US Stock Futures Edge Higher

Investing.com — US stock futures edged higher Monday, marking the start of a busy week filled with key earnings and the widely-watched monthly jobs report.

Premarket Movers

Here are some of the biggest premarket US stock movers today:

• Apple (NASDAQ:AAPL)

  • Stock rose 0.4% ahead of earnings later this week, on track to be the first company to reach $4 trillion in market capitalization according to Wedbush analysts.

• Tesla (NASDAQ:TSLA)

  • Stock rose 0.8%, building on Friday’s gains, as CEO Elon Musk announced plans to grow vehicle sales by 30% next year with a new cheaper model and self-driving software enthusiasm.

• Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX)

  • Both dropped over 2% due to oil prices slumping around 6% amidst decreased geopolitical tensions in the Middle East.

• Trump Media & Technology (NASDAQ:DJT)

  • Stock rose 6.9% as investor optimism grows concerning a potential Trump victory in the 2024 U.S. presidential election.

• GlobalFoundries (NASDAQ:GFS)

  • Stock fell 1% after Morgan Stanley downgraded its rating to ‘equal weight’ from ‘overweight’, citing expected wafer pricing pressures from competitors like TSMC and Chinese foundries.

• Philips (NYSE:PHG)

  • ADRs slumped 17% after posting a third-quarter revenue miss and a revised outlook, mainly due to weaker demand in China.

• CrowdStrike (NASDAQ:CRWD)

  • Stock rose 0.1% despite Delta Air Lines (NYSE:DAL) planning to sue the company for $500 million in damages from massive flight cancellations.

• Robinhood (NASDAQ:HOOD)

  • Stock rose 2.6% following the announcement of the launch of U.S. presidential election event contracts, allowing customers to trade based on predictions for the closely contested race.