Barclays: Retail buyers likely drove the latest leg of the rally
Investing.com -- U.S. stock futures edged higher Monday, rebounding after sharp monthly losses as investors awaited the latest tariff announcements from President Donald Trump ahead of key employment data.
Here are some of the biggest premarket US stock movers today:
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Coinbase (NASDAQ:COIN) stock soared 9.1%, MicroStrategy (NASDAQ:MSTR) gained over 12% and Riot Platforms (NASDAQ:RIOT) climbed 10% as cryptocurrency-exposed stocks benefited from a rebound in Bitcoin after President Donald Trump spoke over the weekend about his plan for a strategic crypto reserve.
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Tesla (NASDAQ:TSLA) stock rose 3.4% after Morgan Stanley (NYSE:MS) reinstated the EV manufacturer as its ’Top Pick’ in U.S. autos, saying its shares are down nearly 30% year-to-date, resulting in a compelling entry point.
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Nvidia (NASDAQ:NVDA) stock fell 0.3% despite the Wall Street Journal reporting that Chinese buyers are ordering the tech giant’s cutting-edge artificial intelligence semiconductors, evading U.S. chip export rules.
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Rtx Corp (NYSE:RTX) added 2.3% and Lockheed Martin (NYSE:LMT) climbed 0.4%, as defence stocks gained as result of the U.S. approving a $3 billion arms deal to Israel.
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Southwest Airlines (NYSE:LUV) stock fell 2.3% in the wake of the near collision with a private plane on the runway at Chicago Midway Airport last week.
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Domino’s Pizza (NYSE:DPZ) stock rose 2.7% after the pizza chain released its own version of stuffed crust, aiming to win over the customers who are willing to spend more on the pricey customization.
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Kroger (NYSE:KR) stock fell 0.9% after the grocer said Chief Executive Officer Rodney McMullen has resigned after a board investigation found that his personal conduct was inconsistent with its "policy on business ethics".