Li Auto, NIO, Peloton, and Other Stock Market Movers Monday

A trader works on the floor of the New York Stock Exchange.


Michael Nagle/Bloomberg

Stock futures were trading lower Monday after China cut interest rates following data that showed the world’s second-largest economy slowed in July.


S&P 500

futures were down 0.4% and


Dow Jones Industrial Average

futures fell 0.5%. Futures for the tech-heavy


Nasdaq Composite

were 0.2% lower.

These are some of the stocks making moves in premarket trading Monday.

American depository receipts of



Li Auto

(ticker: LI) fell 6.3% after the Chinese electric-vehicle company guided for lower third-quarter deliveries than analysts expected. ADRs of fellow Chinese electric-vehicle makers also fell with



NIO

(



NIO

) down 1.8% and



XPeng

declining 3.7%.



Moderna
’s

(MRNA) bivalent Covid vaccine booster for adults aged 18 and older was authorized by a U.K. regulator. The stock fell 0.2%.



Illinois Tool Works

(ITW) was 2.2% lower after Deutsche Bank lowered its rating on the industrial products and equipment manufacturer to Sell from Hold.



Peloton Interactive

was down 2.5% in premarket trading Monday after jumping 13.6% on Friday. The at-home fitness company said last week it was cutting nearly 800 jobs as part of a strategic overhaul.



Walmart

(WMT),



Target

(TGT) and



Home Depot

(HD) will report second-quarter earnings results this week, with the reports giving investors some insight into how U.S. retail and the consumer are holding up amid a period of record-high inflation. All three stocks were little changed in the premarket session. Coming into Monday’s session,



Walmart

shares have declined 8.6% in 2022, Target has fallen 26% and



Home Depot

has dropped 24%.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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