US Stock Futures Preview

US stock futures edged higher on Monday, indicating a potential rebound on Wall Street. This follows a prior session where equities ended lower after a jobs report raised uncertainty about future Federal Reserve interest rate cuts.

By 06:31 ET (10:31 GMT), Dow futures gained 268 points (0.7%), S&P 500 futures increased by 42 points (0.8%), and Nasdaq 100 futures rose by 178 points (1.0%).

Key Movers in Premarket Trading:

• Boeing (NYSE:BA) shares surged after a tentative agreement to a 25% pay increase for its largest union, possibly preventing a strike.
• Shares in crypto-related stocks like Coinbase (NASDAQ:COIN), Cleanspark (NASDAQ:CLSK), and Marathon Digital (NASDAQ:MARA) rose, with Bitcoin continuing its upward trend for a third consecutive day.
• Palantir Technologies (NYSE:PLTR) and Dell (NYSE:DELL) climbed upon news of their inclusion in the S&P 500.
• Savara (NASDAQ:SVRA) shares surged after positive late-stage trial data related to a rare lung disease treatment.
• Summit Therapeutics (NASDAQ:SMMT) jumped over 25% following reports that its lung cancer drug showed statistically significant improvement over Merck’s Keytruda; Merck’s shares dipped.
• Terns Pharmaceuticals (NASDAQ:TERN) saw its shares rise sharply after announcing successful results from an early study of its obesity drug, TERN-601, which helped patients lose an average of 4.9% body weight while meeting safety goals.