U.S. stock futures were modestly lower on Monday as traders prepared for a week that includes important economic releases and additional corporate earnings reports. Market participants were focused on a slate of company-specific developments that produced notable premarket moves across healthcare, retail, semiconductors and financial services.
Major premarket movers
Novo Nordisk (NYSE:NVO) jumped 5.7% in premarket trading. The gain followed legal and regulatory pressure surrounding a newly launched competitor product - developments that prompted the rival telehealth company to withdraw its offering.
Hims Hers Health (NYSE:HIMS) plunged 20% after announcing it had pulled its newly launched $49 compounded weight-loss pill over the weekend. The company withdrew the product following pressure from both Novo Nordisk and the U.S. Food and Drug Administration.
Kroger (NYSE:KR) climbed 5.3% after a report said the grocery chain selected former Walmart executive Greg Foran as its chief executive, roughly a year after Rodney McMullen was ousted.
Dynatrace (NYSE:DT) surged 13% after the AI-focused software firm posted third-quarter fiscal 2026 results that beat expectations and raised its full-year guidance.
Micron Technology (NASDAQ:MU) retreated 2.9% after reports indicated Samsung Electronics will commence mass production of next-generation high-bandwidth memory chips this month, increasing competition in the high-bandwidth memory market.
Eli Lilly (NYSE:LLY) rose 1.8% after announcing plans to acquire therapy developer Orna Therapeutics for up to $2.4 billion in cash.
Apollo Global Management (NYSE:APO) increased 4.3% after reporting a 13% rise in fourth-quarter profit, driven by fresh client inflows and robust debt origination.
Cleveland-Cliffs (NYSE:CLF) dropped 3.7% despite reporting a narrower-than-expected fourth-quarter loss; the company's revenue missed analyst expectations amid weak automotive production.
STMicroelectronics (NYSE:STM) ADRs gained 6.5% after the chipmaker expanded a strategic partnership with Amazon Web Services, a move investors viewed as increasing the firm's exposure to data center and cloud infrastructure markets.
Nexxen (NASDAQ:NEXN) jumped 16% following a Sky News report that the advertising technology firm had attracted takeover interest.
Li Auto (NASDAQ:LI) fell 3.1% after JPMorgan downgraded the Chinese automaker to "underweight" from "neutral," citing expectations that new EV models from other carmakers will pressure Li Auto's sales this year.
SoFi Technologies (NASDAQ:SOFI) gained 3% after Citizens upgraded the online personal finance company to "market outperform" from "market perform," noting the stock had fallen about 20% year-to-date.
These moves reflect a mix of regulatory and competitive pressures, leadership changes, earnings beats and downgrades. The day’s activity highlighted how company-specific news can drive significant intraday volatility even as broader market indicators remain subdued.
Investors continue to weigh upcoming macroeconomic releases and more corporate results due later in the week as they reassess sector exposures and company valuations.