What we're watching ahead of the opening bell: Lucid, Tesla, Nvidia and Cisco
La-Z-Boy shares gained 3.9% premarket after the furniture maker said its fiscal second-quarter sales hit a record high, with the company able to increase its capacity to meet heightened demand.
Star Bulk Carriers gained 3.7% premarket. The shipping company’s profit surged in the latest period and revenue more than doubled amid a supply-chain crunch that has helped dry bulk volumes recover. Pfizer shares nudged up 0.8% premarket. The drugmaker on Tuesday said it asked U.S. health regulators to authorize its oral Covid-19 drug for use in high-risk patients, putting the pill on a path that could make it available for people to take at home by the end of the year.Chart of the Day
South Korea has been one of the world’s best-performing big stock markets, with its value topping $1.6 trillion in August, according to data from the World Federation of Exchanges. But it has since been hit by rising interest rates, slowing global growth, a clampdown on household borrowing and concern that memory-chip prices may have peaked.