Pdd Holdings Inc. shares rise 1.19% premarket after Nasdaq CEO advocates for reduced reporting burden on public companies.

Pdd Holdings Inc. rose 1.19% in premarket trading. The stock's movement aligns with the broader market sentiment, as U.S. stock index futures were muted on Monday, setting a cautious tone for a crucial week in which the Federal Reserve is widely expected to resume its interest rate cutting cycle. Additionally, Tesla's stock rose after CEO Elon Musk's share purchase, which may have contributed to a positive market sentiment.