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Here’s what we’re watching ahead of Monday’s opening bell.
- U.S. stock futures wobbled Monday as investors weighed the outlook for the global economy and major companies’ earnings this year.
- Futures tied to the S&P 500 edged down less than 0.1%. The broad market index ended last week just shy of its record closing level. Nasdaq-100 futures declined 0.4%, suggesting that technology shares may be among the weakest performers after the open. Read our full market wrap.
What’s Coming Up
- Earnings are due from
and and
after the close.
- The Dallas Fed’s manufacturing survey, due at 10:30 a.m., is expected to rise to 31.7 in April from 28.9 a month earlier.
Market Movers to Watch
-
shares climbed 5.1% premarket after it released its latest earnings report and raised its 2021 revenue guidance.
- Food-and-drug retailer
also reported quarterly results, and its shares added 2%.
- Maybe it’s post-Oscars enthusiasm, but day-trader favorite
is up 2.7% ahead of the bell.
-
shares shot 16% higher premarket. On Friday, trading of the biopharmaceutical company was briefly halted amid high volatility after it announced a direct offering of its common stock.
- Pandemic-hit travel companies were ticking higher premarket on Monday.
was up 1.8%,
added 1.6% and
rose 1.7%.
-
shares nudged up 0.6% premarket. Health officials around the country resumed offering the company’s Covid-19 vaccine this weekend after getting a green light from federal regulators on Friday.
A person received a dose of the Johnson & Johnson Covid-19 vaccine during a visit of U.S. Vice President Kamala Harris to a vaccination center in Chinatown in Chicago, April 6, 2021.
Photo:
carlos barria/Reuters
Market Facts
- Bitcoin prices on Friday ended the week down 18.3%. It was the largest weekly decline since the week ended March 13, 2020, when it fell 40.6%. Monday morning prices were up again, by 11%.
- The Dow Jones Transportation Average is up for the past 12 consecutive weeks. It is its longest weekly winning streak since the 15 weeks ended Jan. 28, 1899.
- On this day in 1973, the Chicago Board Options Exchange opened for trading, with call options available on 16 U.S. common stocks. For the first time, stock options were listed on a dedicated exchange and registered for trading in standardized form.
Chart of the Day
The wild market ride has lifted everything from lumber to stocks to bitcoin—and rarely have so many assets been up this much at once. The frenzy has extended far beyond conventional markets tracked by Wall Street firms.
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