Following Friday’s market rally spurred by the latest IPO debut, stock futures made a small gain.
94 points, or 0.27%, were added by futures linked to the Dow Jones Industrial Average. Nasdaq 100 futures fell by 0.1%, while S&P 500 futures increased by 0.12.
Even though Adobe reported better-than-expected quarterly results, the company slumped 1.6% in extended trade. Despite beating top- and bottom-line expectations, Lennar fell 0.6%. After-hours trading saw the recently launched Arm Holdings gain roughly 7%.
Three important GM plants in Wentzville, Missouri, the Ford Bronco and Ranger midsize truck plants in Wayne, Michigan, and the Stellantis Jepp facility in Toledo, Ohio were all shut down as a result of a United Auto Workers strike.
Stellantis increased 0.7%, while GM and Ford shares declined 1.5% and 1.7%, respectively, in premarket trade.
Source (CNBC)
