Stock futures were rising Monday, with the
and
indexes coming off their best week of gains since early November.
rose 5.9% after CEO Elon Musk made a surprise visit over the weekend to China, where he pushed to unlock new driver-assistance technology for Chinese
owners. Chinese officials told Tesla that Beijing tentatively has approved the company’s plan to launch its “Full Self-Driving,” or FSD, software feature in the country, The Wall Street Journal reported, citing people familiar with the matter. Tesla will deploy its autonomous-driving technology based on mapping and navigation functions provided by China’s
Baidu
,
the people told the Journal.
was down 0.4% to $171.19 in premarket trading. The parent company of Google rose 10% Friday and closed with a market cap of $2.13 trillion, the first time it has closed with a valuation above $2 trillion.
became only the fourth U.S. company in history to hit the milestone. Spurring the gains were better-than-expected earnings and a well-received new capital allocation plan, including the company’s first dividend.
The Federal Deposit Insurance Corp. said
subsidiary, Fulton Bank, would assume the deposits of struggling lender
which operated 32 bank branches in Pennsylvania, New Jersey and New York under the name Republic Bank. Fulton, rising 8.9% in premarket trading, bought
through an auction run by the FDIC after Pennsylvania state banking regulators seized the troubled regional bank. Republic First Bancorp is the first U.S. bank failure this year.
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Earnings reports are expected Monday from
Chegg
,
and
F5
.
was rising 2.8% ahead of its first-quarter earnings report, scheduled for before the stock market opens Monday. Analysts expect the financial-technology company to report earnings of 1 cent a share on revenue of $55 million.
Reports are expected later in the week from
Apple
,
McDonald
’s
,
PayPal
,
3M
,
Qualcomm
,
Pfizer
,
Moderna
,
DoorDash
,
Zillow
,
Fastly
,
DuPont
,
eBay
,
Amgen
,
Block
,
and
Hershey
.
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Write to Joe Woelfel at joseph.woelfel@barrons.com
