Dow Jones futures and S&P 500 futures rose slightly Thursday morning, while Nasdaq futures edged lower. Crude oil prices kept running with OPEC+ discussing production levels while Nio, Xpeng and
Micron Technology (
MU) were also in focus.
The stock market rally was mixed Wednesday. with the Dow leading and Nasdaq edging lower while
Apple (
AAPL) flirted with a buy point.
Late Wednesday, memory-chip giant Micron topped earnings views, though MU stock fell modestly in premarket trading. The Micron earnings report has implications for memory-exposed chip-gear makers such as Applied Materials (
AMAT) and Lam Research (
LRCX). AMAT stock closed just above a buy point.
Chinese EV makers
Nio (
NIO) and
Xpeng Motors (
XPEV) reported strong June and second-quarter deliveries before the open, with
Li Auto (
LI) likely releasing figures in the next couple of days. Nio stock rose before the open, extending a huge weekly gain. Xpeng stock and Li Auto also rose.
Tesla (
TSLA) is expected to release second-quarter production and delivery figures by the end of the week, perhaps this morning.
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