Baidu, XPeng, and major stocks drop in pre-market Monday

U.S. stock futures are mixed, with Dow futures down about 50 points.

Baidu, Inc. (BIDU) saw a significant drop in pre-market trading, falling 2.6% to $101.08.

U.S.-listed Chinese stocks are also down as China’s stimulus efforts did not impress investors.

Other notable stock losers in pre-market trading include:

• Pacific Biosciences (PACB): Down 6.6% to $1.85 after a 28% rise on Friday.
• Genfit S.A. (GNFT): Down 6.1% to $5.73 after a 10% gain on Friday.
• XPeng Inc. (XPEV): Down 5.2% to $12.23.
• Melco Resorts (MLCO): Down 4.6% to $7.53.
• Canada Goose (GOOS): Down 4.1% to $11.37.
• UP Fintech (TIGR): Down 4% to $8.28.
• AppLovin (APP): Down 3.7% to $141.49.

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