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Shares of Tesla Inc rose 1.7% in premarket trading and the
electric-vehicle maker led gains among high-growth stocks, with
Apple Inc, Amazon.com Inc and Meta Platforms Inc rising between
0.7% and 0.8%.
China issued a notice to ramp up COVID-19 vaccinations for the
elderly, while a senior health official said public complaints
about the country's pandemic-related curbs stem from overzealous
implementation rather than from the measures themselves.
Wall Street's main indexes ended about 1.5% lower in the
previous session amid protests in China, while Apple closed at a
near three-week low on worries about a hit to iPhone production.
At 6:53 a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&P
500 e-minis were up 10.5 points, or 0.26%, and Nasdaq 100
e-minis were up 54 points, or 0.46%.
U.S.-listed shares of Chinese companies such as Alibaba Group
Holding Ltd, Pinduoduo Inc and JD.com Inc rose between 5.3% and
7.7% as China broadened equity financing channels for property
developers.
Roku Inc dropped 2.4% after KeyBanc Capital Markets downgraded
the streaming device makers' stock to "sector weight" from
"overweight".
On the data front, consumer confidence data for November, due at
10 a.m. ET, is expected to ease further to 100.00 from 102.50 in
the previous month amid rising concerns about inflation and a
possible recession next year.
(Reporting by Ankika Biswas in Bengaluru; Editing by Shounak
Dasgupta)
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