The United Auto Workers strike at three car plants was having a mixed reaction on auto stocks, while chip design company Arm holdings lost some of Friday's...
Futures for the Dow Jones Industrial Average increased 16 points, or 0.1%, after the index fell 289 points, or 0.8%, last Friday. The S&P 500 gained 0.1% with contracts tracking the tech-heavy Nasdaq up 0.1%.GM was up 0.50% to $34.12 in premarket trading and Jeep owner Stellantis fell 0.94% to $19.07 as the impact from the United Auto Workers strike at three car plants played out. Ford was up 0.08% to $12.62 and Tesla was down 0.04% to $274.25.
Shares in chip-design company Arm Holdings fell 1.35% to $59.95 after its successful trading debut at the end of last week, with the stock most likely still finding its level. Other chip makers were mixed: Nvidia was down 0.14% to $438.50; Intel rose 0.13% to $37.93; and U.S.-listed shares of Taiwan Semiconductor Manufacturing fell 0.07% to $89.19.
Chevron was up 0.24% to $166.90 after the oil major said its natural gas plant in Australia, hit by worker strikes, has returned to full production. Its Wheatstone plant, together with its nearby Gorgon facility produces around 5% of the world’s liquid natural gas and had suffered a fault last week. Rival Exxon was up 0.35% to $117.11.
Stitch Fix is scheduled to report quarterly earnings after the closing bell Monday. Reports are expected later in the week from FedEx , General Mills , AutoZone , KB Home , and Darden Restaurants .
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