Stock futures traded mixed Monday after Anthony Fauci, the immunologist who runs the National Institute of Allergy and Infectious Disease, indicated that preliminary data about the omicron variant and the extent of coronavirus illness were encouraging.
Here are some of the top movers ahead of Monday's trading session.
1. Lucid Motors LCID | Down 17%
Shares of Lucid Motors (LCID) - Get Free Report fell after the luxury-electric-car maker said it received a subpoena from the U.S. Securities and Exchange Commission linked to a probe into its July merger with Churchill Capital.
2. Nvidia NVDA | Down 4%
Shares of chipmaker Nvidia (NVDA) - Get Free Report traded 4% lower after the Federal Trade Commission last week challenged its $40 billion takeover of U.K. chip-design company Arm, citing what it said might become anticompetitive behavior.
FTC said the combined firm would have the power to stifle competition and outbid rivals that operate data centers and driver-assistance systems in cars.
3. Coinbase COIN | Down 4.1%
4. Alibaba BABA | Up 1.3%
U.S. listed shares of Alibaba (BABA) - Get Free Report edged higher after the Chinese retail giant announced a restructuring of its e-commerce teams and appointed a new chief financial officer amid regulatory scrutiny.