Boeing, Pfizer, Lowe's: What to Watch When the Stock Market Opens Today
November 18 2020 - 7:40AM
Dow Jones News
By Jem Bartholomew
Here's what we are watching as markets kick into gear
Wednesday.
-- Stock futures edged higher as investors weighed the risks to
the economy from rising coronavirus-infection levels against the
prospect of vaccines that could halt the pandemic. Futures tied to
the S&P 500 ticked up 0.2%, while contracts linked to the Dow
Jones Industrial Average and the Nasdaq-100 also posted muted
gains. Read our full market wrap here.
-- What's coming up. TJX Companies is due to release earnings
this morning, while Nvidia is expected to report after the market
closes.
Market Movers to Watch
-- Boeing jumped 5.1% ahead of the opening bell after the
Federal Aviation Administration approved the airline's 737 MAX jets
for passenger flights again after dual crashes took 346 lives.
-- Pfizer climbed 1.8% and BioNTech's U.S.-listed ADR surged
almost 8% after the companies said they would seek authorization
within days after their Covid-19 vaccine appeared 95% effective in
final trial results and showed signs of being safe.
-- Lordstown Motors advanced almost 11% premarket, building on
Tuesday's gains of 9.5% after the electric-vehicle maker said
production of its electric pickup truck Endurance is on track to
begin deliveries by September 2021.
-- Lowe's Companies dropped over 7% premarket despite the
company posting third-quarter sales that beat Wall Street's
expectations.
-- Target gained 1% before the bell after the company said
comparable sales, those from stores or digital channels operating
for at least 12 months, increased 20.7% in the quarter ended Oct.
31.
-- Tesla kept climbing by 3% offhours. The electric-car maker
gained 8.2% Tuesday after news that it will be added to the
benchmark S&P 500 index on Dec. 21.
-- NIO's U.S.-listed ADR gained 3.7% premarket after the Chinese
electric vehicle company said its sales more than doubled in the
latest quarter.
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(END) Dow Jones Newswires
November 18, 2020 07:25 ET (12:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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