U.S. stock futures mixed, Nasdaq 100 falls 200 pts. Rivian (RIVN) drops after public offering announcement. Other stocks also down in pre-market.

17:23 EDT Rivian (RIVN) down 8% at $18.60 after announcing 75M share equity offering4th of July Sale - 70% Off Unlock powerful investing tools ...

Rivian Automotive, Inc. Announces Commencement of Underwritten Public Offering of Common Stock

Rivian Automotive (NASDAQ:RIVN) shares are tumbling in extended trading Monday after the company announced a public offering.

Wall Street ended Monday higher, with the Dow Jones Industrial Average adding 0.29% to 53,055.91.

US stock futures trade lower, investors focus on PENG, RXST, SAR earnings, RIVN's public offering, and EPAC's expected earnings. Check premarket coverage.

Rivian Automotive Inc. (RIVN) shares declined on Tuesday following the announcement of a 75 million-share public offering of Class A common stock.

U.S. stock futures mixed, Nasdaq 100 falls 200 pts. Rivian (RIVN) drops after public offering announcement. Other stocks also down in pre-market.

Rivian filed for a public offering of 75 million shares of common stock. It plans to use the proceeds to pay off a government loan.

The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.

US stocks decline on Tuesday, with Nasdaq falling 0.61% and S&P 500 dropping 0.24%. Consumer staples shares rise 1.8% while tech stocks fall 2.1%. Logistics Manager's Index…