U.S. equity futures advanced Monday, buoyed by gains in bank and technology shares. S&P 500 contracts were up 0.4%, Nasdaq 100 futures rose 0.6% and Russell 2000 futures added 0.5% in early New York trading. Large lenders rallied after all major institutions cleared the Federal Reserve’s annual stress tests, paving the way for bigger capital distributions. Goldman Sachs gained 2.7%, Wells Fargo rose 2.4% and Bank of America added 1.2%, while JPMorgan Chase, Citigroup and Morgan Stanley also ticked higher. Meta Platforms climbed about 2% as the company sought roughly $29 billion from private-equity firms to finance a network of U.S. artificial-intelligence data centers, according to people familiar with the discussions. Hewlett Packard Enterprise jumped 15% and Juniper Networks rose 8% after the U.S. Department of Justice settled its lawsuit challenging HPE’s planned $14 billion purchase of Juniper. Moderna added 2% after late-stage trial results for its experimental flu vaccine showed a positive immune response.
Monday Morning's Stocks on the Move Gainers: $HPE $GMS $MGNI $JOBY $BE Losers: $FTV $CHE $RGC $NXT $ENPH https://t.co/spFr93kxWU
US bank stocks climb after stress tests signal bigger capital payouts @seekingalpha $GS adding 165pts to DJIA futures this morning https://t.co/gjgTWPy4YC
#Stocks making the biggest moves premarket: Meta, Moderna, Hewlett Packard Enterprise, Juniper Networks and more