As futures point to a mixed start on Wall Street, a number of stocks are in focus, as well as the North Korea issue.
Tesla (NADSAQ:TSLA ), Elon Musk's electric car baby, is one of them, and is down 1.13% in pre-market to $348.63 and closed yesterday 2.49% lower at $352.62.
It came after the tech firm reported second quarter deliveries up 53% compared to the same time last year, at 22,000 vehicles.
Oracle Corporation (NYSE:ORCL), the tech giant, is also up 0.79% in pre-market as broker KeyBanc upgraded the share to 'overweight' from 'sectorweight'. It may be a stock to watch further today.
Big banks are also doing well in pre-market, with Goldman Sachs (NYSE:GS) up 0.67% and Bank of Americxa (NYSE:BAC) up 0.45%. It comes ahead of the publication of June Fed minutes - a month in which they lifted interest rates again, signalling a strengthening economy, which financial stocks like banks will benefit from.
Movado Group Inc (NYSE:MOV) may be a notable share mover on the day having closed down almost 2% on Monday as the watchmaker reported that it has acquired Olivia Burton for around £60 million.
This comes from its acquisition of JLB Brands Ltd, the owner of the Olivia Burton brand, one of the United Kingdom’s fastest growing fashion watch and jewelry brands.
In its latest year to end March, Olivia Burton’s revenue increased 64% to around £15 million and it is expected to generate around £25mln in net sales in the year to end March 2018.
In the futures market, the Dow Jones is up four points; the S&P 500 is up one and the Nasdaq index is down 12.5 points.
Elsewhere, tensions between President Trump and North Korea have been heightened, in the light of the latest missile test - an intercontinental ballistic missile (ICBM), which some experts believe could have reached Alaska - a far greater distance than North Korea has achieved before.
Trump has today hit out at China, which has increased trade with the North almost 40% in the first quarter.
North Korea says its ICBM can carry nuclear warhead: https://t.co/ZnVMu37H2B pic.twitter.com/Ycddpr1qGJ
— Reuters Top News (@Reuters) July 5, 2017