In pre-market trading, U.S.-listed Chinese stocks are experiencing a downturn. Pinduoduo, Li Auto, and JD.com each fell approximately 2%, while XPeng dropped around 3%.
FedEx (FDX, Financial) shares declined by about 6% after the company revised its full-year performance guidance and capital expenditure expectations downward. This adjustment reflects potential challenges in the company's operational outlook.
Micron Technology (MU) saw a slight increase of about 1%. The company's second-quarter data center revenue has tripled, and its third-quarter guidance significantly exceeded expectations, indicating strong performance in its business segments.
Nike (NKE) shares fell approximately 5% following the release of its third-quarter financial results, which may have disappointed investors despite the company's efforts to maintain growth.
In addition to individual stock movements, U.S. stock futures are also down. The S&P 500 futures decreased by 0.21%, Nasdaq 100 futures fell by 0.23%, and Dow Jones futures dropped by 0.19%, indicating a broadly cautious sentiment in the market.
