March 2, 2026
Image source: Adobe Stock
US stock futures tumbled on Monday while oil prices surged, after military strikes by the US and Israel on Iran jolted global markets.
Dow Jones Industrial Average futures (YM=F) sank 1%, or over 500 points.
Contracts on the S&P 500 (ES=F) also lost 1%, while those on the tech-heavy Nasdaq 100 (NQ=F) dived 1.4% as the escalating Middle East conflict spurred a retreat from risk assets.
The impact on oil prices, and in turn on inflation, is front of mind for investors already uneasy about the backdrop for stocks.
The S&P 500 (^GSPC) closed February in negative territory as renewed volatility in AI and software names rattled markets. Yahoo Finance reports.
🛡️ AeroVironment stock price jumps premarket as Middle East war fuels drone-defense bid
AeroVironment, Inc jumped 12.47% to $283.71 ahead of the open, with Friday’s session closing at $252.25, Investing.com data show.
U.S. stock index futures slid over 1% as investors shifted quickly into defense stocks after the weekend’s coordinated strikes by the U.S. and Israel on Iran.
Shares of Lockheed Martin and RTX jumped roughly 6% in premarket action, with Kratos up 9%.
The sector rally ran counter to the risk-off mood elsewhere. TechStock² reports.
✈️ RTX stock jumps 6% in premarket as Middle East conflict sends money into defense names
RTX Corp surged 6.6% to $215.80 in early premarket trade Monday, as investors piled into defense names following U.S. and Israeli strikes on Iran that unsettled global markets over the weekend.
That’s according to data from Yahoo Finance at 5:07 a.m. ET.
This move caught attention, running counter to the wider market’s slide. U.S. stock index futures dropped over 1%, with investors bracing for a protracted conflict and higher energy bills.
In the mix, defense names like RTX and Lockheed Martin attracted new buying. TechStock² reports.
🛢️ Chevron stock jumps in premarket as oil spikes on Hormuz disruption, Middle East strikes
Chevron shares climbed roughly 4% in U.S. premarket action Monday, buoyed by a spike in oil prices as new attacks in the Middle East hit shipping routes and stoked supply concerns.
This shift stands out, as Chevron’s cash flow is tightly linked to swings in crude and gas prices.
Markets reopened carrying a risk premium, following weekend strikes that escalated into threats targeting crucial export routes.
It comes as investors reconsider the definition of “temporary” supply outages.
Just a brief interruption in the Gulf is enough to send fuel prices and refinery margins moving, with inflation expectations following close behind. TechStock² reports.
⚔️ Kratos Defense Surges Over 10% as Other Defense Stocks Climb in Pre-Market Amid US Iran War
Defense stocks such as Kratos Defense and Security Solutions surged over 10 in premarket trading, while Lockheed Martin and RTX climbed around 6.7 and 6.6 respectively.
L3Harris Technologies and Northrop Grumman also moved higher, rising about 5.6 and 5.2 in Monday’s premarket session.
US and Israeli strikes on Iran and Tehran’s subsequent retaliation have triggered a rally in defense stocks, as investors anticipate a rise in defense spending due to the likelihood of prolonged regional instability. Benzinga reports.
🚗 XPeng's February Shock: Deliveries Tumble 50%
XPeng Inc. stock slipped in Monday’s premarket trading after the EV maker reported a sharp year-over-year drop in February deliveries.
The company delivered 15,256 vehicles in February, a steep 49.90% drop from a year earlier and a 23.76% decline from January.
In February, XPeng kicked off global deliveries of its new P7+, with the first shipment heading to 18 countries.
This milestone marks a significant step in bringing the vehicle’s intelligent, spacious driving experience to young families worldwide, the company said.
The company will also host a media event in Guangzhou on March 2, 2026, where it plans to unveil its second-generation VLA system ahead of a broader rollout later in March. Benzinga reports.
🚀 Why AMTD Digital Shares Are Trading Higher By Over 24%
Shares of AMTD Digital Inc ADR rose sharply in premarket trading after the company reported a year over year increase in FY25 revenue results.
AMTD Digital disclosed that FY25 revenue jumped 565.7% year over year to $136.1 million.
AMTD Digital shares jumped 24.4% to $2.18 in the premarket trading session.
Here are some other stocks moving in premarket trading. Benzinga reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.
1) TMDE: TMD Energy Limited
Total gain: +242.66%
2) BATL: Battalion Oil Corporation
Total gain: +86.96%
3) INDO: Indonesia Energy Corporation Limited
Total gain: +34.35%
4) RPGL: Republic Power Group Limited
Total gain: +27.14
5) HKD: AMTD Digital Inc.
Total gain: +21.71%
The closing price of the top three market percent gainers trading near or above $3 on February 27.
Stock Analysis reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) KORE: KORE Group Holdings, Inc.
Total gain: +78.64%
The company announced on February 27, 2026, that it has “entered into a definitive agreement and plan of merger (the "Agreement") under which Searchlight and Abry will acquire all of the shares of KORE's issued and outstanding common stock that are not currently owned by them in an all-cash transaction valued at approximately $726 million.” This agreement will pay shareholders $9.25 per share. Businesswire reports.
2) AAOI: Applied Optoelectronics, Inc.
Total gain: +56.88%
The company announced financial results for its fourth quarter and full year ended December 31, 2025. Globe Newswire reports.
3) CD: Chaince Digital Holdings Inc.
Total gain: +41.45%
The stock appeared to be moving on no notable news.
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
UNIT: Uniti Group
Q4 2025
Before Market Open
Estimate: -0.400
Actual: N/A
TREE: LendingTree
Q4 2025
After Market Close
Estimate: 0.710
Actual: N/A
NEXT: NextDecade
Q4 2025
Before Market Open
Estimate: -0.640
Actual: N/A
Time (ET) / Report / Period
9:45 AM - S&P final U.S. manufacturing PMI - Feb.
10:00 AM - ISM manufacturing - Feb.
“Cycles never disappear; they only get renamed.”
– Satyajit Das
Sourced in: Satyajit Das Columns – Financial Times.
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