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US Futures Trend Higher Monday Following Worst Week in 3 Months
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US Futures Trend Higher Monday Following Worst Week in 3 Months
Jul 22, 2024 5:21 AM

08:10 AM EDT, 07/22/2024 (MT Newswires) -- US stock futures are rising in Monday's premarket session after the markets registered their worst week in three months as investors dumped tech stocks in favor of small-cap companies.

The Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures were rising 0.6%, and Nasdaq futures were moving 0.9% higher.

Oil prices were heading lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.6% and 0.7% respectively.

In equities, shares of Tellurian (TELL) soared past 65% in Monday's premarket session after the company said Sunday that it has agreed to be acquired by Woodside Energy Group in an all-cash transaction worth approximately $900 million. Castellum's (CTM) shares jumped 42% after it said Monday that it has signed a new strategic alliance with Krilla Kaleiwahea. Shares of Serve Robotics ( SERV ) advanced 40% after soaring 187% on Friday.

On the losing side, shares of Holdco Nuvo Group (NUVO) tumbled almost 29%, adding to a nearly 4% loss on Friday. MBIA's ( MBI ) shares dropped 9% after losing 5% the previous session. Shares of Ryanair ( RYAOF ) fell 14% after it reported lower fiscal Q1 2025 earnings and revenue that also missed analyst expectations.

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