Intel, Constellation Energy, and Trump Media Rise in Premarket Trading; GM and Nike Decline

US stock futures experienced slight gains on Monday as they consolidated near record highs in anticipation of comments from several Federal Reserve officials and important inflation data.

Here are some of the notable premarket movers in the US stock market today:

• Intel: The stock rose 4% following reports that Apollo Global Management has proposed an investment of up to $5 billion in the struggling chipmaker.

• General Motors: Shares fell 2.1% after Bernstein downgraded its rating on the automaker from "outperform" to "market-perform," citing concerns that the company may announce additional capital requirements during its upcoming October Capital Markets Day.

• Constellation Energy: The stock climbed 3% after the energy company finalized a power deal with Microsoft aimed at reviving a unit of the Three Mile Island nuclear plant in Pennsylvania, marking a potential historic first restart.

• Nike: Shares dropped 1.4% after JPMorgan revised its earnings estimates downward ahead of Nike’s first-quarter results and lowered its price target from $83 to $80.

• Boeing: The stock increased by 0.2%, recovering slightly after recent losses, although Jefferies warned that the current strike could impact the aerospace giant’s plane deliveries, reducing their forecast to 422 from 480.

• Taiwan Semiconductor Manufacturing: The stock also rose 0.2% after reports indicated that the chipmaker is in discussions with Samsung about establishing chip factories in the UAE.

• Trump Media & Technology Group: Shares edged up 0.5%, bouncing back after hitting an all-time low on Friday, coinciding with the first trading day that major shareholder Donald Trump could sell his shares.