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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

One of Wednesday's biggest moving stocks ahead of the open was FedEx, which disappointed investors with its full-year profit forecast. Nio and Tesla were on...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: WSJ - 🏆 98. / 63 Read more »