Chevron, ConocoPhillips spike premarket; Fortive dips

Investing.com - U.S. stock futures rose Monday, as investors eyed the ramifications of an audacious U.S. strike in Venezuela.

Here are some of the biggest premarket U.S. stock movers today:

• U.S energy groups like Chevron, Baker Hughes, ConocoPhillips and ExxonMobil all surged after President Donald Trump announced a team of officials temporarily assume control over Venezuela, adding that Washington is demanding "total access" to the oil-rich Latin American nation.


• The prospect of heightened geopolitical uncertainty burnished the safe-haven appeal of gold, further giving lift to stocks exposed to the yellow metal such as Barrick Mining and Newmont.


• Shares of Nvidia were slightly higher, with the artificial intelligence darling’s CEO Jensen Huang due to deliver an address at a closely-watched tech industry event. Rival Advanced Micro Devices, whose head Lisa Su is also slated to speak, climbed as well.


• QXO spiked after the building-products provider unveiled an agreed investment of $1.2 billion from Apollo Global Management and a group of other investors.


• Global investment manager Principal Financial declined marginally after analysts at JPMorgan downgraded their rating of the stock to neutral.


• Industrial technology conglomerate Fortive shares slipped after Mizuho Securities slashed its rating to "underperform."

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