Stocks Making Early Moves
48 minutes ago
Gains:
- Nio Inc. (NIO): Shares of the Chinese electric vehicle maker rose more than 2% following reports the company could spin off its battery production unit before the end of the year.
- Advanced Micro Devices (AMD): The chipmaker’s shares gained more than 1% ahead of the release of its new Instinct MI300 chip, a graphics processing unit designed to compete with the Nvidia chips on which most artificial intelligence relies.
- Nvidia (NVDA): Shares rose about 1% after CEO Jensen Huang said the company would develop new chips to be compliant with U.S. restrictions on the export of advanced semiconductors to China.
Losses:
- British American Tobacco Industries (BTI): Shares of the cigarette company fell more than 9% after it said it would write down the value of its U.S. brands by $31.5 billion.
- MongoDB Inc. (MDB): Shares of the cloud software company fell 5% after it reported quarterly earnings. Results came in ahead of stated expectations, but shares’ 120% gains this year set a high bar for the stock.
Stock Futures Rise As Data Shows Job, Wage Gains Slowing in November
1 hr 41 min ago
Futures contracts connected to the Dow Jones Industrial Average were 0.1% higher a little over an hour before markets opened.
S&P 500 futures were up 0.2%.
Nasdaq 100 futures contracts pointed to a 0.3% rise for the tech-heavy index.
