In the pre-market trading session, several stocks showed notable movements. On Semiconductor ($ON) experienced a decline of 8% after reporting earnings per share (EPS) of $0.95, missing expectations by $0.02, and revenue of $1.73 billion, which fell short by $30 million. McDonald's ($MCD) saw a 2.4% increase despite its U.S. comparable sales missing expectations, with an EPS of $2.83 that was $0.03 below consensus, and revenue of $6.39 billion, missing by $90 million. Other stocks that gained included Nucor ($NUE) with a 9% rise, Cleveland-Cliffs ($CLF) up 8.5%, and United States Steel ($X) increasing by 4%, amid news that former President Trump plans to impose a 25% tariff on steel and aluminum imports. Additionally, BP, Tesla, and Meta Platforms were among the stocks making significant moves in the market.