Wall Street Premarket Review August 3

Square General Electric, Xpeng, NIO, and Parker-Hannifin on Monday at the Stock Exchange premarket.

Fair shares plummeted 5% after Twitter announced a $ 29 billion takeover of Australia’s Afterpay and announced stronger-than-expected profits in the second quarter in advance.

Square said it would pay AU $ 126.21 for Afterpay, or about $ 92.65 per share.

General Electric fell 1% after the company said it began trading on Monday on a split-adjustment basis after reporting stronger-than-expected second-quarter earnings.

Xpeng rose 4.29% after the Chinese electric vehicle maker said July shipments more than tripled from last year and climbed 22% from the previous month, the second consecutive month.

As of July 31, the company said total shipments had reached 38,778 units since the beginning of the year, up 388% from a year earlier.

NIO shares climbed 0.09% after the Chinese electric vehicle maker said July shipments more than doubled from a year ago but were down 1.9% from a month ago.

The company said July shipments were up 124.5% year-on-year to 7,931 vehicles after delivering 8,083 electric cars in June.

Parker-Hannifin shares lost 1.61% after the Aerospace motion control system maker agreed to buy Britain’s Meggitt for £ 6.3bn in cash.