Tesla and Macy’s rise premarket; Coinbase and Nio fall By Investing.com

Tesla and Macy’s rise premarket; Coinbase and Nio fall By Investing.com

Investing.com — U.S. stock traded marginally higher Friday, with traders warily awaiting the key nonfarm payrolls release for clues of future Federal Reserve action.

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

  • Tesla (NASDAQ:) stock rose 1.8% with several state-owned firms in China’s financial hub of Shanghai having recently purchased the EV manufacturer’s best-selling Model Y as service cars, following a local media report saying Tesla cars had been made eligible for a Chinese local government purchase list.

  • Macy’s (NYSE:) stock rose 6.8% after the Wall Street Journal reported that Arkhouse Management and Brigade Capital Management have raised their bid to buy the department store chain for about $6.9 billion.

  • Coinbase (NASDAQ:) stock fell 4.6%, with the cryptocurrency exchange suffering after , the world’s most popular digital currency, fell to its lowest point since February.

  • Nio (NYSE:) ADRs fell 2.3% after the Chinese EV maker announced that chief financial officer Steven Feng has resigned, citing personal reasons, to be succeeded by insider Stanley Yu Qu.

  • Shell (LON:) ADRs rose 1.1% despite the oil major announcing that it will take an impairment charge of up to $2 billion after the sale of its Singapore refinery and pausing of construction of one of Europe’s biggest biofuel plants.

  • Amazon (NASDAQ:) stock 0.3% after the European Commission requested more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act obligations.

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