By James Willhite 

Here's what we're watching ahead of the opening bell on Monday.

-- Futures tied to the S&P 500 slipped 0.5%, indicating the benchmark may fall from the all-time high it closed at on Friday. Contracts tied to the Nasdaq-100 edged 0.4% lower and those linked to the Dow Jones Industrial Average fell 0.6%.

Political rancor remains front and center, as the House may move to impeach President Trump as soon as this week.

What's Coming Up

Atlanta Fed President Raphael Bostic speaks on the economic outlook at 12 p.m., and Dallas Fed President Robert Kaplan speaks at a virtual town hall at 6 p.m.

Investors say the recent rise in Treasury yields is raising questions about how the central bank may respond. The yield on the 10-year Treasury note on Monday edged down to 1.101%, from 1.105% Friday.

Market Movers to Watch

-- Ahead of the bell, Twitter shares dropped 6.8% premarket. The social-media site permanently banned President Trump, perhaps one of its most famous users. Facebook shut him out as well.

-- Eli Lilly shares jumped more than 13% premarket after it said an experimental Alzheimer's drug helped patients in a small trial.

-- Shares of Sarepta Therapeutics clawed back 7.4% premarket after plummeting more than 50% on Friday.

-- U.S. listed shares of Chinese electric-car maker NIO extended their recent climb, adding more than 6% premarket after Friday's more than 8% jump. The company on Saturday unveiled its fourth production model.

Market Fact

While the Dow climbed 7.2% in 2020 and the S&P 500 wrapped up the year with a gain of more than 16%, the average diversified U.S. stock fund rewarded investors with a 19.1% increase.

Chart of the Day

Investors are showing signs of increasing exuberance, reflecting optimism about a vaccine-fueled global recovery and the changed economics of the post-coronavirus world.

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(END) Dow Jones Newswires

January 11, 2021 07:17 ET (12:17 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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