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
) were also in focus.
The stock market rally was mixed Wednesday. with the Dow leading and Nasdaq edging lower while Apple
) 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
) and Xpeng Motors
) reported strong June and second-quarter deliveries before the open, with Li Auto
) 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
) is expected to release second-quarter production and delivery figures by the end of the week, perhaps this morning.