$NIO

Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

Asian equities traded in the US as American depositary receipts were rising Friday morning, up 1.55% to 3,001.07 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and electric vehicle maker NIO (NIO), which rose 5.2% and 4.2% respectively. They were followed by video display maker LG Display (LPL) and Korea Electric Power (KEP), which were up 4% and 3.2% respectively.The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and used car marketplace Uxin (UXIN), which fell 5.7% and 3.6% respectively. They were followed by semiconductor company ASE Technology (ASX) and mobile big data platform Aurora Mobile (JG), which were off 0.8% and 0.6% respectively.From South Asia, the gainers were led by Canaan (CAN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 13% and 2.5% respectively. They were followed by HDFC Bank (HDB) and IT firm Sify Technologies (SIFY), which advanced 2.3% and 1.4% respectively.The decliners from South Asia were IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.1% and 0.2% respectively.

Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking slightly higher Thursday morning, rising 0.15% to 3,003.67 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by technology company Xunlei (XNET) and education company 17 Education & Technology Group (YQ), which climbed 4% and 10% respectively. They were followed by brand platform 36Kr (KRKR) and online entertainment service iQIYI (IQ), which advanced 4.6% and 4.5% respectively.The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and electric vehicle maker NIO (NIO), which dropped 4.9% and 2.5% respectively. They were followed by music streaming service Tencent Music Entertainment Group (TME) and fintech firm LexinFintech (LX), which lost 2.4% and 0.2% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Wipro (WIT), which rose 15% and 1% respectively. They were followed by telecommunications operator PLDT (PHI), which were up 1.1%.The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 1.8%, followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were off 0.5% each.

NIO Shares Fall After JPMorgan Downgrade

NIO (NIO) shares were down over 4% in Wednesday trading after JPMorgan downgraded the stock to neutral from overweight.Trading volume was more than 49.2 million shares intraday, compared with a daily average of about 27.7 million.Price: $3.88, Change: $-0.18, Percent Change: -4.53%

Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.72% to 3,003.68 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and education company 17 Education & Technology Group (YQ), which climbed 6% and 4.8% respectively. They were followed by online entertainment service iQIYI (IQ) and fintech firm J and Friends (JF), which advanced 2.4% and 2.5% respectively.The decliners from North Asia were led by fintech firm Jiayin Group (JFIN) and electric vehicle maker NIO (NIO), which dropped 6.8% and 4.9% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company ASE Technology (ASX), which fell 2.5% and 0.5% respectively.From South Asia, the gainers were led by IT company Sify Technologies (SIFY) and lender ICICI Bank (IBN), which rose 2.4% and 1% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), which increased 0.2%.The decliners from South Asia were led by computer hardware maker Canaan (CAN), which dropped 3.1%, followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 1.4% and 0.4% respectively.

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.03%, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.2% in Wednesday's premarket activity, as markets traded mixed amid escalating US-Iran tensions.US stock futures were also mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures retreating 0.1% before the start of regular trading.Mortgage applications rebounded by 0.8% in the week ended Aug. 28 despite a further increase in average 30-year fixed mortgage rates, according to Mortgage Bankers Association data released Wednesday.ADP's monthly measure of private payrolls showed a 38,000 increase in August, well below expectations compiled by Bloomberg as of 7:45 am ET for an increase of 47,000 after a 46,000 increase in July.Factory orders data for July will be released at 10:00 am ET, followed by the weekly petroleum stocks data at 10:30 am ET.The Fed's Beige Book, a compilation of economic and business reports from the 12 regional Fed branches, posts at 2 pm ET.In premarket action, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% lower, Ether ETF (EETH) retreated 1.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) was up 0.8%, and the iShares US Industrials ETF (IYJ) was inactive.FuelCell Energy (FCEL) stock was down more than 12% before the opening bell after the company reported a wider-than-expected fiscal Q3 adjusted loss.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.1%, the iShares US Technology ETF (IYW) was 0.8% lower, and the iShares Expanded Tech Sector ETF (IGM) lost 0.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) decreased by 0.1%, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Dell Technologies (DELL) shares were up 8% after the company posted higher fiscal Q2 adjusted earnings and revenue in addition to lifting its full-year guidance.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.Manulife Financial (MFC) shares traded down 4% in early-hours activity after the company said late Tuesday it priced a $750 million public offering in the US of 6.146% subordinated notes due 2041.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.1%, and the iShares US Consumer Staples ETF (IYK) advanced 0.03%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) was 0.3% higher. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.4%.Nio (NIO) shares were down more than 3% pre-bell after JPMorgan downgraded the company to neutral from overweight.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.5%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.1% higher.UniQure (QURE) stock was up 3% premarket after the company submitted a Biologics License Application to the US Food and Drug Administration to request accelerated approval of ifezuntirgene inilparvovec, or AMT-130, its investigational gene therapy for Huntington's disease.EnergyThe iShares US Energy ETF (IYE) was down 0.2%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.5% lower.BP (BP) stock was down more than 1% before market open after the company appointed Ian Tyler as board chair.CommoditiesFront-month US West Texas Intermediate crude oil was down by 0.8% to $89.53 per barrel on the New York Mercantile Exchange. Natural gas was up 1.1% at $2.94 per 1 million British Thermal Units. The United States Oil Fund (USO) lost 1.2%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for November were down by 0.4% to $4,379.40 an ounce on the Comex. Silver futures retreated 0.6% to $64.96 an ounce. SPDR Gold Shares (GLD) increased 0.1%, and the iShares Silver Trust (SLV) was 0.4% higher.

