Disney, DraftKings, Palantir, Li Auto: What to Watch When the Stock Market Opens Today
November 13 2020 - 7:54AM
Dow Jones News
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
Friday.
-- U.S. stock futures climbed, suggesting most major indexes are
headed for a second week of gains. S&P 500 futures were up 0.7%
and Nasdaq-100 futures gained 0.6%. Economically-sensitive sectors
like energy and banks have been some of the week's best performers.
Read our full market wrap here.
-- What's coming up. The U.S. producer price index for October,
due at 8:30 a.m. ET, is expected to rise 0.2% from the prior month.
The University of Michigan's preliminary consumer sentiment index
for November, due at 10 a.m., is expected to hold fairly steady,
reflecting the crosscurrents of an uncertain election, stock market
gains, rising employment and more Covid-19 cases.
Market Movers to Watch
-- Cisco shares rose 7.3% premarket after the company reported
better-than-expected earnings, and an outlook that exceeded Wall
Street's expectations.
-- Walt Disney climbed 4.3% premarket after reporting better
streaming figures than expected, and a narrower loss than analysts
had predicted.
-- Li Auto jumped more than 20% premarket after the
electric-vehicle maker reported a quarter-on-quarter rise in
revenue and gross margin.
-- Palantir shares rose more than 4%. The data analysis company
raised its annual revenue outlook Thursday after it posted
better-than expected sales in its first quarterly report since
going public in September.
-- Biopharmaceutical firm Urovant Sciences leapt 90% after
majority shareholder Sumitovant Biopharma agreed to buy the
company's remaining shares.
Must Reads Since You Went to Bed
Investors Flock to SPACs, Where Risks Lurk and Track Records Are
Poor
Some Grocers Brings Back Purchase Limits as Covid-19 Cases
Rise
Tesla CEO Elon Musk Says He Tested Both Positive and Negative
for Covid-19
China's Health-Care Listings Break Records
Beijing Attacks America's New Investment Blacklist
How Joe Biden's Tax-Increase Wish List Could Affect You
(END) Dow Jones Newswires
November 13, 2020 07:39 ET (12:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DraftKings (NASDAQ:DKNG)
Historical Stock Chart
From Aug 2024 to Sep 2024
DraftKings (NASDAQ:DKNG)
Historical Stock Chart
From Sep 2023 to Sep 2024