U.S. stock index futures inched up on Monday, ahead of a crucial deadline on tariffs on top trade partners and a data-packed week that could throw light on the health of the world's largest economy.

Market Snapshot

At 7:40 a.m. ET, Dow e-minis were up 149 points, or 0.34%, U.S. S&P 500 E-minis were up 29 points, or 0.49% and Nasdaq 100 E-minis were up 149 points, or 0.71%.

Pre-Market Movers

Tesla - Tesla rose 3.2% in premarket trading. The stock rose 3.9% on Friday and snapped a six-session losing streak. February was Tesla’s second-worst month ever, falling 28%. Tesla CEO Elon Musk, in a post on X over the weekend, said he believesTesla’s profit can rise 1,000%in the coming five years, adding that it “will require outstanding execution.” Meanwhile, Morgan Stanley’s Jonas named struggling Tesla a top pick, saw nearly 50% comeback.

Intel - Intel shares jumped 5.4% in premarket trading. Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

Crypto Stocks - Strategy jumped 12.7%, MARA Holdings gained 10.7%, Riot Platforms rose 9.7%, and Coinbase was up 9.3% as the cryptocurrency-linked stocks followed Bitcoin higher after President Donald Trump said the world’s largest crypto, along with Ethereum, Ripple, Solana, and Cardano would be part of aCrypto Strategic Reserve. In a post Truth Social post, Trump said his executive order would “move forward on a Crypto Strategic Reserve that includes XRP, SOL and ADA. I will make sure the U.S. is the Crypto Capital of the World.” He later added Bitcoin, which has risen 7.6% to $92,664 over the past 24 hours, and Ethereum in a follow-up post.

NIO, XPeng Inc., Li Auto - U.S.-listed shares of NIO were down 3.9%, XPeng fell 4.6%, and Li Auto dropped 8.5% even as the three Chinese electric-vehicle makers delivered almost 70,000 vehicles in February, up 112% year over year. NIO’s deliveries jumped 62% last month from a year earlier, XPeng’s deliveries soared 570% to 30,453, boosted by sales of its relatively new P7+ and MONA MO3 models, and Li Auto’s deliveries rose 30%. The sales jumps show that demand for electric cars in China, the world’s second-largest economy, remains strong and is a positive for any EV maker, including Tesla. The U.S. electric-vehicle company, however, has been struggling amid fierce competition.

Nvidia - Nvidia was falling 0.3%. The Wall Street Journal reported that Chinese buyershave been circumventing U.S. export controlsto order the company’s latest artificial-intelligence chips despite the restrictions.

Super Micro Computer - Super Micro Computer rose 0.7%. The maker of artificial-intelligence servers said Friday it will bebuilding its third campus in California’s Silicon Valley. Plans call for the campus, with construction expected to start this year, to be nearly 3 million square feet. The expansion, Super Micro said, would accelerate production of liquid-cooled services for data center, and create new jobs.

Sunnova Energy - Sunnova Energy shares plunged 50% in premarket trading. The company issued a warning Monday about its working capital. It said its unrestricted cash, cash flows from operating activities and availability and commitments under existing financing agreements aren't sufficient to meet obligations and fund operations for a period at least one year from the date it issued its financial statements without implementing additional measures.

Southwest Airlines - Southwest Airlines fell 2.5%. Analysts at J.P. Morgan downgraded shares of the airline to Underweight from Neutral. They left their price target unchanged at $25.

Chipotle Mexican Grill - Chipotle Mexican Grill was rising 2.6% after the restaurant chain was upgraded to Overweight from Equal Weight at Morgan Stanley and the price target was boosted to from $65.

U.S. Defense Stocks - U.S. defense stocks rose in premarket trading Monday on Israel Arms deal, Europe's plan to boost defense spending. RTX Corp, General Dynamics, Lockheed Martin, and AeroVironment rose about 2%.

Market News

Trump Announces Strategic Crypto Reserve Including Bitcoin, Solana, XRP and More

US president Donald Trump announced the creation of a “strategic crypto reserve” that will include bitcoin, ether, XRP, Solana's SOL token and Cardano’s ADA, in a post on Truth Social.

This is the first time Trump has specified his support for a crypto “reserve” versus a “stockpile.”

Many crypto investors feel strongly that a crypto reserve should hold only bitcoin, while some reject the idea of a reserve holding digital assets altogether.

Trump Heads Toward Tariff Barrage on Canada, Mexico, China

President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to reshape the US economy, tap new revenues and upend ties with the biggest US trading partners.

The long-promised tariffs scheduled to take effect Tuesday would easily be among the most sweeping of the Trump era, applying to roughly $1.5 trillion in annual imports. They would put a 25% tariff on all imports from Canada and Mexico, except Canadian energy, which would face a 10% rate. He has also said he’ll double a tariff on China to 20%.

The tariffs may yet be delayed — the Canada and Mexico measures were already stalled once — but any reprieve could prove temporary, with a host of other Trump levies due in April. Trump says the tariffs are a tool to bring the neighboring nations to heel on securing the borders from migrants and drugs, particularly fentanyl.