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The stocks were moved to a lower open value as concerns about the Covid-19 Delta variant continued to mount and retail sales came in weaker than expected.


Dow Jones industry average

fell 354.62 points, or 1%, while the

S&P 500

fell 0.8% and the

Nasdaq composite

1% decreased.

Markets have been concerned about the Delta Tribe disrupting both global demand and supply chains. In New Zealand, the government announced a three-day lockdown after a new case was discovered. In China, shipping continued to receive support after a Covid case was reported in one of its ports. And the US has established the need for booster shots as Florida, Louisiana, Hawaii, Oregon, and Mississippi set Covid case records.

“US futures are lower this morning … while delta concerns remain,” writes Tom Essaye, founder of Sevens Report Research.

Elsewhere, US retail sales fell short of expectations. They fell 1.1% m / m in July, worse than the estimated 0.3% decline, raising concerns that the U.S. consumer may be starting to pull back due to Covid. “The 1.1% m / m drop in retail sales in July could be a sign that the rapid spread of the delta coronavirus variant is convincing some consumers to stay out of public spaces again and is consistent with a self Real consumption growth slowed sharply in the third quarter, ”writes Andrew Hunter, senior US economist at Capital Economics.

Here are five stocks moving in Tuesday’s pre-trading session:


(TSLA) shares fell 3.1% after the electric vehicle maker’s CEO Li Xiang

Li car

(LI) said the industry should restrict the use of autonomous driving terms. The Li share has changed little.


(WMT) stock rose 0.6% after reporting earnings of $ 1.78 per share, beating estimates of $ 1.57 per share on sales of $ 141 billion and thus exceeded expectations of $ 137 billion.

Meer Ltd.

(SE) The stock rose 4.4% after reporting a loss of 61 cents per share, which on sales of $ 2.3 billion was worse than estimates of a 49 cents loss and above expectations for $ 2 billion.


(APP) shares rose 7.6% after upgrading from underweight to equal weight at Morgan Stanley.


(BABA) is down 4% after Chinese regulators announced that they will continue to target competition and data security.

Corrections & reinforcementsThis article looks at what’s going on in the stock market on Tuesday. A previous headline said Monday.

Write to jacob.sonenshine@barrons.com