U.S. stock futures are trading lower this morning amid a cautious market sentiment, driven by renewed geopolitical tensions between the U.S. and Iran. This uncertainty has pushed oil prices higher while causing global equities to soften.
Stocks to Watch
- Exxon Mobil Corporation: Leading gains among energy majors as oil prices surge. Other energy shares including Chevron Corporation, Halliburton Company, and Occidental Petroleum Corporation are also trading higher in the pre-market.
- Micron Technology, Inc.: The company is expanding its capital spending to meet surging demand for AI memory, signaling continued strong growth in the artificial intelligence sector.
- Generac Holdings Inc.: Shares are gaining as the company benefits from AI data center growth, with plans to significantly expand its capacity to meet rising demand for backup power.
- Science Applications International Corporation: The company reports earnings before the market opens today, with options markets implying a potential stock move of over 10%.
Looking ahead, with no major U.S. economic data scheduled for today, investors will focus on any commentary from Federal Reserve officials and Friday's key payrolls report for further direction.