JPMorgan Downgrades NIO to Neutral From Overweight, $7 Price Target

Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were edging slightly lower Tuesday morning, declining 0.14% to 3,020.40 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and biopharmaceutical company Zai Lab (ZLAB), which rose 5.5% and 5.4% respectively. They were followed by education company 17 Education & Technology Group (YQ) and game live-streaming service HUYA (HUYA), which advanced 4.2% and 3.9% respectively.The decliners from North Asia were led by music streaming service Tencent Music Entertainment Group (TME) and electric vehicle maker NIO (NIO), which dropped 12% and 6% respectively. They were followed by online retailer JD.com (JD) and video-sharing platform Bilibili (BILI), which were down 4.8% and 4.7% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which climbed 11% and 3.1% respectively. They were followed by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which increased 1.4% and 1% respectively.The decliners from South Asia were led by telecommunications operator PT Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which lost 1.7% and 0.7% respectively. They were followed by IT company Wipro (WIT) and telecommunications operator PLDT (PHI), which were off 0.5% and 0.3% respectively.

Asian Equities Traded in the US as American Depositary Receipts Track Lower in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.84% to 2,853.03 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company Four Seasons Education (FEDU) that rose 7% and mobile big data platform Aurora Mobile (JG), which rose 6%. They were followed by electric vehicle maker NIO (NIO), which was up 4%.The decliners from North Asia were led by real estate management and digital security firm Eason Technology (DXF) and automotive marketplace Token Cat (TC), which dropped 9% and 5.6% respectively. They were followed by internet and data center services provider VNET Group (VNET) and biopharmaceutical company Zai Lab (ZLAB), which lost 5.9% and 2.5% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which advanced 1.7% and 0.5% respectively. They were followed by lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.8% and 0.7% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which fell 2% and 0.8% respectively. They were followed by lender ICICI Bank (IBN) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 1% and 0.5% respectively.

Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.41% to 2,916.74 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and solar panel maker JinkoSolar (JKS), which rose 5.3% and 3.9% respectively. They were followed by fintech firm J and Friends (JF) and video display maker LG Display (LPL), which advanced 3.7% and 3.1% respectively.The decliners from North Asia were led by real estate management and digital security company Eason Technology (DXF) and video-sharing platform Bilibili (BILI), which dropped 9.2% and 3.4% respectively. They were followed by automotive platform Token Cat (TC) and electric vehicle maker NIO (NIO), which lost 1.5% and 1.2% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator PLDT (PHI), which increased 2.7% and 1.5% respectively. They were followed by IT firm Wipro (WIT), which was up 0.6%.The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which fell 5.6% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which were down 1.4% and 1.2% respectively.

