S&P 500 Futures Up in Premarket Trading; Darden Restaurants, Mobileye Global Lead
S&P 500 futures were up in premarket trading on Monday, indicating a higher open for the stock market.
The S&P 500 futures contract rose 0.3% to 4,138.00.
The Dow Jones Industrial Average futures contract gained 0.2% to 34,545.00.
The Nasdaq 100 futures contract advanced 0.4% to 12,520.00.
Darden Restaurants, Mobileye Global Lead
Shares of Darden Restaurants (DRI) rose 2.5% in premarket trading after the company reported better-than-expected earnings for its fiscal third quarter.
Darden reported earnings per share of $1.78, beating the consensus estimate of $1.72.
Revenue came in at $2.6 billion, above the consensus estimate of $2.58 billion.
Shares of Mobileye Global (MBLY) gained 1.8% in premarket trading after the company announced a partnership with Ford Motor Company (F).
Under the partnership, Mobileye will supply Ford with its self-driving software and technology.
Mobileye is a leading provider of self-driving technology, and this partnership could help Ford accelerate its development of autonomous vehicles.
Other Notable Movers
Other notable movers in premarket trading included:
- Tyson Foods (TSN): -0.8%
- PayPal (PYPL): +0.6%
- Tesla (TSLA): +0.4%
- Amazon (AMZN): +0.3%
- Alphabet (GOOGL): +0.2%
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