FedEx shares are falling, Nio's are rising and other stocks on the move

Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.

Tesla Inc. TSLA stock rose 1.3% in premarket trading. The EV maker’s chief executive Elon Musk met Tuesday with India’s Prime Minister Narenda Modi, and said his company will be in India “as soon as humanly possible.”Shares of FedEx Corp. FDX dropped nearly 3% in premarket trading after the logistics company’s full-year profit forecast fell short of expectations.

La-Z-Boy Inc. shares LZB fell 1.5% in late Tuesday trading after the furniture maker’s poor sales outlook overshadowed its earnings beat. Shares of MSG Entertainment fell 5.4% in late trading on Tuesday. Live entertainment provider Sphere Entertainment Co. SPHR will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE , Madison Square Garden said on Tuesday.

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Nio's stock turns briefly positive after more than $1 billion investment from Abu Dhabi fundNio's stock bounced briefly into the green Tuesday, after the China-based EV maker announced an investment of more than $1 billion by an Abu Dhabi fund.
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Stock Market Today: Dow Futures Fall as China Cuts Borrowing RatesStock futures are lower and bond yields are higher as investors await Tuesday's housing starts data and FedEx earnings. Follow the latest markets updates.
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