Stock futures were rising Monday after equities fell sharply Friday following Israel's attack on Iranian nuclear sites and as Tehran retaliated with a barrage of missiles. Oil prices traded lower after soaring Friday.
These stocks were poised to make moves Monday:
Sarepta Therapeutics was falling 32% after suspending shipments of Elevidys for infusions in non-ambulatory patients because of the death of a second patient from acute liver failure. The patients in both cases had Duchenne muscular dystrophy and were unable to walk. Sarepta voluntarily has paused dosing in a clinical trial and was "taking immediate, decisive steps to better understand and mitigate the risk of acute liver failure, including enhancing the immunosuppressive regimen," said Louise Rodino-Klapac, Sarepta's chief scientific officer.
Big tech stocks gained in premarket trading. Tesla Motors, Advanced Micro Devices and Palantir Technologies Inc. rose 2%; Marvell Technology, SUPER MICRO COMPUTER INC, ARM Holdings, and Broadcom, Apple, NVIDIA rose 1%.
Crypto stocks shined in premarket trading as Bitcoin topped $107,000. SharpLink Gaming rose 27%; Circle rose 8%; Coinbase Global, Inc. up 3%; CleanSpark, Riot Platforms, MARA Holdings, Strategy rose 2%.
Oil stocks jumped again in premarket trading. Houston American rose 15%; US Energy rose 14%; Indonesia Energy rose 7%; Halliburton and Schlumberger rose 1%.
Chinese ADRs gained in premarket trading. Direxion Daily FTSE China Bull 3X Shares rose 4%; GDS Holdings Ltd rose 7%; WeRide Inc. rose 6%; XPeng Inc., Bilibili Inc. rose 4%; Pony AI Inc, Alibaba, JD.com rose 2%; PDD Holdings Inc, Li Auto, NIO Inc. rose 1%.
Nippon Steel Corporation's purchase of U.S. Steel was approved after the companies signed an agreement with the Trump administration that resolves national-security concerns. The pact gives the government a so-called golden share, granting it authority over U.S. Steel's production and trade matters. Nippon Steel also will make around $11 billion in new investments over the next three years and has committed build a new steel mill after 2028 that would boost the total investment to $14 billion. U.S. Steel shares were up 5.2%.
Victoria's Secret & Co gained 2.6%. Activist investor Barington Capital Group has built a stake in the lingerie retailer, saying it believes that Victoria's Secret hasn't lived up to its full potential, The Wall Street Journal reported, citing people familiar with the matter.
Home builder Lennar is scheduled to report fiscal second-quarter earnings after the closing bell Monday. Lennar was up 0.1% in premarket trading.