Occidental Petroleum, Agilent, Tesla: What to Watch When the Stock Market Opens
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
-- U. S. stock futures climbed after President Trump said his
aides would cooperate with President-elect Joe Biden's transition
to the White House, easing investors' concerns about a drawn-out
period of uncertainty. Contracts on the S&P 500 and the Dow
Jones Industrial Average added 0.8% and 1.1% respectively, while
gold prices slipped 1.6%.
Read our full market wrap here.
-- What's coming up. Companies including Dell and Gap will
report after the close.
-- The Conference Board's U.S. consumer confidence survey for
November is due at 10 a.m. American depositary shares in Russian
online retailer Ozon Holdings are set to begin trading on the
Nasdaq Global Select Market.
Market Movers to Watch
-- Travel stocks and oil companies rose premarket as investors
seemed to show confidence in the prospect of a reopening economy.
Shares of Occidental Petroleum leaped 10% and Phillips 66 rose
3.8%. Oil-services firm Baker Hughes added 3.8%. United Airlines,
Delta Air Lines and Southwest Airlines all rose more than 3%.
-- Bitcoin rose more than 4.5% to trade at $19,235. The move
brought it closer to its all-time high of $19,783 set in December
-- Stocks that have benefited from lockdowns moved the other
way. Zoom Video Communications fell 1.8%, Peloton fell 1.2%, and
Teladoc Health dropped 1.4%.
-- Dollar Tree rose 7.7% premarket after it reported an increase
in same-store sales. Dick's Sporting Goods rose 1.9% after
reporting quarterly earnings.
-- Agilent Technologies fell 2.9% despite reporting a revenue
jump that beat analysts' expectations.
-- Tesla rose 4.4% before the bell. FuelCell Energy gained
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(END) Dow Jones Newswires
November 24, 2020 09:19 ET (14:19 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.