Can anything shut down the Gold rally?
Investing.com - U.S. stock futures ticked higher on Monday, with investors maintaining their expectations for upcoming interest-rate cuts this month despite an ongoing U.S. government shutdown.
Here are some of the biggest premarket U.S. stock movers today:
- Shares of Critical Metals Corp. (NASDAQ:CRML) soared by more than 75% in premarket trading on Monday amid media reports around a potential Trump administration investment in the group. The White House has held talks about taking an equity stake in Critical Metals, the company developing Greenland’s Tanbreez rare earth deposit, Reuters reported on Friday, citing people familiar with the matter.
- Cryptocurrency-exposed stocks rallied as Bitcoin, the world’s largest digital token, spiked to another all-time high over the weekend, topping $125,000 on Sunday. Coinbase Global (NASDAQ:COIN), CleanSpark (NASDAQ:CLSK), Strategy (NASDAQ:MSTR), Riot Platforms (NASDAQ:RIOT) and Marathon Digital Holdings (NASDAQ:MARA) were among the names who rose.
- Advanced Micro Devices (NASDAQ:AMD) surged by more than 20%, bolstering the broader semiconductor sector, following news that it had signed a deal with ChatGPT-maker OpenAI that some estimates said could lead to tens of billions of dollars worth of revenue.
- Micron Technology (NASDAQ:MU) shares gained over 3% after analysts at Morgan Stanley upgraded their rating of the chipmaker to "overweight" from "equal-weight," citing expectations that the company will roll out multiple quarters of double-digit price hikes.
- Ford Motor (NYSE:F) inched up by 0.6% after Jefferies lifted its rating of the carmaker to "hold" from "underperform," even as the situation around tariffs and production subsidies remains "fluid."
- Fifth Third Bancorp (NASDAQ:FITB) has agreed to purchase Comerica (NYSE:CMA) for around $10.9 billion in stock, in a transaction that will create the ninth-largest U.S. bank. Fifth Third shares dipped following the announcement, while Comerica surged by over 12%.
- Tesla (NASDAQ:TSLA) shares were higher by more than 2% after the electric car giant released teasers for an October 7 event where it is expected to reveal a new product.