Stock futures declined Monday and oil prices surged following Hamas’s surprise attack on Israel over the weekend. Bond markets in the U.S. were closed for Columbus Day.Exxon Mobil rose 2.3%, Chevron gained 2%, and U.S.-listed shares of Shell were up 1% after the jump in oil prices. Futures for West Texas Intermediate crude, the U.S. benchmark, were rising 2.6% to $84.97 a barrel. Traders were watching how the conflict affects oil production in the Middle East.
Shares of Mirati Therapeutics fell 1.7% to $59.20 after the oncology developer reached an agreement to be acquired by Bristol Myers Squibb for $58 a share in cash. Mirati stockholders also will receive one non-tradeable contingent value right per share, potentially worth $12 a share in cash. The deal is valued at a total of $5.8 billion. Bristol Myers fell 0.4%.
Walt Disney fell 0.7% in premarket trading to $82.37. The Wall Street Journal reported that Nelson Peltz’s Trian Fund Management was pushing for multiple seats on the board of the entertainment giant. Peltz himself will be seeking a seat, the Journal reported, citing people familiar with the matter. Trian is one of Disney’s largest investors with a stake worth upward of $2.5 billion. Disney shares have fallen 4.5% this year.
Lockheed Martin rose 5.3% after the defense and aerospace company’s board on Friday approved the expansion of Lockheed ‘s stock repurchase program by $6 billion, and the company raised its quarterly dividend to $3.15 a share from $3. Data-center company Applied Digital is scheduled to report quarterly earnings on Monday. Reports are expected later in the week from JPMorgan Chase , Citigroup , Wells Fargo , UnitedHealth , PepsiCo , Delta Air Lines , Fastenal , Walgreens Boots Alliance , and Domino’s Pizza .
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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