AMC, Thermo Fisher, Viela Bio: What to Watch When the Stock Market Opens Today
01 Febrero 2021 - 06:40AM
Noticias Dow Jones
By James Willhite
Here's what we're watching ahead of Monday's opening bell.
-- U.S. stock futures advanced, putting major benchmarks on
course to recover some ground following their worst week since
October. Silver prices shot 11% higher. Some stocks that have
become popular with day traders continued to climb, though group
leader GameStop was edging down. For our live blog on the
day-trading phenomenon, follow this link.
Futures tied to the S&P 500 rose 1%, and contracts linked to
the tech-heavy Nasdaq-100 advanced 1%. Dow Jones Industrial Average
futures gained 0.8%. Read our full market wrap here.
What's Coming Up
-- Earnings are due from NXP Semiconductors, PotlatchDeltic and
Woodward after the close.
-- IHS Markit's U.S. manufacturing index for January is out at
9:45 a.m. ET. The Institute for Supply Management's manufacturing
index for January, due at 10 a.m., is expected to fall to 60 from
60.7 a month earlier.
-- U.S. construction spending for December, due at 10 a.m., is
expected to increase 0.8% from the prior month.
Market Movers to Watch
-- GameStop shares edged down 0.3% premarket following their
recent dizzying climb. Headphone maker Koss is up 5.3%, after
Friday's 53% jump. Some investors expect volatility to edge down
this week as many hedge funds have already reduced short positions
on stocks that have attracted attention online.
-- Another day-trading favorite, AMC Entertainment, jumped more
than 19% ahead of the bell, building on Friday's 54% climb.
-- Viela Bio shot more than 20% higher on news that it would be
acquired by Horizon Therapeutics.
-- Exxon Mobil gained 2% premarket and Chevron added 1.6% The
oil giants discussed merging after the pandemic shook the world
last year, according to people familiar with the talks.
-- Property Solutions Acquisition, the blank-check company that
is acquiring electric-vehicle maker Faraday Future, jumped more
than 17% ahead of the bell.
-- Thermo Fisher Scientific shares gained 2.4% premarket after
the analytical-equipment maker reported a sharply higher profit as
the response to the Covid-19 pandemic boosted the company's
sales.
Market Fact
China's short-term lending rates shot up to their highest levels
in two years last week, with the weighted average of the one-day
interbank collateralized repo hitting nearly 7% Friday. As recently
as Jan. 22, it was only 2.5%.
Chart of the Day
So-called blank-check companies are a hit with individual
investors looking for speculative trades.
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Debt
(END) Dow Jones Newswires
February 01, 2021 07:25 ET (12:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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