Jonathan Kitchen
Stock futures were mixed in the premarket hours of Monday as investors braced for high-stakes U.S.-China trade talks and inflation data that could set the tone for markets this week.
Here are some of Monday’s biggest stock movers:
Biggest stock gainers
- IonQ (NYSE:IONQ) +3% – Shares rose after the company announced a definitive agreement to acquire Oxford Ionics in a $1.075B deal, comprising $1.065B in IonQ stock and $10M in cash (subject to customary adjustments). The combined company aims to build systems with 256 physical qubits at 99.99% accuracy by 2026, scale to over 10,000 qubits at 99.99999% accuracy by 2027, and reach 2 million qubits with ultra-high logical accuracy (99.9999999999%) by 2030. The deal follows IonQ’s recent momentum, including its acquisitions of Lightsynq and the pending acquisition of Capella.
- Joby Aviation (NYSE:JOBY) and Archer Aviation (NYSE:ACHR) +11% – Air mobility stocks extended gains Monday after President Donald Trump signed an executive order to boost American development, commercialization, and export of drones. The order also establishes an electric Vertical Takeoff and Landing (eVTOL) integration pilot program to accelerate deployment of vertical operations in the U.S., selecting at least five pilot projects for use cases like cargo transport and medical response. Other movers included Vertical Aerospace (NYSE:EVTL) +9% and Blade Air Mobility (NASDAQ:BLDE) +2.4%.