U.S. Stocks to Watch: Nvidia, Biogen, NIO, Spirit Aviation, and More

Dow Jones
Sep 02

Stock futures were sliding on Tuesday, with investors feeling a little on edge about jobs data due out later this week. U.S. stock markets were closed Monday for the Labor Day holiday.

These stocks were poised to make moves Tuesday:

Nvidia stock slid 1.1% in premarket trading. Shares of the maker of artificial-intelligence chips fell 3.4% on Friday and ended the week down 2.2% following Nvidia's estimate for third-quarter revenue of $54 billion that underwhelmed investors and raised worries about a possible slowdown in AI spending. The stock ended August with a loss of 2.1% but remains up nearly 30% for the year.

Shares of electric-vehicle maker Tesla were 0.4% lower in the premarket session. Tesla declined 3.5% on Friday. The stock rose 8.3% in August but has declined more than 17% in 2025, according to Dow Jones Market Data.

U.S.-listed shares of Chinese electric-vehicle maker NIO were 1% higher after the release of second-quarter earnings. NIO Inc. reported a reduced net loss as it began controlling expenses in preparation for its first profitable quarter in the fourth quarter. The Chinese electric vehicle (EV) maker recorded a net loss of RMB4.99 billion ($697 million) in the second quarter, its smallest since the fourth quarter of 2023.

Etsy was down 0.5%. The online marketplace has declined for seven-straight sessions, losing 18% over the span. Shares of Etsy fell last week in anticipation of the Trump administration's closure of the de minimis exemption for low-value imports into the U.S. The change went into effect on Friday.

Biogen stock was up 1% after the Food and Drug Administration approved a once-weekly injectable version of Alzheimer's treatment Leqembi, which Biogen makes in conjunction with Japan's Eisai.

Spirit Aviation Holdings, the parent company of Spirit Airlines, was down 2.4%. Shares sank 46% on Friday after the discount carrier filed for bankruptcy for the second time in a year.

Shares in gold miner Newmont Mining were up 1.2% after gold hit a record high on Monday, boosted by traders betting that the Federal Reserve will cut interest rates later this month. Bullion tends to rise when borrowing costs fall, because it's more appealing for investors relative to yield assets such as bonds.

Earnings reports are expected Tuesday from Zscaler, NIO, HealthEquity, Signet Jewelers, and Academy Sports and Outdoors.

Reports are expected later in the week from Salesforce, Broadcom, Figma, Hewlett Packard Enterprise, Dollar Tree, Lululemon Athletica, Credo Technology, Campbell's, GitLab, Macy's, C3.ai, Asana, American Eagle Outfitters, Samsara, Copart, Guidewire Software, Docusign, Ciena, and UiPath.

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