The Futures for the Dow Jones Industrial Average have increased by 16 points, or 0.1%, following a 289-point, or 0.8%, decline last Friday. The S&P 500 has also seen a gain of 0.1%, while contracts tracking the tech-heavy Nasdaq have risen by 0.1%.
Key Stock Updates
Here are the latest updates on some notable stocks:
GM (ticker: GM)
- Pre-market trading shows a 0.50% increase to $34.12.
- Stellantis (STLA), the owner of Jeep, has fallen by 0.94% to $19.07 due to the impact of the United Auto Workers strike at three car plants.
- Ford (F) is up by 0.08% to $12.62.
- Tesla (TSLA) has experienced a slight decline of 0.04% to $274.25.
- Negotiations between the car makers and the union have resumed over the weekend, showing reasonable productivity.
Arm Holdings (ARM)
- After a successful trading debut last week, shares in chip-design company Arm Holdings have fallen by 1.35% to $59.95.
- Other chip makers have seen mixed results:
- Nvidia (NVDA) is down 0.14% to $438.50.
- Intel (INTC) has risen by 0.13% to $37.93.
- U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSM) have experienced a slight decline of 0.07% to $89.19.
Chevron (CVX)
- Chevron has seen an increase of 0.24% to $166.90.
- The oil major has announced that its natural gas plant in Australia, previously affected by worker strikes, has returned to full production.
- The Wheatstone plant, along with its nearby Gorgon facility, is responsible for approximately 5% of the world’s liquid natural gas production. It had suffered a fault last week.
- Rival company Exxon (XOM) has also experienced a 0.35% increase to $117.11.
Upcoming Quarterly Earnings Reports
Several companies are scheduled to report their quarterly earnings in the coming days:
- Stitch Fix (SFIX) will report after the closing bell on Monday.
- Reports are also expected from FedEx (FDX), General Mills (GIS), AutoZone (AZO), KB Home (KBH), and Darden Restaurants (DRI) later in the week.
