Stock futures were falling Monday with sentiment taking a hit Monday from comments by Treasury Secretary Scott Bessent, who over the weekend dismissed Wall Street's recent downturn.
These stocks were poised to make moves Monday:
Tesla was down 1.9% in premarket trading after shares of the electric-vehicle company closed Friday up nearly 4%. Despite the jump on Friday, Tesla ended the week lower and extended its losing streak to eight consecutive weeks, its longer ever. The shares have declined 41% over the past eight weeks. CEO Elon Musk's political activities have been partly responsible for the stock's drop.
Nvidia rose 0.7% as the chip maker's GTC AI Conference begins Monday. Announcements are expected on future versions of Nvidia's artificial-intelligence chips after the current Blackwell generation. CEO Jensen Huang's keynote speech is scheduled for Tuesday.
U.S.-listed shares of Baidu rose 1.3% in premarket trading after the Chinese search-engine provider introduced Ernie X1, a new artificial-intelligence model. Baidu claims that Ernie X1 delivers performance on par with the AI model from rival DeepSeek at only half the price.
Norwegian Cruise Line Holdings rose 3.9% to $19.94 after shares of the cruise operator were upgraded to Overweight from Neutral at J.P. Morgan. Analysts left their price target unchanged at $30, the Fly reported.
Earnings reports are expected this week from Micron Technology, FedEx, Nike, Accenture, XPeng, NIO, General Mills, Lennar, Carnival, PDD Holdings, Lululemon Athletica, Darden Restaurants, Jabil, Ollie's Bargain Outlet, Elbit Systems, HealthEquity, and Five Below.
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