U.S. stock futures slipped Monday as oil prices climbed following U.S. military strikes on Iranian targets in the Persian Gulf, while a hawkish tone from Federal Reserve officials reinforced caution among investors.
The S&P 500 futures fell 0.15% to 7,701, the Dow Jones Industrial Average futures declined 0.19% to 53,484, and the Nasdaq 100 futures remained nearly flat at 29,506.
Tenax Therapeutics rose 3.8% in premarket trading after presenting additional Phase 3 LEVEL study data for its oral levosimendan drug, TNX-103, at the European Society of Cardiology Congress in Munich. The data showed a favorable treatment effect in patients with lower baseline exercise capacity, with benefits increasing alongside disease severity. The findings support the drug’s regulatory case for treating heart failure-associated pulmonary hypertension with preserved ejection fraction, a condition for which no approved therapies currently exist.
Snap advanced 4.1% to $5.65 after a steep decline the prior week, when shares fell about 9% following a civil lawsuit filed by Pennsylvania’s Attorney General. The lawsuit alleges that Snapchat’s features, including disappearing messages, infinite scrolling, and restorable Snapstreaks, encourage compulsive usage among minors.
Miniso dropped 6.2% to $9.69, extending losses after reporting second-quarter results that missed expectations. Earnings per share came in at negative 0.94 yuan, well below the consensus forecast of positive 1.95 yuan, while revenue totaled 5.75 billion yuan, short of the 5.81 billion yuan estimate. International markets contributed just 10% to 15% of profit in the first half of 2026, down sharply from 35% to 40% in 2023. Distributor revenue in Asia and Latin America fell 10%, and North American same-store sales were hurt by delays in intellectual property product launches and limited availability of popular items.
Antelope Enterprise Holdings surged 65.6% after disclosing a restricted-efforts equity raise of $18.99 million alongside warrants. The company has pursued a Bitcoin reserve strategy under its "Genius Plan" and registered a mixed shelf offering valued at $200 million.
Pinterest fell 2.2% after Chief Financial Officer Julia Brau Donnelly announced her resignation to pursue another opportunity. She will remain at the company until October 30 to assist with the transition, and the filing stated her departure is unrelated to any operational or accounting disputes.
