Micron, Delta Air Lines fall premarket; Five Below jumps

Investing.com - Futures linked to the main U.S. indices edged down on Thursday, as global oil prices surged following a wave of attacks on crucial energy infrastructure sites around the Middle East.

By 07:22 ET (11:22 GMT), the Dow futures contract had dropped by 104 points, or 0.2%, S&P 500 futures had declined by 17 points, or 0.3%, and Nasdaq 100 futures had fallen by 92 points, or 0.4%.

Here are some of the biggest premarket U.S. stock movers today:

• Shares of Chevron and Exxon Mobil were slightly higher after Iran retaliated to strikes on a crucial gas deposit with bombardments of energy facilities across the Middle East.
• Delta Air Lines and United Airlines, two stocks sensitive to an uptick in fuel costs, ticked down, as did cruise operators Norwegian Cruise Line Holdings and Carnival.
• Micron Technology’s fiscal second-quarter revenue nearly tripled year-on-year and earnings per share rose nearly eightfold, but shares fell more than 6% in premarket trade after the chipmaker said it would spend over $25 billion on new manufacturing facilities in fiscal 2026, about $5 billion more than prior forecasts.
• Memory chip stocks like SanDisk and Western Digital were also lower, as was AI semiconductor giant Nvidia.
• Gold declined for a seventh straight day, weighing on metal mining stocks like Newmont, Agnico Eagle Mines, and Freeport-McMoRan. The yellow metal has underperformed as expectations for elevated interest rates and a firmer U.S. dollar take some shine off of bullion's appeal.
• Five Below shares rose sharply after the retailer's first-quarter net sales forecast topped expectations.