Stock futures traded mostly lower on Monday as Wall Street braced for a busy earnings week. Four of the Magnificent Seven -- Microsoft, Meta Platforms, Amazon.com, and Apple -- are set to report their latest financial results on Wednesday. Crucial economic data on growth, inflation, and jobs are also due this week.

These stocks were poised to make moves Monday:

Tesla Motors was up 1.5%. Shares of the electric vehicle maker closed above their 50-day moving average on Friday. Tesla reported earnings on Tuesday evening, and despite a disappointing first-quarter print the stock gained after CEO Elon Musk said he would spend less time in Washington, D.C., and more time at Tesla headquarters. A positive reaction to earnings has brought $300 into play, said ChartSmarter founder and market technician Douglas Busch, who sees a "decent chance" the stock can rise as high as $360.

Domino's Pizza fell 4.4% on a mixed first-quarter print. The fast-food pizza chain posted revenue of $1.1 billion, narrowly missing the $1.3 billion analysts expected, according to FactSet. Earnings of $4.33 a share topped the $4.06 a share Wall Street was anticipating. The company didn't provide an outlook for 2025. While inflation and recession fears have caused restaurant stocks to waver as of late, Domino's large international exposure has made it a safer bet than domestically centered U.S. chains.

NVIDIA was down 1.4%. Shares fell on a report that Huawei Technologies has developed a new chip called the Ascend 910D, hoping it would be more powerful than Nvidia's H100. The artificial intelligence giant's market in China was already set to shrink after the Trump administration said it would impose license requirements on future sales of its H20 accelerators, which were specifically designed to meet U.S. sanctions on Chinese AI exports. The stock closed up 4.3% on Friday.

Spirit AeroSystems rose 2.6% after finalizing a deal to transfer some of its assets to Airbus. These include a plant in North Carolina where Spirit makes a crucial part of the fuselage for the A350 jet, and a plant in Northern Ireland that makes carbon-fiber wings for the A220. Airbus said it would also acquire the production of wing components for the A320 and A350 in Scotland. The aerospace and defense company will be compensated $439 million for taking on the production work.

U.S.-listed shares of Merck up 0.3%. The German drugmaker said it had finalized a deal to buy U.S. pharmaceutical company SpringWorks for $47 a share in cash, or roughly $3.9 billion. Merck said the planned acquisition will immediately add revenue and is expected to be accretive to 2027 earnings. SpringWorks specializes in the treatment of rare diseases including desmoid tumors, which are soft tissue growths that cannot spread throughout the body.