Premarket movers: Micron, Forte Biosciences, ExxonMobil and Baker Hughes
U.S. stock futures: premarket movers rise on chip gains and deal news See who’s moving before the open as energy slips and quantum stocks jump
U.S. stock futures were moving alongside a mixed premarket session on Monday as several companies saw notable price swings before the opening bell.
Memory chip stocks gained after Shanghaibased CXMT made a strong public market debut, lifting sentiment across the sector. Micron Technology rose 2.5%, while SK Hynix and SanDisk also posted gains.
Energy shares fell after the U.S. and Iran agreed to pause attacks against each other for now, which pushed oil prices lower. Chevron and ExxonMobil each declined, while APA, Devon Energy and Diamondback Energy also moved down.
Forte Biosciences jumped after announcing a $2.2 billion cash acquisition by Argenx. Baker Hughes advanced after reporting strongerthanexpected quarterly results and revenue. DWave Quantum rose after announcing a partnership with AT&T, adding to gains in other quantum computing stocks.