US pre-market stock movers show a mixed bag of gains and losses, with the Nasdaq Composite and S&P 500 Index both down slightly. Among individual stocks, NVIDIA (NVDA) is down 1.6% after China reportedly told companies such as Alibaba Group Holding (BABA) and ByteDance to terminate their testing and orders of the RTX Pro 6000D. This news comes on the heels of a recent report that iPhone sales in China have slowed by 6% year-over-year in the July-August period, while overall Chinese smartphone sales have declined by 2% YoY during the same time frame.

Apple (AAPL) is down slightly despite these negative China-related headlines, as investors may be taking a wait-and-see approach ahead of the company’s upcoming earnings report. Meanwhile, activist investor Elliott Management has taken a stake worth over $2 billion in software firm Workday (WDAY), sending shares higher by 6%.

Other movers include JPMorgan Chase (JPM), which raised its quarterly dividend to $1.50 per share (up from $1.40) and Wells Fargo (WFC), whose exit ban in China has been lifted on a banker named Mao Chenyue. Shares of AstraZeneca (AZN) are down 0.7% after its asthma drug missed the primary endpoint in a clinical trial, while Natural Gas Services Group (NFE) is up 46% after finalizing a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico.

Overall, today’s market movers suggest that investors are cautiously optimistic about the prospects of some companies, while others continue to face headwinds in key markets like China. As always, it’s important to stay informed and up-to-date on the latest news and trends in the stock market.