Stock futures edged lower on Monday as the Trump administration held firm on tariffs, intensifying fears of a global economic slowdown.

Here are some of Monday's biggest stock movers:

Biggest stock gainers

• Dollar Tree (DLTR) +6% – Shares rose after Citi upgraded the stock to Buy from Neutral, citing the company’s pricing power amid rising tariffs. Analyst Paul Lejuez said DLTR can likely raise prices from $1.25 to $1.50 or $1.75 with minimal pushback, calling the increase “inevitable” in this environment. While ~50% of its products face higher tariffs, Dollar Tree’s value positioning makes it a likely winner as retail prices climb. Citi raised the price target to $103 from $76.

Biggest stock losers

• Tesla (NASDAQ:TSLA) -9% - Shares of the EV maker are at the forefront of a steep decline among the 'Magnificent Seven' tech giants in early Monday trading, as escalating trade tensions under the Trump administration sparked broad market concerns and recession fears. Tesla’s drop comes amid a continued slide, while other major tech names also tumbled: Nvidia (NVDA) -5%, Amazon (AMZN) -3.7%, Meta (META) -4%, Apple (AAPL) -4.1%, Microsoft (MSFT) -3.5%, and Alphabet (GOOGL) -3.5%.
• Bitcoin (BTC-USD) -3% – The flagship cryptocurrency fell to the $76K level, dragging down crypto stocks as investors rushed to offload digital assets over the weekend. The move came amid mounting concerns over financial market volatility, following the steepest drop in U.S. equities since 2020. The broader risk-off sentiment was fueled by President Trump’s aggressive new tariffs. Shares of crypto-exposed firms, including MicroStrategy (NASDAQ:MSTR), Coinbase (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), MARA Holdings (NASDAQ:MARA), Bit Digital (BTBT), CleanSpark (CLSK), Hut 8 (HUT), and Robinhood (HOOD), tumbled roughly 9%.
• Shell (NYSE:SHEL) -7% – Shares declined after the company’s Q1 2025 trading update highlighted higher upstream tax costs and a potential $5B working capital build, despite solid gas and oil trading. LNG volumes are projected at 6.4–6.8 MT, down from 7.1 MT in Q4, due to bad weather and maintenance issues in Australia. Shell expects Q1 tax charges between $2.4B–$3.2B, with cash taxes ranging from $2.5B–$3.3B. Final results are due May 2.
• Alibaba (BABA) -9% – U.S.-listed Chinese stocks slumped as U.S.-China trade tensions intensified. JD.com (JD) fell 6%, PDD (PDD) dropped 4%, Baidu (BIDU) slipped 2.4%, and NetEase (NTES) lost 7%. Chinese EV makers also retreated: XPeng (XPEV) -14%, NIO (NIO) -7%, and Li Auto (LI) -8%.