Magellan Health, FLIR Systems, Brookfield Property Partners, ViewRay and Pandion Therapeutics are five top stock gainers for Monday.

Stock futures fall, a day after the S&P 500 records its best session in three months; Peloton reports earnings; J.C. Penney is rescued by its mall landlords.

J.C. Penney reportedly is close to accepting a $1.75 billion bid from Sycamore Partners that will allow the department store chain to emerge from Chapter 11.

J.C. Penney, the storied department store chain that filed under bankruptcy law in May, is cutting 1,000 staffers and closing 152 stores.

Stock futures point to a fourth straight day of gains for Wall Street; Oracle misses revenue estimates; Southwest to keep its middle seats open; J.C. Penney begins liquidation sales.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.