U.S. stock futures are moving lower after indexes soared Friday as investors look ahead to earnings from Nvidia and others later this week; Intel (INTC) shares are moving higher after the U.S. government took a 10% stake in the chipmaker; Keurig Dr. Pepper (KDP) is buying the Dutch parent of Peet’s Coffee for $18 billion before planning to separate; shares of furniture firms RH (RH), Wayfair (W) and Williams-Sonoma (WSM) are falling after President Donald Trump announces possible tariffs on furniture imports; and cryptocurrency stocks are falling as ether (ETHUSD) and bitcoin (BTCUSD) lose ground. Here’s what investors need to know today.
1. US Stock Futures Slip as Investors Look Ahead to Nvidia Earnings
U.S. stock futures are pointing lower after indexes soared Friday as investors look ahead to earnings reports from Nvidia and others later this week. Nasdaq futures are 0.3% lower after the tech-focused index gained nearly 2% Friday as Federal Reserve Chair Jerome Powell indicated that interest rates could be cut. S&P 500 and Dow Jones Industrial Average futures are down by 0.2%, with the Dow coming off its first record close of the year. The yield on the 10-year Treasury note is ticking higher. Oil futures are up. Gold futures are down.
2. Intel Stock Rises After US Government Takes 10% Stake in Chipmaker
Intel (INTC) shares are advancing about 2% in premarket trading, although paring earlier gains, after the U.S. government took a 10% stake in the struggling chipmaker. The passive ownership stake, which is worth approximately $11.1 billion, is being funded by a combination of paid and not yet paid CHIPS Act awards, Intel said. “This is a great Deal for America and, also, a great Deal for INTEL,” Trump posted on his Truth Social network Friday. Intel shares gained 5% on Friday amid a broader market rally amid anticipation of a deal after Bloomberg reported an announcement would be coming soon.
3. Keurig Dr. Pepper Buying Peet’s Coffee Parent for $18B, Then Plans to Separate
Keurig Dr. Pepper (KDP) on Monday said it has struck a deal to buy JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash, then plans to separate its coffee and beverage businesses. Keurig Dr Pepper said once its takeover of the Dutch parent of Peet’s Coffee closes, likely in the first half of 2026, it plans to separate into two U.S.-listed firms—one housing the coffee business and the other with its beverage brands, including its namesake brand, Snapple, and 7UP. Shares of Keurig Dr. Pepper are lower by more than 3% in premarket trading, while JDE Peet stock is up 17% in Amsterdam trading.
4. Furniture Stocks Move on Trump Tariffs Announcement
Stocks of several furniture makers moved in premarket trading after Trump announced “a major Tariff Investigation on Furniture coming into the United States” on his Truth Social network Friday afternoon. Shares of RH (RH), Wayfair (W), and Williams-Sonoma (WSM)—which rely heavily on furniture imports—are down roughly 8%, 7%, and 3.5%, respectively. Meanwhile, Ethan Allen Interiors (ETD) and Michigan-based La-Z-Boy (LZB), which have a larger U.S. manufacturing presence, are up 4% each. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” Trump wrote.
5. Ether Drops After Hitting Record; Bitcoin, Crypto Stocks Also Lower
Cryptocurrencies are falling, taking some crypto-related stocks down with them. After reaching a record high this weekend, ether (ETHUSD) is shedding 4.5% to trade below $4,600. Meanwhile, bitcoin (BTCUSD) is about 1.5% lower to trade at around $111,000. Shares of bitcoin buyer Strategy (MSTR) and bitcoin mining firms MARA Holdings (MARA) and Riot Platforms (RIOT) are 4% lower in premarket trading, while those of crypto brokerage Coinbase Global (COIN) are down 3%.
