Morning Briefing: Former Nio senior vice president launches his own EV company

Moomoo Breakfast US wrote a column · Aug 9, 2021 05:35

By Julianna

Morning Briefing: Former Nio senior vice president launches his own EV company

Hey, moomooers! Here are things you need to know before the opening bell:

- Stock futures traded lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report.

- Nio's former senior vice president Charles Huang Chendong, who left the electric company last year, has launched his own electric commercial vehicle company, Newrizon Inc, cnEVpost reported on Monday.

Market Snapshot

Stock futures traded lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report.

Futures tied to the $Dow Jones Industrial Average(.DJI.US)$fell 85 points. $S&P 500 Index(.SPX.US)$futures were fractionally lower, and $Nasdaq Composite Index(.IXIC.US)$futures were slightly higher.

Source: Bloomberg

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