By George Glover
Stock futures were sliding on Monday, with investors on edge ahead of a slew of Big Tech earnings and a Federal Reserve interest-rate decision.
These stocks were making moves in premarket trading.
Qualcomm jumped 9.7% after tech supply chain analyst Ming-Chi Quo said that OpenAI was working with the chip maker to develop processors for a smartphone, with mass production expected to start in 2028. Shares in iPhone maker Apple slid 1.2%. Qualcomm and OpenAI didn't immediately respond to requests for comment from Barron's.
Intel rose 3.2%, extending the chip manufacturer's stellar recent rally. The stock surged 24% on Friday after Intel reported strong first-quarter earnings, notching its first record close since August 2000.
Adidas climbed 1.8% after Kenya's Sabastian Sawe won Sunday's London marathon, becoming the first competitive runner ever to complete the race in under two hours. Sawe wore Adidas sneakers -- although the $500 shoe isn't yet widely available.
Organon surged 15% to $12.96 after India's Sun Pharmaceutical Industries agreed to buy the women's healthcare company for $14 a share, in an all-cash deal with an enterprise valuation of $11.75 billion.
X-Energy rallied 16%, after the Amazon-backed nuclear reactor developer jumped 27% in its trading debut on Friday.
Domino's Pizza, Verizon Communications, Cadence Design Systems, Celestica, $Public Storage(PSA-N)$, Nucor, Rambus, Sanmina, LendingClub, Universal Health Services, Simpson Manufacturing, and Ventas are all set to report earnings on Friday.
Write to George Glover at george.glover@dowjones.com
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(END) Dow Jones Newswires
April 27, 2026 06:15 ET (10:15 GMT)
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