Regeneron, Warner Music, Royal Caribbean: What to Watch When the Stock Market Opens Today
November 23 2020 - 7:37AM
Dow Jones News
Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
Monday.
-- U. S. stock futures rose Monday, putting Wall Street on track
to open the week with gains after promising results on a Covid-19
vaccine trial bolstered hopes for an economic recovery. S&P 500
futures added 0.5%, and Dow Jones Industrial Average futures gained
0.6%.
-- What's coming up. Warner Music Group reports earnings at
around 7:30 a.m. ET. U.S. purchasing manager indexes for the
manufacturing and services sectors are due at 9:45 a.m.
Market Movers to Watch
-- Shares of AstraZeneca were down in London and its
Nasdaq-listed ADR was down 0.9% premarket despite the positive data
on its vaccine. Fellow vaccine producer Moderna's shares shot 4.9%
higher premarket. Pfizer also added 1%
-- Shares of Regeneron rose 6% premarket after its Covid-19
antibody drug was authorized Saturday by U.S. health regulator.
-- Travel-related companies also caught a bid. Royal Caribbean
Group rose 4%. Delta, United and Southwest all climbed more than
2%.
-- Pandemic-era favorites Peloton and Zoom Video Communications
were both down premarket, by 1.4% and 1.2% respectively.
Must Reads Since You Went to Bed
AstraZeneca, Oxford Covid-19 Vaccine Up to 90% Effective in
Late-Stage Trials European Insuresrs Gear Up to Do Deals
Bitcoin Trades Again Near Record, Driven by New Group of
Buyers
China Vows to Investigate Bond Market Misconduct Coronavirus
Spurred Companies to Hoard Cash. Now They Are Starting to Dole It
Out
(END) Dow Jones Newswires
November 23, 2020 07:22 ET (12:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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