U.S. stock index futures were volatile on Monday as investors proceeded with caution, weighing the potential consequences of U.S. military strikes on Iranian nuclear sites over the weekend.
Here’s a roundup of notable U.S. premarket stock movers:
- Oil stocks such as Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) gained ground, tracking a rise in crude prices. Traders remain concerned that escalating tensions between Iran, Israel, and the U.S. could disrupt global oil and gas supply routes—particularly through the vital Strait of Hormuz off Iran’s southern coast.
- Tesla (NASDAQ:TSLA) shares edged higher after the company launched its autonomous ride-hailing service for select users.
- Estée Lauder (NYSE:EL) ticked up after Deutsche Bank upgraded the stock, highlighting the company’s strategic push to diversify its revenue beyond the Chinese market.
- Circle Internet Group (NYSE:CRCL) surged over 5% following the U.S. Senate’s passage of new stablecoin regulations last week—a landmark development for the cryptocurrency sector.
- Li Auto (NASDAQ:LI) saw gains after the Chinese electric vehicle maker announced plans to launch a new SUV later this year.
- Northern Trust (NASDAQ:NTRS) rose on reports from the Wall Street Journal that Bank of New York Mellon (NYSE:BK) had approached the firm about a possible merger.
- On the downside, Compass Pathways (NASDAQ:CMPS) fell after the biotech firm reported that a late-stage trial showed its experimental psilocybin-based treatment significantly reduced symptoms of treatment-resistant depression.