Investing.com - U.S. stock futures edged lower on Monday, as investors eyed a barrage of headlines from Trump and focused in on a slate of corporate earnings and central bank announcements this week.
Here are some of the biggest U.S. premarket stock movers today:
- Trump’s announcement of new 100% tariffs on movies produced outside the U.S. weighed on shares in Netflix (NASDAQ:NFLX), Walt Disney (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD).
- Class B shares in Berkshire Hathaway (NYSE:BRKb) (NYSE:BRKa) were slightly lower after the investment conglomerate posted a 14% drop in first-quarter operating earnings versus the prior year to $9.64 billion, due in large part to insurance losses linked to devastating wildfires in California. CEO and legendary investor Warren Buffett also announced that he would stepping aside at the end of the year, with Vice Chairman Greg Abel due to succeed him.
- Shares in oil majors like Phillips 66 (NYSE:PSX), Exxon Mobil (NYSE:XOM), and Chevron (NYSE:CVX) pointed lower. The moves come after the Organization of the Petroleum Exporting Countries and its allies -- a group known as OPEC+ that makes up a bulk of global oil production -- agreed to raise output by 411,000 barrels per day from June during a meeting over the weekend.
- Amazon (NASDAQ:AMZN) shares ticked down, leading other so-called "Magnificent Seven" mega-cap technology stocks lower. Chipmaker Nvidia (NASDAQ:NVDA), Facebook-owner Meta Platforms (NASDAQ:META), software giant Microsoft (NASDAQ:MSFT), iPhone-maker Apple (NASDAQ:AAPL), Google-parent Alphabet (NASDAQ:GOOGL), and electric carmaker Tesla (NASDAQ:TSLA) also dipped prior to the opening bell on Wall Street.
- Spotify (NYSE:SPOT) shares dropped after analysts at Phillip Securities slashed their recommendation for the music streaming service to "reduce" from "neutral."
- Hims Hers Health (NYSE:HIMS) shares rose ahead of the telehealth group’s anticipated earnings release after the close of U.S. markets.
- Shares in Newmont (NYSE:NEM), the world’s largest gold miner, climbed, mirroring an uptick in the price in the yellow metal. Gold was bolstered in part by a weaker dollar, which can help make bullion more attractive to overseas buyers.