NIO, Novavax, Lockheed, Yandex, First Horizon: What to Watch When the Stock Market Opens Today

NIO, Novavax, Lockheed, Yandex, First Horizon: What to Watch When the Stock Market Opens Today

Stock futures fell, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia. Here’s what we’re watching in Monday’s trading:

NIO shares added 1% premarket. The electric-vehicle maker plans to list shares in Hong Kong, joining other Chinese businesses pursuing an additional listing outside New York amid the threat of being forced off American exchanges.

Defense stocks were ticking higher ahead of the bell, as European nations have signaled a new push to build up their military strength and to send aid to Ukraine. Northrop Grumman climbed 6.2%, Lockheed Martin gained 5.2%, L3Harris Technologies rose 4.5% and Raytheon Technologies added 5.5%.

Yandex ,  a search-engine company that provides services in Russia, Ukraine and other countries in the region, plunged 21% premarket.

U.S.-traded shares of BP dropped 7.2% premarket. The British energy giant said Sunday it will exit its nearly 20% stake in Russian government-controlled oil producer Rosneft , days