Regeneron, Warner Music, Royal Caribbean: What to Watch When the Stock Market Opens Today

By Mischa Frankl-Duval

Here's what we are watching as markets kick into gear Monday.

-- U. S. stock futures rose Monday, putting Wall Street on track to open the week with gains after promising results on a Covid-19 vaccine trial bolstered hopes for an economic recovery. S&P 500 futures added 0.5%, and Dow Jones Industrial Average futures gained 0.5%.

-- What's coming up. U.S. purchasing manager indexes for the manufacturing and services sectors are due at 9:45 a.m. ET.

Market Movers to Watch

-- Shares of AstraZeneca were down in London and its Nasdaq-listed ADR was down 1.9% premarket despite the positive data on its vaccine. Fellow vaccine producer Moderna's shares shot 3.4% higher premarket. Pfizer also added 0.8%.

-- Shares of Regeneron rose 3.3% premarket after its Covid-19 antibody drug was authorized Saturday by U.S. health regulator.

-- Travel-related companies also caught a bid. Royal Caribbean Group rose 1.8%. Delta rose 1.7%.

-- Pandemic-era favorites Peloton and Zoom Video Communications were both down premarket, by 0.6% and 0.9% respectively.

-- Warner Music Group rose 1.5% after fourth-quarter revenue came in ahead of expectations.

-- Shares of electric-vehicle charging-network provider Blink Charging soared more than 14% after having already more than doubled in a week. Electric-car maker Tesla was also up, by 2.9%.

Must Reads Since You Went to Bed

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(END) Dow Jones Newswires

November 23, 2020 09:37 ET (14:37 GMT)

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