Stocks move premarket as Nvidia falls and Robinhood, Novartis rise
U.S. stock futures slip as Treasury yields pressure chipmakers and boost energy See the premarket movers driving September trading, from Nvidia to Robinhood
U.S. stock futures pointed to a mixed start to September as higher Treasury yields weighed on chipmakers and supported energy shares. Nvidia, AMD and Micron each fell more than 1%, while the VanEck Semiconductor ETF also declined.
Energy stocks rose alongside oil prices amid ongoing Middle East tensions. The State Street Energy Select Sector SPDR ETF climbed more than 1%, with EOG Resources, Diamondback Energy and Targa Resources all moving higher.
Several individual stocks also posted notable premarket moves. Robinhood gained after Morgan Stanley upgraded the online brokerage, Novartis rose on positive multiple sclerosis trial results, Duolingo advanced after an Evercore upgrade, and Medtronic climbed after raising its fiscal 2027 outlook.