Stock futures started the shortened week lower following the Labor Day holiday. Futures for the Dow Jones Industrial Average were 70 points lower, or 0.2% down, after a 115 gain Friday led the index to finish at 34,837. S&P 500 futures fell 0.3% with contracts tracking the tech-heavy Nasdaq down 0.5%.Tesla was trading down 0.95% in the premarket at $242.69 after German car maker Mercedes-Benz , introduced a new electric-sedan concept vehicle, at a German motor show, with superior range.
Mercedes’ electric-sedan concept will have a 466 miles range, based on global industry standards which is more than Tesla’s Model 3 sedan that has a range of 391 miles for its long range version, on the same basis. Chip maker Nvidia was trading down 1.15% to $479.70 following a strong week in which it climbed 5.4% to 485.09 and reached a record closing high of $493.55 Thursday. CEO Jensen Huang met with India’s Prime Minister Narendra Modi Monday ahead of the Group of 20 summit between international leaders to be held in Delhi on Sept. 9-10. The pair talked about advances in Artificial Intelligence, according to a tweet by Modi on the X social media platform, which was formerly Twitter.
Fidelity National Financial shares increased 8.15% to $45.37 in the premarket. Late Friday a 13F filing showed that Citi had increased its stake by 23.2% in the first quarter of the year.Reports are expected later in the week from C3.ai , GameStop , UiPath , DocuSign , and Kroger .
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