TMUS T Mobile US Inc

By Mischa Frankl-Duval 

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

-- U. S. stock futures edged down Tuesday, signaling that major benchmarks will pare back gains a day after they closed at record highs.

Futures tied to Dow Jones Industrial Average ticked down 0.7%. The index of blue-chip companies on Monday rose to an all-time high and closed just short of the 30000-point milestone level. Contracts linked to the S&P 500 slid 0.6%. Read our full market wrap here.

-- What's coming up. U.S. retail sales figures for October, due at 8:30 a.m. ET, are expected to show a sixth straight monthly increase, buoyed by steady job creation and early holiday promotions.

Companies including Alphabet, Etsy, Dropbox, Spotify and Roku will present at a conference hosted by RBC Capital Markets.

Market Movers to Watch

-- Tesla shares jumped more than 13% premarket after S&P Dow Jones Indices said it would add the electric car maker to the S&P 500 index.

-- T-Mobile US shares rose 2.6% to $134. Wells Fargo yesterday set a $150 price target for the stock.

-- Shares of Walgreens Boots Alliance fell 11.8% and CVS fell 9% after Amazon launched an online pharmacy service.

-- Shares of Walmart rose 0.6% after the retailing giant reported earnings that exceeded analysts' expectations.

-- Home Depot shares dropped 1.8% after it delivered its third-quarter earnings report.

-- Ra Medical Systems fell more than 20% following news the company's board approved a 1-for-25 reverse stock split.

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(END) Dow Jones Newswires

November 17, 2020 07:56 ET (12:56 GMT)

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