U.S. stock futures edged higher on Monday, rebounding from sharp monthly losses as investors awaited President Donald Trump’s latest tariff announcements and key employment data. Several stocks saw notable premarket moves across various sectors, with cryptocurrency-exposed companies, EV makers, and defense contractors in focus.
Biggest Premarket Movers
- Coinbase (NASDAQ: COIN) +9.1%, MicroStrategy (NASDAQ: MSTR) +12%, and Riot Platforms (NASDAQ: RIOT) +10% rallied as cryptocurrency stocks benefited from Bitcoin’s rebound. The surge came after former President Donald Trump outlined his vision for a strategic crypto reserve over the weekend.
- Tesla (NASDAQ: TSLA) +3.4% jumped after Morgan Stanley reinstated the EV maker as its ‘Top Pick’ in U.S. autos, citing the stock’s nearly 30% year-to-date decline as a compelling entry point.
- Nvidia (NASDAQ: NVDA) -0.3% dipped slightly despite reports from the Wall Street Journal that Chinese buyers are actively ordering its cutting-edge AI semiconductors, skirting U.S. chip export restrictions.
- RTX Corp (NYSE: RTX) +2.3% and Lockheed Martin (NYSE: LMT) +0.4% gained as defense stocks climbed following the U.S. government’s approval of a $3 billion arms deal with Israel.
- Southwest Airlines (NYSE: LUV) -2.3% slipped after last week’s near-collision incident between one of its planes and a private aircraft on the runway at Chicago Midway Airport.
- Domino’s Pizza (NYSE: DPZ) +2.7% advanced as the pizza chain introduced its own version of stuffed crust, aiming to attract customers willing to spend more on premium menu offerings.
- Kroger (NYSE: KR) -0.9% declined after the grocery giant announced CEO Rodney McMullen’s resignation, following a board investigation that found his personal conduct inconsistent with the company’s ethics policy.
With upcoming economic data releases and geopolitical developments influencing investor sentiment, the stock market remains on high alert for further shifts in momentum.
