Futures for the Dow Jones Industrial Average increased 16 points, or 0.1%, after the index fell 289 points, or 0.8%, last Friday. The S&P 500 gained 0.1% with contracts tracking the tech-heavy Nasdaq up 0.1%.
These stocks were poised to make moves Monday:
GM
(ticker: GM) was up 0.50% to $34.12 in premarket trading and Jeep owner
Stellantis
(STLA) fell 0.94% to $19.07 as the impact from the United Auto Workers strike at three car plants played out.
Ford
(F) was up 0.08% to $12.62 and
Tesla
(TSLA) was down 0.04% to $274.25. Negotiations between the car makers and the union resumed over the weekend, which were reasonably productive.
Shares in chip-design company
Arm Holdings
(ARM) fell 1.35% to $59.95 after its successful trading debut at the end of last week, with the stock most likely still finding its level. Other chip makers were mixed:
Nvidia
(NVDA) was down 0.14% to $438.50;
Intel
(INTC) rose 0.13% to $37.93; and U.S.-listed shares of
Taiwan Semiconductor Manufacturing
(TSM) fell 0.07% to $89.19.
Chevron
(CVX) was up 0.24% to $166.90 after the oil major said its natural gas plant in Australia, hit by worker strikes, has returned to full production. Its Wheatstone plant, together with its nearby Gorgon facility produces around 5% of the world’s liquid natural gas and had suffered a fault last week. Rival
Exxon
(XOM) was up 0.35% to $117.11.
Stitch Fix
(SFIX) is scheduled to report quarterly earnings after the closing bell Monday. Reports are expected later in the week from
FedEx
(FDX),
General Mills
(GIS),
AutoZone
(AZO),
KB Home
(KBH), and
Darden Restaurants
(DRI).
Write to Rupert Steiner at [email protected]
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