PARIS, September 13 (Reuters) – Main stocks to follow on Wednesday on Wall Street, where futures contracts on the main indices suggest an opening down 0.17% for the Dow Jones .DJI, 0.11% for the Standard & Poor’s 500 .SPX and 0.13% for the Nasdaq .IXIC: * FORD FN gained 1.8% in pre-market trading, the automobile manufacturer having announced its intention to double production of its F hybrid pick-up -150 in 2024. * GENERAL MOTORS GM.N advanced 1.1% in pre-market trading after the announcement of the monitoring of the value by UBS whose recommendation is “buy”. * Chinese automakers listed on Wall Street LI AUTO LI.O, NIO NIO.N and XPENG XPEV.N fell from 1.7% to 3.1% in pre-market trading, with the European Commission announcing on Wednesday that it had opened an investigation on the massive subsidies granted by China to its manufacturers of electric vehicles, which allow them to undercut prices on the European market. * MODERNA MRNA.O announced on Wednesday to reduce the production of its vaccine against COVID-19, an updated version of which was approved this week by the American authorities, in order to take into account the drop in demand and achieve more quickly to its gross margin objective. The group also announced its mRNA-1010 influenza vaccine had achieved its main objective in a clinical trial. The stock gained 2.5% in pre-market trading. * SPIRIT AIRLINES SAVE.N announced on Wednesday that it had lowered its revenue forecasts for the third quarter to take into account the increase in fuel prices. * MGM RESORTS INTERNATIONAL MGM.N fell 1% in pre-market trading after the group announced Tuesday evening the identification of a cybersecurity problem affecting some of its systems. * ORACLE ORCL.N – JP Morgan lowers its advice from “overweight” to “neutral”. * MATCH GROUP MTCH.O – JP Morgan includes value in its “focus list”. * MONDELEZ MDLZ.O – TD Cowen begins monitoring at “outperformance”. * BEYOND MEAT BYND.O – TD Cowen begins monitoring at “underperformance”. * CAMPBELL SOUP CPB.N – TD Cowen begins monitoring at “performance in line with the market”. (Written by Claude Chendjou, edited by Blandine Hénault)
2023-09-13 11:09:38
#USAThe #values #follow #Wall #Street
