Regeneron, Warner Music, Royal Caribbean: What to Watch When the Stock Market Opens Today
November 23 2020 - 9:52AM
Dow Jones News
By 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
0.5%.
-- What's coming up. U.S. purchasing manager indexes for the
manufacturing and services sectors are due at 9:45 a.m. ET.
Market Movers to Watch
-- Shares of AstraZeneca were down in London and its
Nasdaq-listed ADR was down 1.9% premarket despite the positive data
on its vaccine. Fellow vaccine producer Moderna's shares shot 3.4%
higher premarket. Pfizer also added 0.8%.
-- Shares of Regeneron rose 3.3% 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 1.8%. Delta rose 1.7%.
-- Pandemic-era favorites Peloton and Zoom Video Communications
were both down premarket, by 0.6% and 0.9% respectively.
-- Warner Music Group rose 1.5% after fourth-quarter revenue
came in ahead of expectations.
-- Shares of electric-vehicle charging-network provider Blink
Charging soared more than 14% after having already more than
doubled in a week. Electric-car maker Tesla was also up, by
2.9%.
Must Reads Since You Went to Bed
AstraZeneca, Oxford Covid-19 Vaccine Up to 90% Effective in
Late-Stage Trials
European Insurers 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 09:37 ET (14:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
JM Smucker (NYSE:SJM)
Historical Stock Chart
From Aug 2024 to Sep 2024
JM Smucker (NYSE:SJM)
Historical Stock Chart
From Sep 2023 to Sep 2024