Stock Market Today: Live Updates

Gold futures fell on Monday, their fastest decline in three sessions.

Bullion prices hit a low of $2,344.70 an ounce early Monday, the lowest price since April 15th. The VanEck Gold Miners ETF (GDX) also had its worst day since February 13th..

— Brian Evans, Nick Wells

These are some of the stocks that will make notable moves before the bell on Monday.

• Li Auto, Tesla — The electric car makers fell more than 7% and 3%, respectively, following price cut announcements. U.S. shares of Chinese electric car makers Nio and Xpeng fell in tandem.
• Verizon — The telecom giant rose 1.5% as its earnings per share beat expectations and its full-year guidance was confirmed.
• Hut 8 — Shares rose 2.6% after Benchmark initiated coverage of a buy rating on the data center operator.

See the complete list here.

— Alex Harring

Shares of telecom giant Verizon rose 2% in pre-market trading after the company reported lower-than-expected subscriber numbers in the first quarter.

Verizon’s first-quarter earnings beat Wall Street expectations, reporting earnings per share of $1.15 excluding items. Analysts polled by FactSet expected it to be $1.12. Verizon’s first quarter revenue came in at his $33 billion, slightly below expectations for his $33.32 billion.

— Brian Evans

European stock markets opened higher on Monday, with the benchmark Stoxx 600 index up 0.5% by 8:05 a.m. London time.

Britain’s FTSE 100 index rose 1.1%, France’s CAC40 index rose 0.5% and Germany’s DAX index rose 0.7%.

On Monday, prices for risky assets rose while safe-haven prices fell as concerns about broader Middle East conflict receded.

Bitcoin rose 1.56% to trade at $65,713.97, according to Coin Metrics, as most Asian stock markets rose, led by Hong Kong’s Hang Seng Index.

The Japanese yen, considered a safe-haven asset, edged lower to 154.7 yen, and spot gold fell 0.87% to $2,369.58 an ounce.

Oil prices, which had initially soared following news of Israel’s attack on Iran, have also fallen. Brent crude oil futures were trading 0.73% lower at $86.65 on Monday, while U.S. West Texas Intermediate futures were trading 0.84% ​​lower at $82.44.

— Lim Huijie

The People’s Bank of China on Monday kept the one-year and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively.

The 1-year LPR is considered the benchmark for most household and business loans, and the 5-year LPR is the benchmark for most property mortgages.

The decision was in line with a Reuters poll that predicted both interest rates would remain unchanged.

China’s CSI300 index rose 1.9% last week.

— Shreyashi Sanyal

Electric vehicle giant Tesla has lowered the prices of its cars globally after first-quarter deliveries fell for the first time in about four years.

Reuters reported that the company has lowered the starting price of the Model 3 in China by 14,000 yuan to 231,900 yuan ($32,000).

In Germany, Reuters reported that the price of the rear-wheel drive Model 3 had been cut to 40,990 euros ($43,670.75) from 42,990 euros since February.

A check by CNBC found that sites in China and Germany were reflecting the latest prices.

A Tesla spokesperson told Reuters there were also price cuts in many other countries in Europe, the Middle East and Africa.

— Lim Huijie, Reuters

Bitcoin prices were little changed Sunday night, hovering around $65,000.

This is close to the level the largest cryptocurrency was on Friday before the so-called “halving” that reduced rewards to miners and delayed the issuance of Bitcoin.

Bitcoin prices have risen during previous halvings, but some experts say the cryptocurrency has the potential for a short-term decline.

— Jesse Pound, Tanaya Machel

Three major futures stocks rose as New York trading opened at 6 p.m. Dow futures rose 100 points at one point.

— Jesse Pound

Here are the key averages after Friday’s tech market decline:

• On Friday, the S&P 500 fell 0.88%, marking its sixth consecutive negative session.
• The S&P 500 ended the week down 3.05%.
• The Nasdaq Composite Index fell 2.05% on Friday, marking its sixth consecutive negative session.
• The Nasdaq Composite ended the week down 5.52%.
• On Friday, the Dow Jones Industrial Average rose 211 points, or 0.56%, for its second straight positive session.
• The Dow ended the week up 0.01%.

— Jesse Pound, Christopher Hayes