US Stock Futures Update

US stock futures edged higher on Monday, signaling a start to a pivotal week featuring a closely contested presidential election, a Federal Reserve policy meeting, and numerous corporate earnings announcements.

Major Movers in Premarket Trading

• Nvidia (NASDAQ: NVDA) rose 1.5% after being announced to replace Intel (NASDAQ: INTC) in the Dow Jones Industrial Average, while Intel shares fell 1.6%.
• Trump Media & Technology (NASDAQ: DJT) saw a 7.6% decline as investors reevaluated Donald Trump's electability.
• Marriott International (NASDAQ: MAR) dropped 2.3% following a reduction in its annual profit forecast due to weak travel demand in the U.S. and China.
• Boeing (NYSE: BA) declined 0.1% as its factory workers on the West Coast prepare to vote on a new contract deal that might conclude a seven-week strike, allowing jet production to resume.
• Roblox (NYSE: RBLX) increased by 3.3% after Morgan Stanley upgraded its rating to 'overweight' from 'equal weight', suggesting shares could more than double.
• Phunware (NASDAQ: PHUN) fell 11% after announcing the resignation of CFO Troy Reisner, creating uncertainty for the company.
• Sherwin-Williams (NYSE: SHW) gained 4.6% after being included in the Dow Jones Industrial Average.
• Viking Therapeutics (NASDAQ: VKTX) rose 5.4% following promising data from a Phase 1 trial of its oral weight-loss drug.