Rivian Automotive Stock Price: What to Watch in the Stock Market Today

Rivian Automotive Stock Price: What to Watch in the Stock Market Today

Stock futures are a touch higher Friday but major indexes are still poised to snap a five-week winning streak, knocked by concerns about high levels of inflation. Here’s what we’re watching in markets:

Rivian Automotive shares are up 2% premarket. In its first two days of trading, the electric car-maker has cinched a market value of more than $100 billion, roughly a tenth the size of Tesla . Tesla shares edged up less than 1% premarket.

Lordstown Motors shares fell more than 10% premarket after it reported a wider loss in the third quarter on higher expenses as the company said that commercial production and deliveries for its electric pickup truck will begin next year.

Johnson & Johnson shares gained 5% premarket after it said it plans to break up into two companies, splitting off the $15-billion-a-year division that sells Band-Aid bandages, Tylenol medicines and Johnson’s Baby Powder.

U.S.-listed shares of AstraZeneca fell 3.2% premarket after the company posted a net loss for the third quarter despite a