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Novo Nordisk, Kroger, Eli Lilly Rise as Micron Falls in Premarket Trading

Investing.com •
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U.S. stock futures traded slightly lower Monday morning as investors positioned ahead of key economic data and corporate earnings reports. Novo Nordisk shares surged 5.7% after Hims Hers Health withdrew its $49 compounded weight-loss pill following legal pressure from the Danish drugmaker and the FDA. Kroger stock climbed 5.3% after reports indicated the grocery chain appointed former Walmart executive Greg Foran as CEO.

Dynatrace shares jumped 13% following better-than-expected third-quarter fiscal 2026 results and an upward revision to full-year guidance. Apollo Global Management gained 4.3% after reporting a 13% rise in fourth-quarter profit driven by fresh client inflows and strong debt origination. STMicroelectronics ADRs rose 6.5% on news of an expanded strategic partnership with Amazon Web Services, boosting investor optimism about its exposure to data center and cloud infrastructure markets.

Micron Technology shares fell 2.9% after reports indicated Samsung Electronics will begin mass production of next-generation high-bandwidth memory chips this month, intensifying competition in the high-bandwidth memory chip market. Cleveland-Cliffs stock declined 3.7% despite a narrower-than-expected fourth-quarter loss, as revenue missed analyst expectations amid weak automotive production levels. Li Auto shares dropped 3.1% following a JPMorgan downgrade to 'underweight' from 'neutral,' citing pressure from new EV models from five other carmakers.