By Joe Woelfel

Stock futures fell Monday after President Donald Trump said the U.S. economy was going through a "period of transition" when asked over the weekend about the possibility of a recession.

These stocks were poised to make moves Monday:

DoorDash rose 5% in premarket trading after the online food-delivery company was added to the S&P 500. It will join home goods company Williams-Sonoma, World Wrestling Entertainment owner TKO Group Holdings, and natural gas producer Expand Energy in the index. The changes announced Friday by S&P Dow Jones Indices will take effect before the start of trading on March 24.

Williams-Sonoma rose 1% in premarket trading, TKO Group gained 1.8%, and Expand Energy was up 1.5%. The four companies added to the S&P 500 will replace BorgWarner, Teleflex, Celanese, and FMC.

Nvidia fell 2.3% in premarket trading after closing Friday up 1.92% at $112.69. Coming into Monday, shares of the leading maker of artificial-intelligence chips have dropped 16% in 2025. Worries over economic growth and uncertainties about Trump's trade policies overshadowed news that Nvidia provided support for the building of Foxconn's own large language model with reasoning capabilities.

Tesla declined 3.5% in premarket trading to $253.38. Shares have fallen for seven straight weeks, ever since CEO Elon Musk joined the Trump administration as part of the Department of Government Efficiency. The stock has declined about 38% since Donald Trump's inauguration on Jan. 20. Wedbush analyst Dan Ives wrote Thursday that investors will have to look past Musk-related issues. He rates the shares a Buy and has a price target of $550 on the stock.

MicroStrategy fell 7%, Coinbase Global fell 6.2%, and Robinhood Markets was down 6.6% as the crypto-linked stocks followed Bitcoin lower on disappointment over Trump's executive order to create a strategic Bitcoin reserve for the United States. The reserve will be capitalized using Bitcoin obtained through criminal and civil forfeiture proceedings, rather than government buying.

Cognizant Technology Solutions was up 3.1% after The Wall Street Journal, citing people familiar with the matter, reported activist investor Mantle Ridge has built a stake of more than $1 billion in the tech-services company, believed the shares are undervalued. Cognizant said in a statement it has been constructively engaging with Mantle Ridge, the Journal reported.

DexCom received a warning letter from the Food and Drug Administration following inspections of its facilities in San Diego and Mesa, Ariz. The diabetes devices maker said it doesn't expect a "material impact" from the warning letter to its manufacturing capacity or fiscal-year revenue guidance. The stock fell 3.4%.

Earnings reports are expected Monday from Oracle, BioNTech, and Vail Resorts.

Oracle was falling 1.5% in premarket trading ahead of fiscal third-quarter earnings from the enterprise software company. The stock has declined 6.9% this year.

Reports are expected later in the week from Adobe, Lennar, Ferguson Enterprises, Viking Holdings, Dick's Sporting Goods, Ciena, Kohl's, UiPath, SentinelOne, American Eagle Outfitters, DocuSign, Ulta Beauty, Dollar General, Rubrik, D-Wave Quantum, and Li Auto.

Write to Joe Woelfel at joseph.woelfel@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 10, 2025 05:16 ET (09:16 GMT)

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