NIO Shares Rise After Upgrade From Goldman Sachs

NIO (NIO) shares were up 3.6% in afternoon trading on Monday after Goldman Sachs upgraded the company's stock to buy from neutral and adjusted the price target to $7 from $6.60.Trading volume stood at more than 21.2 million shares against a daily average of about 34.1 million.Price: $4.95, Change: $+0.17, Percent Change: +3.64%

Sector Update: Consumer Stocks Mixed Pre-Bell Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) retreating 0.5%.Nio (NIO) shares were up more than 1% pre-bell after Goldman Sachs upgraded the company to buy from neutral and lifted its price target to $7 from $6.60.MGM Resorts International (MGM) stock was 2.5% higher after a nearly 1% gain at the prior close. The Wall Street Journal reported late Friday that the company is evaluating a takeover proposal from billionaire investor Barry Diller after the company's board formed a special committee and hired advisers to review the offer.Papa John's International (PZZA) shares declined by 1.9% after BofA Securities downgraded the company to underperform from neutral.

Sector Update: Consumer

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) retreating 0.5%.Nio (NIO) shares were up more than 1% pre-bell after Goldman Sachs upgraded the company to buy from neutral and lifted its price target to $7 from $6.60.

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as Renewed US-Iran Conflict Lifts Oil Prices

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1% in Monday's premarket activity, as renewed military tensions between the US and Iran drove oil prices higher.US stock futures were also lower, with S&P 500 Index futures down 0.3%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.9% before the start of regular trading.Fed Governor Christopher Waller is slated to speak on Monday.In premarket action, bitcoin was down by 2.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% lower, Ether ETF (EETH) retreated 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.First Hawaiian (FHB) shares traded down 6% in early hours activity, while TriCo Bancshares (TCBK) was up 7% after the companies signed a definitive agreement for First Hawaiian to acquire TriCo in an all-stock transaction.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1.5%, and the iShares US Technology ETF (IYW) was 0.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 3.2%, while the iShares Semiconductor ETF (SOXX) declined by 3.3%.Intel (INTC) shares were down more than 3% in premarket activity after the company said it is investing 5 billion euros ($5.71 billion) in its Leixlip campus in Ireland to scale capacity to deliver Intel Xeon 6 and next-gen Intel Xeon built on its Intel 3 node.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) was down 0.2%, the Vanguard Industrials Index Fund (VIS) retreated 0.4%, and the iShares US Industrials ETF (IYJ) was inactive.Rockwell Automation (ROK) stock declined more than 3% before the opening bell following a 1% rise at Friday's close. Citigroup lifted the company's price target to $555 from $500 and maintained its buy rating.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.4% lower.InMode (INMD) stock was down more than 1% premarket after rising 1.8% at the prior close. The company reported preliminary Q2 revenue of $95.2 million to $95.4 million.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.1%, and the iShares US Consumer Staples ETF (IYK) was down 0.9%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% lower.Nio (NIO) shares were up more than 1% pre-bell after Goldman Sachs upgraded the company to buy from neutral and lifted its price target to $7 from $6.60.EnergyThe iShares US Energy ETF (IYE) was up 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.5%.Pembina Pipeline (PBA) stock was up more than 1% before the market open, reversing the 0.8% fall in the prior session. Wells Fargo upgraded Pembina Pipeline to overweight from underweight and raised its price target to CA$76 from CA$55.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 3.8% to $74.09 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.5% to $2.90 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 4%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for July fell 1.1% to $4,068.70 an ounce on the Comex. Silver futures retreated by 2.4% to $58.71 an ounce. SPDR Gold Shares (GLD) decreased 1.1%, and the iShares Silver Trust (SLV) was 2.2% lower.

Goldman Sachs Upgrades NIO to Buy From Neutral, Adjusts Price Target to $7 From $6.60

Asian Equities Traded in the US as American Depositary Receipts Advance in Thursday Trading

Asian equities traded in the US as American depositary receipts were higher on Thursday morning, up 0.71% to 2,920.24on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies ASE Technology (ASX) and Silicon Motion Technology (SIMO), which jumped 9.6% and 4.3% respectively. They were followed by semiconductor sector peers Himax Technologies (HIMX) and United Microelectronics (UMC), which climbed 4.6% and 1% respectively.The decliners from North Asia were led by electronics company LG Display (LPL) and consumer finance platform LexinFintech (LX), which dropped 5.2% and 4.9% respectively. They were followed by electric vehicle manufacturers Li Auto (LI) and Nio (NIO), which shed 2.3% and 1.9% respectively.From South Asia, the gainers were led by IT service management company Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which rose 8.2% and 2.7% respectively.The decliners from South Asia were led by computer hardware manufacturer Canaan (CAN), which fell 4.8%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY), which was down 3%.