Morning Movers: Energy stocks higher amid U.S.-Iran tensions

Stock futures declined Monday as escalating tensions with Iran, including the seizure of an Iranian-flagged cargo ship and renewed threats from President Trump, raised concerns ahead of an expiring ceasefire. Iran’s refusal to participate in peace talks further heightened geopolitical uncertainty and weighed on market sentiment.

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In pre-market trading, S&P 500 futures declined 0.37%, Nasdaq 100 futures lost 0.32% and Dow futures fell 0.42%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.  

HIGHER – 

• Energy stocks moved higher as U.S.-Iran tensions flared up over the weekend, with Chevron (CVX) up 1%
• Marvell (MRVL) up 6% after The Information said that Google (GOOGL) is in talks with the company to develop two new chips that will focus on running AI models more efficiently
• TopBuild (BLD) up 20% after QXO (QXO) announced plans to buy the company for $17B, or $505 per share
• USA Rare Earth (USAR) up 8% after agreeing to buy Brazil’s Serra Verde Group in a cash-and-stock transaction
• MP Materials (MP) up 3% after Wedbush initiated the stock with an Outperform rating
• Nektar Therapeutics (NKTR) up 17% after results from a blinded 16-week treatment extension period showed positive response in its Phase 2b Rezolve-AA study
• Psychedelic-related stocks rose after President Donald Trump signed an executive order to expedite research and access to the substances used outside the U.S to treat post-traumatic stress disorder, with AtaiBeckley (ATAI) up 25%

DOWN AFTER EARNINGS – 

• Cleveland-Cliffs (CLF) down 1%
• Dynex Capital (DX) down 2%
• Nano-X Imaging (NNOX), down 11%

LOWER – 

• AST SpaceMobile (ASTS) down 13% after Blue Origin’s flagship New Glenn rocket failed to correctly place a satellite made by the company in its intended orbit
• American Airlines (AAL) and Carnival (CCL) led airline and cruise operators lower, down 3% and 2%, as the prospects of fuel prices staying at elevated levels weigh on sentiment
• Avis Budget (CAR) down 3% after Barclays downgraded the stock to Underweight
• Fermi (FRMI) down 20% after the company said its CEO and CFO have stepped down
• Doximity (DOCS) down 3% after Truist downgraded the stock to Hold