Stock futures were falling Monday after equities surged in the previous session. The Dow Jones Industrial Average closed at a record high Friday for the first time this year as Federal Reserve Chair Jerome Powell signaled the central bank was moving closer to lowering interest rates.

These stocks were poised to make moves Monday:

Intel rose 1.9% in premarket trading. The company on Friday announced an agreement for the U.S. government to make an investment of $8.9 billion in Intel shares at $20.47 each, equaling a 9.9% stake in the chip maker. The stake, which makes the government the largest single investor in Intel, will be funded by the $5.7 billion in unpaid Chips Act grants and the $3.2 billion award from the Secure Enclave national security program. Intel said the government's investment will be passive, with no representation on its board or information rights. Intel shares closed Friday at $24.80, up 5.5%.

Wayfair fell 4.8%, Williams-Sonoma was down 5%, and RH declined 6.7% after President Donald Trump announced Friday the U.S. would be launching an investigation into tariffs on furniture imports. Wayfair, for example, imports a significant amount of its furniture from Asia. Ethan Allen Interiors, however, rose 5.5%. The company has seven plants in the U.S. and makes about 75% of its furniture in North America. La-Z-Boy, which operates manufacturing plants in Tennessee, Missouri, and Arkansas, rose 2%.

Bitcoin-buyer Strategy, formerly known as MicroStrategy, and cryptocurrency exchange Coinbase Global fell 3.9% and 2.5%, mirroring a drop in Bitcoin over the weekend.

Keurig Dr Pepper fell 2.2% after it said it would buy Amsterdam-listed coffee company JDE Peet's for $18 billion, or 31.85 euros per share ($37.30). It would be a prelude to separating into two separately listed public companies, the coffee machine maker and beverage company said Monday. JDE Peet's shares soared 17% in European trading hours.

Nvidia was up 0.4% in premarket trading. The leading maker of artificial-intelligence chips is scheduled to report quarterly earnings later this week. The stock closed Friday with a gain of 1.7% but ended the week lower, a second consecutive weekly loss. It's the longest losing streak since April 4, when Nvidia fell for three weeks in a row, according to Dow Jones Market Data. Nvidia shares have risen 33% this year.

Earnings reports are expected Monday from PDD Holdings, Heico, and Semtech.