Kodak, Lyft, Exxon Mobil: What to Watch When the Stock Market Opens Today
December 07 2020 - 8:37AM
Dow Jones News
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
Monday.
-- U.S. stock futures slipped on concerns that elevated Covid-19
infection levels could weigh on economic growth through the colder
months. Futures tied to the S&P 500 slid 0.3%, indicating the
broader gauge could move lower after the New York opening bell. Dow
futures gained 0.4%.
Read our full market wrap here.
What's Coming Up
-- Business-spending management firm Coupa Software, Casey's
General Stores and collaboration-software company Smartsheet report
earnings after the market closes.
-- Companies including Citrix Systems, Cisco Systems and Splunk
will speak at a Raymond James technology investors conference
today.
Market Movers to Watch
-- Kodak shares leaped more than 75% before the bell after a
government watchdog agency found no wrongdoing in the process that
created a now-halted U.S. loan to the company.
-- Shares in IAC/InterActive fell 3%. The Wall Street Journal
reported that Google was deciding whether to impose severe
penalties on the online conglomerate over what the search giant
concluded were deceptive marketing practices.
-- Lyft shares rose 2% premarket. Investment bank Piper Sandler
raised its rating on the stock.
-- Exxon Mobil shares fell 1.2% following news that the company
faces the threat of a proxy fight from a newcomer activist
investor. Other oil majors were also lower.
-- U.S.-traded shares of JinkoSolar were down more than 5%
premarket after the Chinese company reported its third-quarter
results.
Must Reads Since You Went to Bed
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Some Small Hedge Funds Reap Big Gains in Tough Times
Shares of Chinese Companies on U.S. Blacklist Fall as Index
Eviction Looms
'Crude Oil Treasure' Debacle Leads to Fine for Chinese Bank
Chick-fil-A Sues Poultry Suppliers, Alleging Price-Fixing
(END) Dow Jones Newswires
December 07, 2020 08:22 ET (13:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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