Enphase Energy, Tiffany, Celsius: What to Watch When the Stock

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Here’s what we are watching as markets kick into gear Thursday.U.S. stock futures wavered, signaling a muted finish to a year that saw the major indexes contract sharply in the spring before rising to record highs. Read our full market wrap here.

What’s Coming Up

Initial jobless claims data is due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal expect claims for the week ended Dec. 26 rose to 835,000 from 803,000 the week prior, as a surge of coronavirus cases across the U.S. has prompted some states to impose new restrictions on businesses.

Market Movers to Watch

Tiffany will be replaced by Enphase Energy in the S&P 500 index on Jan. 7.

Photo:

Alexander Bogatyrev/Zuma Press

Enphase Energy

rose 1.8% in offhours trading. S&P Dow Jones Indices yesterday said the company will replace

Tiffany

in the S&P 500 index from Jan. 7. Shares in Tiffany, is being acquired by LVMH Moet Hennessy-Louis Vuitton, were largely unchanged.

Beverage company

Celsius

rose almost 13% premarket on news that the stock would be included in the S&P SmallCap 600 gauge.

Market Fact

On this day in 1999, the New York Stock Exchange closed three hours early to allow technical experts to prepare for the possibility of “Y2K” computer malfunctions, which were almost universally predicted. Nothing happened.

Chart of the Day

Individual investors opened more than 10 million new brokerage accounts in 2020, JMP Securities estimates, a record. Interest isn’t fading, either. “You have this incredibly engaged customer,” said

Devin Ryan,

senior research analyst at JMP Securities.