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 0.4%. 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 also slid 0.4%. 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.

Market Movers to Watch

-- Tesla shares jumped more than 12% 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 3.8% to $134. Wells Fargo yesterday set a $150 price target for the stock.

-- Shares of Walgreens Boots Alliance fell 9.3% and CVS fell 7.1% after Amazon launched an online pharmacy service.

-- Home Depot shares dropped 2% 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.

-- T-Mobile US shares rose 3.8% to $134. Wells Fargo yesterday set a $150 price target for the stock.

Must Reads Since You Went to Bed

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Huawei Sells Off Honor Phone Business as U.S. Sanctions Bite

GameStop's New Billionaire Investor Pushes for Digital Sales, Fewer Stores

Major Chinese Chip Company Defaults on Debt

All Those Used Delivery Boxes Are a Hot Commodity

 

(END) Dow Jones Newswires

November 17, 2020 07:23 ET (12:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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