Tesla, XPeng, Nio rise premarket; AstraZeneca, AMC Entertainment fall

Investing.com — U.S. futures inched lower at the start of a holiday-shortened week that includes the release of some key economic data, including the monthly employment report.

Here are some of the biggest premarket U.S. stock movers today:

• Tesla (NASDAQ:) stock rose 6.3% after the EV manufacturer announced that deliveries in the second quarter jumped to a record 466,140, in a sign that a decision by boss Elon Musk to slash vehicle prices may be boosting demand.

• XPeng (NYSE:) stock rose 10.9% after the Chinese electric carmaker reported that its second-quarter deliveries rose 27% from the first quarter.

• Nio (NYSE:) ADRs rose 5% after the Chinese EV maker reported a surge in June deliveries of 74% on the month.

• Apple (NASDAQ:) stock fell 0.2% after the Financial Times reported that the iPhone maker is cutting its output goals for its mixed reality Vision Pro headset due to the product’s complexity.

• United Airlines (NASDAQ:) stock fell 0.7% after the carrier announced it would be giving 30,000 frequent flier miles to customers who were most affected by mass travel delays which affected the holiday weekend travel.

• AMC Entertainment (NYSE:) stock fell 1.6% after Citigroup reiterated coverage of the movie theater chain with a ‘sell’ recommendation, seeing the potential for almost 50% downside.

• AstraZeneca (NASDAQ:) ADRs fell 6.1% after the said that its experimental precision drug has shown improvement in slowing the progression of lung cancer in a late-stage trial, however, this disappointed as the update didn’t include the phrase “clinically meaningful.”

• Occidental Petroleum (NYSE:) stock rose 0.7%, continuing last week’s healthy gains after Warren Buffett’s Berkshire Hathaway (NYSE:) increased its position in the company.