US stock futures were rising Monday with investors hopeful that the government shutdown was nearing an end.
These stocks were poised to make moves Monday:
Nvidia jumped 3.6% in the premarket session. Shares of the artificial-intelligence chip maker ended last week down 7%, the stock's worst weekly performance since mid-April, according to Dow Jones Market Data. Nvidia, like other big tech stocks, has been struggling as investors worry about stretched valuations.
Another AI stock that had a tough week was Palantir, which dropped 11%. Palantir, which sells AI software to manage and analyze large amounts of data, rose 3.6% before the open of trading.
Shares of electric-vehicle maker Tesla gained 2.5%. The stock declined 3.7% on Friday, a day after shareholders approved a pay package for CEO Elon Musk that could be worth more than $1 trillion if performance incentives are met. Meanwhile, Siddhant Awasthi, Tesla's head of the Cybertruck program, announced Sunday on LinkedIn that he was leaving the company after starting more than eight years as an intern.
Metsera plummeted 16% to $70.22 in premarket trading after Pfizer agreed to buy the weight-loss drug start-up for up to $86.25 a share. The deal, which could be worth more than $10 billion, has Pfizer paying $65.60 a share in cash for Metsera and a contingent value right entitling holders to additional payments of up to $20.65 a share in cash. Metsera's board said Pfizer's revised bid for the company represents "the best transaction for shareholders, both from the perspective of value and certainty of closing." Pfizer's deal bested Danish drugmaker Novo Nordisk's bid for Metsera, which has a pipeline of weight-loss medicines. Pfizer gained , and Novo Nordisk's American depositary receipts rose 1.6%.
Boeing gained 1.2%. The Federal Aviation Administration ordered all MD-11 planes temporarily grounded after a crash last week of a United Parcel Service cargo jet in Louisville, Ky., killed at least 14 people. UPS, up 0.3% in premarket trading, said was grounding its MD-11 fleet "out of an abundance of caution and in the interest of safety." FedEx, up 0.4%, said it was doing the same. The MD-11 is a three-engine, twin-aisle jet built by McDonnell Douglas, which merged with Boeing in 1997. Production of the plane ceased in 2000.
Visa rose 0.5% and Mastercard added 0.2% after The Wall Street Journal, citing people familiar with the matter, reported the credit-card giants were nearing a settlement with merchants that would end a longtime legal dispute by lowering fees stores pay and giving them more power to reject certain credit cards. A deal could be announced soon, the people told the Journal, and to take effect would require court approval.
Earnings reports are expected Monday from Barrick Mining, CoreWeave, Occidental Petroleum, Paramount Skydance, Rocket Lab, AST SpaceMobile, eToro, Venture Global, and Tyson Foods.
CoreWeave rose 4.5% in premarket trading. The artificial-intelligence cloud service provider, which mainly leases data centers filled with chips from Nvidia, is scheduled to report third-quarter earnings after the close of trading Monday. Analysts expect CoreWeave to post a loss of 40 cents a share on revenue of $1.26 billion.
Reports are expected later in the week from Cisco Systems, Walt Disney, Applied Materials, Nebius, Oklo, Fermi, JD.com, Sea Ltd., Transdigm, Flutter Entertainment, Circle Internet, GlobalFoundries, and Quantum Computing.