US stock futures were falling after President Donald Trump said "tariff letters and/or deals" will be delivered to global trading partners starting Monday and threatened an additional levy on countries aligned with the Brics group -- which includes Brazil, Russia, India and China.
These stocks were poised to make moves Monday:
Shares of electric-vehicle maker Tesla declined 6.5% ahead of the open of trading. CEO Elon Musk announced Saturday he would be forming the " America Party," a new political party, just when investors thought he'd be staying out of politics following his time with the Trump's administration's Department of Government Efficiency. Musk was strongly opposed to President Donald Trump's " One Big Beautiful Bill," which was signed into law Friday.
Nvidia fell 1% in premarket trading. The maker of artificial-intelligence chips rose 1.3% on Thursday (Wall Street was closed Friday for July Fourth) to a record high of $159.34. It has risen in eight of the past nine trading sessions. Nvidia closed Thursday with a market capitalization of $3.89 trillion, according to Dow Jones Market Data, just below Apple's record-setting market cap of $3.915 on Dec. 26, 2024.
U.S.-listed shares of Shell declined 3.3% after the global energy giant warned earnings from gas trading would fall from the previous quarter because of volatile oil prices.
Netflix fell 0.8% to $1,287.50 after being downgraded to Neutral from Buy without a price target at Seaport Research Partners. The analysts cited valuation and said Netflix "needs time to execute against the expectations in advertising, aggregating, launching experiences, and expanding share again."
French IT services firm Capgemini has agreed to buy technology outsourcing company WNS for a cash payment of $3.3 billion to capitalize on their Agentic AI offerings for companies seeking to transform their business processes. WNS Holdings jumped 12.7%.
Regencell Bioscience rose 16% in premarket trading after soaring nearly 17600% this year.
BitMine Immersion Technologies fell 21.7% in premarket trading after soaring 3065% last week.
Earnings reports are expected this week from Delta Air Lines, Conagra Brands, Levi Strauss, Simply Good Foods, PriceSmart, AZZ Inc., Kura Sushi USA, and WD-40.