U.S. stock index futures declined on Monday as crude oil prices surged following fresh U.S. military strikes against Iranian targets in the Persian Gulf, reigniting concerns over supply disruptions through the Strait of Hormuz.
S&P 500 futures fell 0.15% to 7,701, while Dow Jones Industrial Average futures slipped 0.19% to 53,484. Nasdaq 100 futures were little changed at 29,506.
Tenax Therapeutics led premarket gainers, rising 3.8% after presenting additional data from its Phase 3 LEVEL trial of TNX-103 at the European Society of Cardiology Congress in Munich on August 29. The trial showed a favorable treatment effect in patients with lower baseline exercise capacity, with benefits increasing alongside disease severity. The data supports a regulatory pathway for treating pulmonary hypertension associated with heart failure with preserved ejection fraction, a condition currently lacking approved therapies.
Snap advanced 4.1% to $5.65, partially recovering from a 9% drop on August 26 after Pennsylvania’s attorney general filed a civil lawsuit alleging the company’s features encourage compulsive use among minors.
Miniso slid 6.2% to $9.69, extending losses after reporting second-quarter results on August 28. Earnings per share came in at negative 0.94 yuan, missing consensus expectations of positive 1.95 yuan. Revenue totaled 5.75 billion yuan, below the 5.81 billion yuan estimate. Management attributed the shortfall to weaker overseas operations, with international markets accounting for just 10% to 15% of profit in the first half of 2026, down from 35% to 40% in 2023. Distributor revenue across Asia and Latin America declined 10%, while North American same-store sales suffered from product launch delays and shortages.
Antelope Enterprise Holdings surged 65.6% after disclosing an $18.99 million private placement alongside warrants. The company also continues its Bitcoin treasury strategy under the "Genius Plan" and filed a $200 million mixed-securities shelf registration.
Pinterest shares fell 2.2% as Chief Financial Officer Julia Brau Donnelly announced her resignation to pursue another opportunity. She will remain with the company until October 30 to assist with the transition, with the company stating her departure was unrelated to any operational disagreements.
