Peloton, Coca-Cola, Tesla: What to Watch When the Stock Market | Sidnaz Blog

Here’s what we’re watching before Monday’s opening bell.

  • U.S. stock futures wobbled, suggesting major indexes will pause after notching records at the end of last week.
  • Futures tied to the S&P 500 fell 0.3%. Contracts linked to the Dow Jones Industrial Average slipped 0.2% and Nasdaq-100 futures slipped 0.3%. Read our full market wrap.
What’s Coming Up
Market Movers to Watch
  • Coca-Cola


    KO 0.66%

    shares inched up 0.7% after it reported earnings for its latest quarter before the open.

  • Peloton Interactive


    PTON -3.08%

    shares dropped 6.8% ahead of the bell. A federal safety agency over the weekend told people with young children or pets to stop using the company’s treadmills. The move by the Consumer Product Safety Commission comes after its investigation into the death of a child involving one of the machines turned up dozens of instances of injuries. Peloton called the report “inaccurate and misleading.”

  • U.S.-traded shares of China-based

    AnPac Bio-Medical Science


    ANPC -10.71%

    shot 21% higher premarket. The company pointed to strong demand for its paid tests based on cancer differentiation analysis technology in the first quarter, “setting a record high Q1 test volume.”

  • Shares of

    Clean Energy Fuels


    CLNE 0.18%

    jumped 11% premarket. The company said it signed an agreement with

    Amazon


    AMZN 0.60%

    to provide low and negative carbon renewable natural gas.

  • XBiotech


    XBIT -2.21%

    shares rose 6.6% premarket. The biopharmaceutical company on Monday said it received FDA approval to begin a Phase I/II clinical trial of its new drug candidate, XB2001, in patients with pancreatic cancer.

  • Tesla


    TSLA 0.13%

    shares slipped 1.7% premarket. Two men died after a Tesla vehicle that authorities believe was operating without anyone in the driver’s seat crashed into a tree Saturday night north of Houston.

Shoppers walked past the Tesla Inc. showroom at the Chamtime Plaza in Shanghai, China, March 8, 2021.



Photo:

Qilai Shen/Bloomberg News

Market Facts
  • Money has poured into two iShares ETFs that track the S&P Global Clean Energy index. Combined with the gains for the stocks they hold, the funds quintupled in value over roughly five months to $14.2 billion at their January peak, before falling back to about $10 billion.
  • As investors weigh the prospects of a return to normal, share prices of denim maker Levi Strauss have soared about 45% year to date, while the stock of legging juggernaut Lululemon Athletica has deflated by 6.9%.
  • On this day in 1933, the day after President Franklin D. Roosevelt devalued the U.S. dollar, the stock market soared, with the Dow Jones Industrial Average leaping 5.66 points, or a near-record 9%, to close at 68.31.
Chart of the Day

A huge run-up in foreign holdings of Chinese government bonds has stalled, with international investors hitting pause on their purchases as China’s interest-rate advantage over the U.S. has shrunk. 

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