Wall Street is seen coming off highs, with General Motors Company Inc (NYSE:GM) one of the stocks trending in pre-market.
Shares in the auto giant closed up nearly 5% yesterday but are down 1.09% in pre-market to $37.24.
Shares gained after it announced it would significantly cut car production in North America in a bid to deal with sliding sales.
The group will reportedly cancel six car models, including the plug-in hybrid Chevrolet Volt, along with the Chevrolet Cruz and Impala.
It will cease output at seven plants worldwide and make thousands of workers redundant.
President Donald Trump said he was "not happy" with the move.
Elsewhere, United Technologies Corp (NYSE:UTX) shares nudged up 0.60% in pre-market to $128.75 as it emerged that the group was going to split into three separate companies.
These will wrap up the group's aerospace, elevators and building divisions. The move will make the firm the latest industrial conglomerate to pursue such a break-up.
Last week, shares in the firm also rose as it revealed that the Chinese authorities approved its $30 billion acquisition of aircraft parts maker Rockwell Collins Inc.
The conclusion of the regulatory review by China’s State Administration for Market Regulation cleared the way for UTC to proceed with the deal, which was announced on September 4, 2017.
Combined with UTC Aerospace Systems, a new company, Collins Aerospace Systems, will be formed, which will be part of the United Technologies company after the split.
Elsewhere, biopharma group Amarin Corp (NASDAQ:AMRN) shares slid over 5% to $18.40 on Tuesday, having nudged up yesterday, as it priced its public offering of ADS (American Depository shares) for gross proceeds of around $200 million.
Elsewhere, electric vehicle giant Tesla Inc (NASDAQ:TSLA) saw shares lose 2.37% to stand at $337.79 in pre-market deals, having accelerated over 6% yesterday.
News on Tuesday was that sales in China plunged 70% last month (October).
The firm sold just 211 cars in the People's Republic last month, a sharp drop versus a year ago, the country's passenger car association told Reuters on Tuesday.