Stock futures were tumbling Monday as investors fretted about the Trump administration threatening criminal charges against the Federal Reserve and rising geopolitical tensions.
These stocks were poised to make moves:
Capital One Financial tumbled 11%, American Express dropped 5%, Bread Financial Holdings sank 11%, and Synchrony Financial tumbled 10% ahead of the opening bell after President Donald Trump called for a cap of 10% on credit-card interest rates as part of his push to ease affordability concerns. "Effective January 20, 2026 I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%," Trump wrote Friday in a post on social-media platform Truth Social.
Trump's move to curb credit-card rates also dragging down shares in big banks: JPMorgan Chase fell 2.8% and Citigroup dropped 3.8%. JPMorgan is set to kick off the fourth-quarter earnings season when it reports on Tuesday, while Citigroup's earnings are scheduled for Wednesday.
Alphabet slipped 0.7% after the Google owner unveiled a set of tools to help retailers deploy artificial-intelligence agents designed to help shoppers find their desired items, provide customer support, and let people order food at restaurants. Shares climbed 1% on Friday, lifting Alphabet's market capitalization to $3.97 trillion. The search-engine provider is bidding to become the fourth U.S. company ever to surpass $4 trillion in market value. Nvidia, Apple, and Microsoft are the three that have already hit the milestone.
Nvidia dropped 1.3% on Monday, extending a bad recent run. The chip maker's shares have fallen 1.8% over the past month as a flurry of robotics and autonomous driving announcements at the CES trade show failed to provide a catalyst.
Wal-Mart climbed 3.2% after the Nasdaq said on Friday that the retailer would become a member of the Nasdaq 100, replacing drug maker AstraZeneca in a change that will become effective before the market opens on Jan. 20. Walmart is also one of the retailers teaming up with Google on its rollout of AI-assisted shopping tools.
Akamai Technologies rose 4.3% to $91.90 after the cybersecurity and cloud-computing company was upgraded to Overweight from Underweight at Morgan Stanley and the price target was increased to $115 from $83. The analysts expect growth at Akamai to pick up because of moderating declines in delivery, stable security growth, and accelerating growth in compute, the Fly reported.
In addition to JPMorgan and Citigroup, earnings reports are expected this week from Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs, $Taiwan Semiconductor Manufacturing(TSMWF)$, BlackRock, Delta Air Lines, Bank of New York Mellon, Concentrix, H.B. Fuller, J.B. Hunt Transport Services, PNC Financial Services, and State Street.
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