US equity futures pointed to a higher open on Wall Street as investors reacted positively to news of a meeting between Russian and US officials, raising hopes of an end to the three-year war in Ukraine.

After Monday’s holiday, futures on the S&P 500 climbed 0.3%, while Nasdaq 100 contracts gained 0.4%. The market also saw major moves in individual stocks, from tech giants to airlines and engineering firms.

Key Stock Movers

Intel Surges on Potential Deal Breakup

Intel Corp. shares jumped 5% following a Wall Street Journal report that Taiwan Semiconductor Manufacturing Co. (TSMC) and Broadcom Inc. are considering deals that could dismantle parts of the US chip giant. This news fueled optimism among investors about the future of the semiconductor industry.

Delta Air Lines Drops After Crash

Delta Air Lines shares slipped 0.8% after one of its flights from Minnesota to Toronto crashed upon landing on Monday afternoon. Local officials reported at least 18 injuries, which weighed on investor sentiment.

Southwest Airlines Rallies on Job Cuts

Meanwhile, Southwest Airlines soared 2.4% after announcing plans to cut 15% of its corporate workforce. CEO Bob Jordan called the move “unprecedented,” signaling a major restructuring effort aimed at improving profitability.

Fluor Plunges on Weak Earnings

Fluor, the engineering and construction firm, saw its stock tumble 5.5% after reporting disappointing Q4 results. The company posted earnings of 48 cents per share on $4.26 billion in revenue, well below analyst estimates of 78 cents per share on $4.42 billion.

Medtronic Falls on Revenue Miss

Medtronic dropped 2.5% despite beating earnings expectations, as the medical device maker fell short on revenue. The company reported adjusted earnings of $1.39 per share on revenue of $8.29 billion, slightly below analyst expectations of $8.33 billion in revenue.

Venture Global Gains on Wall Street Coverage

Shares of Venture Global, the liquified natural gas provider that recently went public, climbed 3.7% after several major banks initiated coverage with bullish ratings.

• Goldman Sachs & Bank of America: Buy
• JPMorgan: Overweight
• RBC Capital Markets & Mizuho: Outperform

Market Outlook

With diplomatic progress in Ukraine and corporate earnings shaping investor sentiment, Wall Street is gearing up for another eventful trading session. Investors will closely watch geopolitical developments and corporate earnings for further direction.