A member of the Mississippi National Guard receives a dose of the Moderna Covid-19 vaccine in his arm in Flowood, Mississippi.
Rogelio V. Solis | AP
Check out the companies making headlines before the bell.
Moderna — Moderna shares surge over 3% in early trading following CDC’s updated recommendation of Covid vaccine boosters for all Americans aged 6 months and above. Pfizer registers a 0.2% gain.
Apple — Apple dips 0.4% before the bell, a day after launching its latest iPhone model and unveiling updates like the new Apple Watch and revamped AirPods.
Ford — UBS analyst Joseph Spak starts coverage on Ford with a buy rating and a $15 price target, implying a 21% upside. Spak highlights Ford’s resilient commercial segment and its potential to offset challenges faced by its blue and electric car models. Ford’s stock rises 1.5% in premarket trading.
BP — BP CEO Bernard Looney resigns after over three years in the role, causing the company’s shares to rise over 1% before the market opens. BP’s U.S. shares closed down 1.3% on the previous day.
Xpeng, Nio — Xpeng and Nio, Chinese electric vehicle manufacturers, witness drops of more than 3% and 2% respectively in their U.S.-based shares as the EU discusses imposing anti-subsidy tariffs on Chinese imports to safeguard local producers.
American Airlines, Spirit Airlines — American Airlines drops 3.1% after revising its Q3 earnings guidance due to higher fuel prices and costs linked to a new labor agreement. The airline now expects earnings per share in the range of 20 cents to 30 cents, down from the prior guidance of 85 cents to 95 cents. Similarly, Spirit Airlines plunges 3.9% after lowering its summer profit forecast, citing increased expenses.
— Reporting by CNBC’s Samantha Subin, Pia Singh, and Sarah Min.
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