Dow Jones Today: Major Indexes Move Lower as Tech Stocks Give Back Early Gains

Shares of Chinese EV Maker Nio Rise as Vehicle Deliveries Jump

1 hr 13 min ago

U.S.-traded shares of Nio (NIO) advanced in early trading Thursday as the Chinese electric vehicle maker boosted its outlook following record deliveries.

Nio posted a second-quarter loss of 5.05 billion yuan ($694.4 million), 16.7% smaller than a year ago. Revenue soared 99% to 17.45 billion yuan, which was in line with analysts' expectations

Vehicle deliveries jumped 144% to 57,373 units in the second quarter, and the company expects a number of between 61,000 and 63,000 in the current quarter. In addition, Nio sees revenue in a range of 19.11 billion yuan and 19.67 billion yuan, better than analysts' estimates. 

American Depositary Receipts in Nio were up 6% in recent trading.

Dow Jones Today: Major Indexes Move Lower as Tech Stocks Give Back Early Gains

Bill McColl

Stock Futures Point to Lower Open for Major Indexes

2 hr 50 min ago

Futures tied to the Dow Jones Industrial Average were down fractionally.

Dow Jones Today: Major Indexes Move Lower as Tech Stocks Give Back Early Gains

S&P 500 futures were down 0.1%.

Dow Jones Today: Major Indexes Move Lower as Tech Stocks Give Back Early Gains

Nasdaq 100 futures were down about 0.3%.

Dow Jones Today: Major Indexes Move Lower as Tech Stocks Give Back Early Gains

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