Intel, ServiceNow, Chevron, Strategy, and More Stocks That Explain Today's Market

Dow Jones
3小时前

Stock futures were falling to start the week and end the month after the U.S. launched its first strikes against Iran in weeks. The odds of an interest-rate rate hike in September also continued to rise after Federal Reserve Chairman Kevin Warsh's Jackson Hole speech last week.

These stocks were moving in premarket trading Monday:

Oil stocks were among the biggest gainers as Brent crude prices jumped 3% to above $91 a barrel after the U.S. attacked two Iranian rocket launchers in the Strait of Hormuz on Sunday. Halliburton rose 2.4%, while Valero Energy, Phillips 66 and Chevron each rose around 2%. Exxon Mobil climbed 1.6%.

Software stocks looked set to struggle after rallying last week and throughout August. ServiceNow fell 2%, while Oracle, Salesforce and Palantir each declined around 1%. The iShares Expanded Tech-Software Sector $(IGV)$ exchange-traded fund has jumped 16% this month.

Semiconductor names were on track for gains to end what's been a more challenging August. Intel rose 1.3%, the most actively traded stock ahead of the open, while Nvidia rose 0.6%. The iShares Semiconductor ETF (SOXX) slipped more than 3% on Friday and has gained just 0.7% in August.

BioMarin Pharmaceutical rose 5% after the company announced it will receive 20% royalties from Denmark's Ascendis Pharma on sales of yuviwel, a drug to boost lineae growth in children with achondroplasia, the most common form of dwarfism.

Strategy rose more than 2% after a 7% drop Friday as Bitcoin rebounded to $78,500 early Monday from around $77,500 at the end of last week's stock market trading.

 

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