U.S. Stock Futures Climb Ahead of Fed Meeting; Tesla, Meta, and Roku Shine in Premarket
U.S. stock futures rose slightly on Monday, signaling a recovery from last week’s declines driven by geopolitical uncertainties. Market participants found some optimism as attention shifts to this week’s Federal Reserve policy decisions, with investors focusing on potential interest rate clarity.
Key Premarket Movers
Here are the standout U.S. stocks drawing attention before the market opens:
Meta Platforms (NASDAQ:META)
+0.7%
Investor excitement surged after Meta announced a substantial $14.8 billion investment in Scale AI and the recruitment of its CEO, indicating the company’s growing ambitions in the artificial intelligence field.
Tesla (NASDAQ:TSLA)
+1.7%
Tesla gained further traction as reports surfaced that U.S. regulators might ease restrictions on autonomous vehicles, paving the way for enhancements in the automaker’s self-driving technology.
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Eli Lilly (NYSE:LLY)
+0.7%
The pharmaceutical leader revealed its plans to release higher doses of its popular weight-loss drug Zepbound via its LillyDirect platform, increasing accessibility and consumer engagement.
Roku (NASDAQ:ROKU)
+8.9%
Roku’s stock skyrocketed after it announced an exclusive partnership with Amazon Ads, establishing the largest authenticated CTV presence across the U.S. This strategic collaboration is likely to draw high-intent advertisers.
Victoriaโs Secret (NYSE:VSCO)
+3.3%
The company’s stock soared following news that Barington Capital is initiating a board overhaul campaign to oppose the lingerie brand’s shareholder rights plan.
Sarepta Therapeutics (NASDAQ:SRPT)
-40%
The biotech companyโs share prices plummeted after a second death linked to its muscular dystrophy gene therapy was reported, leading to sharp investor concerns.
United States Steel (NYSE:X)
+5.1%
U.S. Steel improved its performance following clearance from former President Donald Trump for a partnership with Japan’s Nippon Steel, potentially reshaping the international steel trade.
ReNew Energy (NASDAQ:RNW)
+3.4%
The Indian renewable energy company surpassed Q4 earnings expectations, supporting confidence in the country’s renewable growth trajectory.
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Celsius Holdings (NASDAQ:CELH)
+3.7%
Celsius climbed in value after TD Cowen upgraded its stock to โBuy,โ citing renewed optimism in its growth trajectory.
Market Outlook
As the market awaits direction from the Federal Reserve, investor attention remains split between inflation, interest rates, and rapid developments in artificial intelligence and autonomous technologies. Anticipate increased volatility this week as central banks across the globe announce their policies.