Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Midday Movers: Boeing, Apple, NIO and More

Published 01/08/2022, 18:44
Updated 01/08/2022, 18:44
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- U.S. stocks weakened on Monday after notching gains for July. Here are the midday movers for Aug. 1:

  • Boeing Co (NYSE:BA) shares rose 6% after a report the Federal Aviation Administration approved its plan for validating repairs on its 787 Dreamliner, allowing it to restart deliveries of the jets.

  • Apple Inc (NASDAQ:AAPL) shares dipped 0.5% after it announced another bond sale, this time in four parts with various maturities, for general corporate purposes including paying dividends and buying back stock.
  • Nio Inc (NYSE:NIO) and Li Auto Inc (NASDAQ:LI) shares rose 2.3% and 2.5%, respectively, after the Chinese electric vehicle rivals both reported a rise in July deliveries.
  • DraftKings Inc (NASDAQ:DKNG) shares rose 1.4% as Massachusetts was poised to become the latest state to allow sports betting. ESPN reported the legislature came to an agreement Monday that allows licensed sportsbooks to offer sports betting with some restrictions.
  • Weber Inc (NYSE:WEBR) stock fell 3.3% after UBS cut its rating to sell from neutral, saying the pandemic surge in grill purchases is subsiding and the future looks more challenging. Falling home purchases are also pressuring the outlook.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.