By Joe Woelfel and Elsa Ohlen
Stock futures were rising Monday, paring losses after Friday's weaker-than-expected jobs report seemed to boost the odds of the Federal Reserve cutting interest rates in September.
These stocks were poised to make moves Monday:
Class B shares of Berkshire Hathaway were down 0.7% in premarket trading following second-quarter operating profit after taxes at Warren Buffett's conglomerate fell 4% from a year earlier to $11.2 billion. The period included foreign-exchange losses of $877 million related to Berkshire Hathaway's non-U. S. dollar debt. Earnings would have risen from a year earlier if the noncash loss was excluded. The company didn't buy back any shares in the second quarter and hasn't repurchased stock since May 2024. Berkshire Hathaway's cash balance on June 30 declined to $344 billion from about $348 billion at the end of March.
Earnings are expected Monday from Palantir Technologies, Vertex Pharmaceuticals, Axon Enterprise, Diamondback Energy, ON Semiconductor, Tyson Foods, Hims & Hers Health, and BioNTech.
Palantir stock was rising 2.2% in premarket trading ahead of second-quarter earnings scheduled for after the closing bell from the data-analytics company.
ON Semiconductor shares were falling 1.8% in the premarket. The maker of chips for vehicles and industrial processors is due to post second-quarter earnings Monday morning. Shares of its peer Skyworks Solutions were up 2.6% ahead of quarterly earnings scheduled for Tuesday.
Tesla stock climbed 0.9% ahead of the opening bell Monday, paring losses from the previous trading session. Shares of the electric-vehicle maker had slipped Friday following controversy around its self-driving cars and a Miami jury ordering $329 million in damages for a fatal crash involving its Autopilot driver-assistance product in 2019.
Reports are expected later in the week from Advanced Micro Devices, Caterpillar, Amgen, Arista Networks, Pfizer, BP, Novo Nordisk, McDonald's, Walt Disney, Uber Technologies, Shopify, AppLovin, DoorDash, Airbnb, Eli Lilly, Gilead Sciences, Constellation Energy, Vistra, and Tempus AI.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Elsa Ohlen at elsa.ohlen@barrons.com
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August 04, 2025 05:33 ET (09:33 GMT)
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