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)

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