U.S. stock futures are pointing higher as investors look to claw back losses from Friday’s selloff; Palantir Technologies (PLTR) reports highly anticipated quarterly results after the bell today; Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) recorded a $5 billion second-quarter write-down on Kraft Heinz (KHC) stock; Amazon (AMZN) shares are in focus after plunging Friday on disappointing quarterly cloud revenue; and machinists at Boeing’s (BA) defense unit go on strike. Here’s what investors need to know today.
1. US Stock Futures Point Higher After Friday Selloff
U.S. stock futures are pushing higher as investors look to rebound from sharp losses last week in response to more tariff announcements from President Donald Trump and a weak jobs report. Nasdaq futures are higher by 0.7% after falling 2.2% Friday, while the S&P 500 and Dow Jones Industrial Average futures are higher by about 0.5% after each index declined by more than 1% to end trading last week. Bitcoin (BTCUSD) is little changed at over $114,000. The yield on the 10-year Treasury note is ticking higher. Oil futures are declining while gold futures are edging higher.
2. Palantir to Report Highly Anticipated Results After Bell
Palantir Technologies (PLTR) is scheduled to report second-quarter results after the closing bell Monday, with analysts divided on one of 2025’s hottest stocks. Shares of Palantir have more than doubled in price this year, leading the best-performing S&P 500 companies, as the company’s AI software has become a mainstay, particularly within U.S. government agencies. Analysts surveyed by Visible Alpha expect Palantir to report adjusted earnings per share of 14 cents on revenue of that increased nearly 40% year-over-year to $939.6 million. Shares of Palantir are 2% higher in premarket trading.
3. Berkshire Hathaway Reports $5B Write-Down of Kraft Heinz Stock
Berkshire Hathaway (BRK.A, BRK.B) on Saturday reported that it had recorded a nearly $5 billion second-quarter write-down of Kraft Heinz (KHC) shares. Berkshire—a conglomerate that owns companies including GEICO, BNSF Railway, and Dairy Queen and is helmed by legendary investor Warren Buffett —recorded the impairment loss after Kraft Heinz said in May that “it was evaluating potential strategic transactions to enhance shareholder value.” Berkshire reported operating earnings that slipped nearly 4% year-over-year to $11.16 billion.
4. Amazon Stock in Focus After Dropping on Disappointing Cloud Revenue
Amazon (AMZN) shares are in focus to start the week after plunging 8% Friday as quarterly results from the e-commerce and cloud provider failed to impress investors. While the company posted nearly 18% revenue growth in its Amazon Web Services cloud business, rivals Microsoft (MSFT) and Google parent Alphabet (GOOGL) each recently reported cloud revenue growth that exceeded 30%. Following the results, analysts at Jefferies said that AWS growth was “disappointing” given the momentum at Microsoft and Google. Amazon shares are 1.5% higher in early trading.
5. Boeing Defense Unit Machinists Go on Strike
Around 3,200 workers in Boeing’s (BA) St. Louis-area defense facilities went on strike early Monday after rejecting a four-year labor agreement with the aircraft maker. The strike follows a larger work stoppage last year, when approximately 33,000 machinists in the company’s Pacific Northwest facilities went on strike for nearly two months. The new work stoppage comes days after Boeing posted better-than-expected sales and slashed losses as deliveries increased. Boeing shares are edging lower in premarket trading.
