Stock futures declined modestly Friday as Wall Street was back in action following the Juneteenth holiday and after President Donald Trump said he would decide within two weeks whether the U.S. would directly get involved in the Israel-Iran conflict.

These stocks were poised to make moves Friday:

Tesla Motors rose 1.2% in premarket trading, two days before the company's expected launch of its robotaxi service. Democratic lawmakers in Texas have called for Tesla to delay the launch. Two state senators and five state representatives signed a letter addressed to Tesla's director of field quality, Eddie Gates. They asked the electric-vehicle company to delay the robotaxi launch until Sept. 1, when a new self-driving safety law is set to take effect in Texas. Tesla's tentative plan is to begin robotaxi operations in Austin on Sunday, according to CEO Elon Musk.

Crypto stocks jumped in premarket trading on Friday. Circle Internet Corp. shares jumped another 9% after soaring 544% this month. SRM Entertainment, Inc. rose 6%; SharpLink Gaming rose 5%; TeraWulf Inc. rose 4%; Canaan Inc., MARA Holdings, and Riot Platforms rose 2%; Strategy up 1%.

Shares of GMS Inc. jumped 24% following a report from The Wall Street Journal that said Home Depot has made an offer for the building-products distributor. The exact price Home Depot privately has discussed paying for GMS couldn't be determined, the Journal said. Home Depot's bid follows a proposal from QXO to acquire the GMS for $95.20 a share. QXO said late Wednesday the proposal implies a total value of $5 billion and is a 27% premium over GMS's 60-day volume-weighted average price of $74.82. Home Depot fell 1% in premarket trading, while QXO Inc rose 3%.

Coinbase was up 1% in premarket trading after the cryptocurrency exchange closed up 16% on Wednesday after the Senate passed the Genius Act, a bill to regulate stablecoins, which are most often are pegged to the dollar and backed by reserves. The company introduced Coinbase Payments, which it described as a "stablecoin payments stack designed for commerce platforms." Circle Internet Group was up 12% to $222.65 after soaring 34% on Wednesday. Analysts at Seaport Research initiated coverage of Circle, the stablecoin issuer, with a Buy rating and price target of $235.

Smith And Wesson Brands Inc declined 14% after the gunmaker reported weaker-than-expected fiscal fourth-quarter adjusted earnings as revenue fell 12% to $140.8 million and missed analysts' expectations of $152.4 million. "Fourth quarter proved more difficult than we anticipated largely due to macroeconomic and industry trends," said CEO and President Mark Smith, adding the company continued to see consumers generally being cautious when buying firearms market "due to macro-economic factors pressuring discretionary spending."

Microsoft plans to lay off several thousand employees within weeks. The software giant will cut thousands of jobs in its sales department and other teams from July, although the number isn't final, The Wall Street Journal reported, citing people familiar with the matter. Microsoft slipped 0.3% in premarket trading.