Stock futures were falling Monday after peace talks between the U.S. and Iran faltered and President Donald Trump threatened to blockade the Strait of Hormuz.
These stocks were making moves in premarket trading:
Goldman Sachs rose 0.3%. The investment bank is scheduled to report its first-quarter earnings on Monday after a stretch to forget for the financial sector. Shares in big banks have struggled so far this year, but they rallied off their lows last week after the U.S. and Iran agreed a cease-fire.
Industrial distributor Fastenal also is scheduled to report earnings before the opening bell Monday. Fastenal gained 1.7%.
Sandisk rose 1.6%. Nasdaq said late Friday that the flash memory product supplier would join the Nasdaq 100 before the market opens on April 20, replacing software company Atlassian.
Chevron added 2.4% and Exxon Mobil gained 2.7% as the collapse of peace talks and the threat of a blockade sparked a surge in oil prices. APA, ConocoPhillips, Diamondback Energy, EOG Resources, EQT, and Occidental Petroleum were among the other oil and gas stocks rising on Monday.
Nvidia fell 1.3% as the broader market floundered. The chip maker’s shares have been struggling to break out of their monthslong trading range due to geopolitical concerns and competition and production worries.
Ideaya Biosciences jumped 16% ahead of the release of top-line results from its ongoing Phase 2/3 trial of a melanoma treatment.
