Written by Brenda Nakalema

Kohl’s Micron, NIO, and Plus Friday Morning Stock Movers

The stock market looked like it would be trading lower going into trading on Friday as investors continued to grapple …

The stock market looked like it would be trading lower going into trading on Friday as investors continued to grapple with fear brought on by inflation and the risk of a U.S recession. S&P 500 futures dropped 0.4%.

Here are some stock picks making moves in premarket trading on Friday.

Kohl’s (ticker: KSS) declined 15% after the department store chain announced it had ended talks to be acquired by Franchise Group (ticker: FRG). Shares of the company fell 3.2%.

Shares of Micron Technology (ticker: MU) dropped 4.4% after the memory chips maker said fiscal fourth-quarter results wouldn’t meet analysts’ expectations.

Li Auto (ticker: LI) gained 1.6%, NIO (ticker: NIO) climbed by 1.8% and Xpeng (ticker: XPEV) was rising 2.1%. As far as deliveries are concerned, all three EV companies posted strong results in June as production and demand for electric vehicles in China rebounded.

Frontier Group Holdings (ticker: ULCC) dropped 1.1% on Friday after JetBlue Airways (ticker: JBLU) announced an extension on its tender offer to buy Spirit Airlines (ticker: SAVE). Shares of Spirit dropped 1.2% while JetBlue stock stayed level.