U.S. stock futures were higher Monday morning as traders continued to price in the unfolding U.S.-Israeli assault on Iran, now entering its third week. By 07:07 ET (11:07 GMT), the Dow futures contract was up 225 points, or 0.5%. The S&P 500 futures had risen roughly 46 points, or 0.7%, and Nasdaq 100 futures had gained about 198 points, or 0.8%.
Several individual names stood out ahead of the cash open as market participants reacted to company-specific developments and broader commodity moves.
Meta moved higher in premarket trading after reports indicated the company is weighing large-scale layoffs affecting more than a fifth of its workforce as it increases spending on artificial intelligence infrastructure. The headline sent shares up before U.S. markets opened.
Sable Offshore posted a sharp premarket advance of more than 6.4% after Energy Secretary Chris Wright directed the company to resume operations at the Santa Ynez Unit and the Santa Ynez Pipeline System in California. That operational directive was a clear catalyst for the stock's move.
Major oil producers Chevron and Exxon Mobil traded slightly higher amid choppy moves in crude markets, reflecting ongoing volatility in energy prices as geopolitical developments continued to unfold.
Nvidia shares ticked up in early trading as market participants awaited a keynote speech from CEO Jensen Huang at the semiconductor group's annual developers conference. The event is a focal point for investors watching artificial intelligence hardware leaders.
Shares of CF Industries slipped in premarket action after analysts at Scotiabank flagged the stock's valuation as looking "overstretched," pointing to a rally in fertilizer-related equities since the start of the Iran conflict.
Overall, the premarket session reflected a mix of geopolitically driven risk sentiment and company-level news, with technology, energy, and fertilizer-linked names showing some of the clearest early movement.
- Market context: Futures were higher as investors absorbed an extension of a U.S.-Israeli military campaign in the Middle East.
- Notable movers: Meta, Sable Offshore, Chevron, Exxon Mobil, Nvidia, CF Industries.
- Sectors impacted: Technology (AI hardware and software), energy (oil production and pipelines), and agricultural chemicals (fertilizers).