Trade tensions weigh on US stocks, Tesla leads the way before the market opens.

In pre-market trading on Monday, Tesla led the "seven giants" stocks and US stock index futures lower, as global trade tensions and geopolitical uncertainties weakened market risk appetite. Among the "seven giants": Tesla fell 2.1%, Google's parent company Alphabet rose 1.3%, while Nvidia, Meta, Amazon, Apple, and Microsoft all fell by less than 1%. S&P 500 index and Nasdaq 100 index futures edged down by about 0.5%. The Bloomberg "seven giants" index has fallen by 4.3% so far this year, after surging 67% in 2024.