Stock futures slipped Wednesday ahead of U.S. consumer price index data. Economists forecast that CPI climbed at a 3.6% annual pace in August, up from the 3.2% pace recorded in July.
These stocks were poised to make moves Wednesday:
Apple
(AAPL) was slipping 0.3%, a day after declining 1.7% following the release of its new iPhone lineup. While some analysts had expected price increases across the Pro lineup,
Apple
only increased the starting price of its iPhone 15 Pro Max phone by $10.
U.S.-listed shares of
BP
(BP) rose 2.1% in premarket trading after Chief Executive Bernard Looney resigned amid an investigation into new allegations of his personal relationships with colleagues. Looney had pushed for the oil giant’s transition to clean energy.
American depositary receipts of
NIO
(
NIO
) declined 1.9%,
XPeng
(XPEV) was down 3%, and
Li Auto
(LI) fell 1.7% after European Commission President Ursula von der Leyen said an anti-subsidy investigation would be launched into Chinese electric-vehicle makers.
Tesla
(TSLA), which holds a sizable share of the European EV market, rose 0.6%.
Rocket Pharmaceuticals
(RCKT) jumped 18% after the pharmaceutical company said it reached alignment with the Food and Drug Administration regarding its global Phase 2 trial for a treatment of Danon disease, a fatal genetic cardiac disease.
Write to Joe Woelfel at [email protected]
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