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 1.8%.
Read our full market wrap here. -- What's coming up. Companies
including Dollar Tree, Dicks Sporting Goods, Analog Devices and
Eaton Vance report earnings before the market opens, starting at
7:30 a.m. ET.
-- The S&P/Case-Shiller 20-city home-price index for
September, due at 9 a.m., is expected to rise 5.6% from a year
-- 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 8% and Phillips 66 rose 5.3%.
Oil-services firm Baker Hughes added 4.8%. United Airlines, Delta
Air Lines and Southwest Airlines all rose more than 3%.
-- Stocks that have benefited from lockdowns moved the other
way. Zoom Video Communications fell 1.6%, Peloton fell 1.7% and
Teladoc Health dropped 2.4%.
-- Agilent Technologies fell 2% despite reporting a revenue jump
that beat analysts' expectations.
-- Tesla rose 3.9% before the bell. FuelCell Energy gained
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(END) Dow Jones Newswires
November 24, 2020 07:15 ET (12:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.