By Joe Woelfel
Stock futures Monday were pointing mostly to the upside as traders awaited what could be the Federal Reserve's first interest-rate cut since 2020 later this week.
These stocks were poised to make moves Monday:
Trump Media & Technology Group, the social media business owned by former President Donald Trump, was rising 4.2% in premarket trading, extending gains from Friday when the stock jumped 12% after Trump said he wouldn't sell his stake when his lockup period expires on Sept. 20. The former president also was the target of a second apparent assassination attempt on Sunday.
Boeing rose 0.5% after slumping 3.7% following the start of a strike by the aerospace company's biggest union, which represents about 33,000 workers. Moody's Ratings last week placed all of Boeing's credit ratings on review for a possible downgrade, saying it would assess the strike's duration and impact on cash flow.
Shares of Tesla were up 0.4%. The electric-vehicle maker tweeted Saturday that it had manufactured its 100 millionth 4680 battery cell. The batteries are Tesla's larger, most advanced batteries that allow for more energy, longer range, and lower manufacturing costs.
Earnings reports are expected this week from General Mills, FedEx, Lennar, Ferguson Enterprises, Steelcase, Darden Restaurants, FactSet Research Systems, and MillerKnoll.
Write to Joe Woelfel at joseph.woelfel@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
September 16, 2024 04:55 ET (08:55 GMT)
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