Investing.com -- US stock futures edged higher Monday, starting the new week on a relatively positive tone ahead of a Federal Reserve policy meeting, which is expected to result in an easing of monetary conditions.
Here are some of the biggest premarket US stock movers today:
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MicroStrategy (NASDAQ:MSTR) stock rose 3.6% as investors welcomed the announcement from the Nasdaq exchange operator that the Bitcoin-focused company will be added to the Nasdaq 100 index.
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Super Micro Computer (NASDAQ:SMCI) stock fell 12%, with the information technology company set to be removed from the index.
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Tesla (NASDAQ:TSLA) stock rose 0.8% after the Wedbush Securities raised its price target for the EV manufacturer, citing accelerated progress in autonomous and artificial intelligence initiatives under a regulatory environment expected to be more favorable during the upcoming Donald Trump administration.
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Coinbase Global (NASDAQ:COIN) stock rose 1.6%, with the crypto-exchange boosted by bitcoin briefly jumping above $106,000 after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve.
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Honeywell (NASDAQ:HON) stock rose 3.2% after the conglomerate said its board is considering a potential separation of the aerospace business as it continues to review its business portfolio.
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Capri Holdings (NYSE:CPRI) stock rose 3.3% after Women’s Wear Daily reported that the company is exploring potential buyers for its Versace and Jimmy Choo brands. While discussions are in the early stages, it remains unclear whether the two brands will be sold together, separately, or at all.
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Ford (NYSE:F) stock fell 2.8% after Jefferies downgraded its stance on the auto giant to ‘underperform’ from ‘hold’, saying the stock is likely to struggle in 2025.