DoorDash, GameStop, Pfizer: What to Watch When the Stock Market Opens Today
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
-- U.S. stock futures edged higher, suggesting the major indexes
may grind toward new all-time highs after the opening bell as
investors bet on fresh fiscal stimulus spending.
Futures tied to the S&P 500 ticked up 0.1%, a day after the
benchmark notched its 30th record close of 2020. Nasdaq-100 futures
were down 0.1%, indicating technology stocks may be subdued after
the New York opening bell. Read our full market wrap here.
What's Coming Up
-- DoorDash shares will begin trading today after the
food-delivery company priced its IPO at $102 apiece. That equates
to a valuation of $39 billion. DoorDash was privately valued at
more than $15 billion earlier this year.
-- Shares in software company C3.ai are also expected to start
trading today. The company priced shares at $42 apiece, above their
expected range. Advertising-software company PubMatic is also set
-- Job openings and wholesale inventories data are due at 10
-- Adobe will give results for its most recent quarter after the
Market Movers to Watch
-- GameStop shares fell 15% in off-hours trade after the company
released sales figures that missed analysts' expectations.
-- Insurance software company Guidewire dipped 4.3% off-hours
after its quarterly results disappointed investors.
-- United Airlines rose 1.6% in premarket trade. Boeing
yesterday delivered a 737 MAX aircraft to the carrier, which became
the first to receive a newly produced model of the jet after U.S.
regulators ended a nearly two-year grounding last month.
-- Shares in Pfizer rose 1.3% premarket. The Food and Drug
Administration yesterday said a Covid-19 vaccine the company
developed with BioNTech "met the prescribed success criteria" in a
clinical study, paving the way for the agency to green-light
distribution as early as this weekend.
-- Regenerative-medicine company Pluristem Therapeutics tumbled
more than 41% off-hours after the results of an interim analysis of
one of its treatments disappointed investors.
-- Shares in MTS Systems, a maker of test systems and industrial
sensors, were halted on news that the Amphenol, which makes
electrical communications components, would buy the company.
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U.S. Job Openings Slip in Early December
Luxury Brands Follow Chinese Shoppers Back Home
U.S. Supplies of Covid-19 PPE Fall Short of Targets
Chinese Consumer Prices Show First Annual Decline Since 2009
(END) Dow Jones Newswires
December 09, 2020 08:30 ET (13:30 GMT)
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