Stocks moving in premarket trading Monday include Square, General Electric, Xpeng, NIO and Parker-Hannifin.

The latest Consumer Price Index report showed inflation rising at its fastest pace since August 2008, driven by supply chain backups and extreme demand as economies begin recovering from the pandemic.

General Electric's 1-fo-8 reverse stock split will reduce the industrial group's outstanding shares from around 8.8 billion to 1.1 billion at the start of trading Monday.

Parker-Hannifin to buy U.K.-based Meggitt for £6.3 billion ($8.8 billion) amid a rebound in aerospace demand.

Square could narrow the gap with its larger rival, PayPal, following a surprise $29 billion takeover of Australia's Afterpay.

Foot Locker announces plans to spend about $1.1 billion in cash to buy two different retailers as it looks to expand its footprint outside of shopping malls.

With nearly two-thirds of the S&P 500 reporting June quarter earnings, collective profits are set to rise 89.8% from last year to a share-weighted $432.4 billion.

Solid corporate earnings lift equities as Wall Street begins the first trading of August; Square will buy Afterpay for $29 billion; Parker-Hannifin to buy U.K.'s Meggitt for $8.8 billion.