Stock futures were falling Monday, pointing to an extension of declines after Wall Street dropped sharply Friday following a too-hot U.S. jobs report that put in doubt further interest-rate cuts from the Federal Reserve.

These stocks were poised to make moves Monday:

Chip stocks dropped in premarket trading Monday. STMicroelectronics fell 4%; Super Micro Computer, Arm, TSMC, ASML, Broadcom, Nvidia fell 3%; Micron, AMD, and Qualcomm fell 2%.

On Sunday, HSBC analyst Frank Lee adjusted the price target for Nvidia shares, bringing it down to $185 from the previous target of $195.

Tesla declined 3% after Axios reported over the weekend that the electric-vehicle company's regulatory credit sales were at risk from President-elect Donald Trump's policies.

Quantum computing stocks tumbled again in premarket trading Monday. SEALSQ Corp fell 14%; D-Wave Quantum, IONQ Inc., and Rigetti Computing fell 12%; Quantum Computing fell 7%; Quantum Corp fell 5%; Arqit Quantum fell 3%.

Meta Platforms CEO Mark Zuckerberg agreed with Nvidia CEO Jensen Huang‘s cautious outlook on quantum computing, saying that the technology remains years away from practical implementation.

Sage Therapeutics stock rose 34.23% in premarket trading. Drugmaker Biogen will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday.

Rumble shares jumped 8.9% in premarket trading Monday. Rumble inked a cloud-services agreement with El Salvador's government, under which the video platform said it will provide the country with services including cloud storage and computing.

Walgreens Boots Alliance was down 1.2% in premarket trading after shares of the drugstore chain soared nearly 28% on Friday following adjusted fiscal first-quarter earnings that topped Wall Street estimates and as the company said its turnaround was showing early progress.

Constellation Energy closed Friday with a gain of 25% after reaching an agreement to acquire privately held Calpine, creating the nation's largest independent power producer. Calpine will be bought for $16.4 billion in cash and stock. Including debt, the net purchase price of the deal was $26.6 billion. Constellation Energy was down 2.4% in premarket trading.

WD-40 reported fiscal first-quarter earnings and sales that rose from a year earlier, lifted by sales growth in the Americas region of 8% and an 18% jump across Europe, India, the Middle East, and Africa. Shares of the maintenance and cleaning products company rose 2.2% in premarket trading.