Tesla, Nvidia, Fidelity National Financial, and More Stock Market Movers

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Stock futures started the shortened week lower following the Labor Day holiday. Futures for the Dow Jones Industrial Average were 70 points lower, or 0.2% down, after a 115 gain Friday led the index to finish at 34,837. S&P 500 futures fell 0.3% with contracts tracking the tech-heavy Nasdaq down 0.5%.

These stocks were poised to make moves Tuesday: 

Tesla

(ticker: TSLA) was trading down 0.95% in the premarket at $242.69 after German car maker 

Mercedes-Benz

(ticker: MBG.Germany), introduced a new electric-sedan concept vehicle, at a German motor show, with superior range.  

Mercedes’ electric-sedan concept will have a 466 miles range, based on global industry standards which is more than

Tesla
’s
Model 3 sedan that has a range of 391 miles for its long range version, on the same basis.

Chip maker

Nvidia

(NVDA) was trading down 1.15% to $479.70 following a strong week in which it climbed 5.4% to 485.09 and reached a record closing high of $493.55 Thursday. CEO Jensen Huang met with India’s Prime Minister Narendra Modi Monday ahead of the Group of 20 summit between international leaders to be held in Delhi on Sept. 9-10. The pair talked about advances in Artificial Intelligence, according to a tweet by Modi on the X social media platform, which was formerly Twitter.

Fidelity National Financial

(FNF) shares increased 8.15% to $45.37 in the premarket. Late Friday a 13F filing showed that

Citi

had increased its stake by 23.2% in the first quarter of the year.

Earnings reports are expected Tuesday from

Zscaler

(ZS),

GitLab

(GTLB),

Asana

(ASAN), and

AeroVironment

(AVAV).

Reports are expected later in the week from

C3.ai

(AI),

GameStop

(GME),

UiPath

(PATH),

DocuSign

(DOCU), and

Kroger

(KR).

Write to Rupert Steiner at rupert.steiner@barrons.com