Regeneron, Warner Music, Royal Caribbean: 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 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
-- 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
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(END) Dow Jones Newswires
November 23, 2020 09:37 ET (14:37 GMT)
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