Boeing, crypto-exposed stocks, Savara surge premarket

Investing.com -- US stock futures edged higher on Monday, pointing to a rebound on Wall Street after equities ended the prior session lower following an August jobs report that left traders uncertain about the size of potential Federal Reserve interest rate cuts.

By 06:31 ET (10:31 GMT), the Dow futures contract had gained 268 points or 0.7%, S&P 500 futures had increased by 42 points or 0.8%, and Nasdaq 100 futures had risen by 178 points or 1.0%.

Here are some of the biggest premarket US stock movers:

• Shares in Boeing (NYSE:BA) jumped in premarket US trading on Monday after it tentatively agreed to a 25% pay increase for its biggest union, possibly averting a damaging strike that threatens to heap further pressure on the embattled planemaker.
• Shares in crypto-related stocks like digital coin exchange Coinbase (NASDAQ:COIN) and crypto miners Cleanspark (NASDAQ:CLSK) and Marathon Digital (NASDAQ:MARA) advanced prior to the opening bell. Bitcoin, the world's most well-known digital token, gained on Monday, extending its drive higher into a third-consecutive day.
• Palantir Technologies (NYSE:PLTR) and Dell (NYSE:DELL) both climbed on news that both of the firms will be joining the benchmark S&P 500.
• Savara (NASDAQ:SVRA) surged following the release of data from a late-stage trial of the drug developer's investigative treatment for patients suffering from a rare lung disease.
• Summit Therapeutics (NASDAQ:SMMT) spiked by more than 25% after the company unveiled fresh data showing that its lung cancer drug showed "statistically signficant improvement" in progression-free survival compared to Merck's Keytrude, Bloomberg News reported. Shares in Merck (NYSE:MRK) dropped.
• Shares in Terns Pharmaceuticals (NASDAQ:TERN) rose sharply after it announced that its experimental oral obesity drug, TERN-601, helped patients in an early stage study lose weight by an average of 4.9%. The treatment also met the study's main goals of safety and tolerability, according to the group.