Wynn, ON Semiconductor, GameStop: What to Watch When the Stock | Sidnaz Blog

U.S. stock futures advanced, along with bond yields and oil prices, as investors wagered that a new round of stimulus spending would bolster the economy.

—Futures tied to the S&P 500 ticked up 0.3% after the benchmark stocks gauge posted its biggest one-week advance since November and closed Friday at an all-time high. Futures for the technology-heavy Nasdaq-100 and the Dow Jones Industrial Average contracts both added 0.4%. Read our full market wrap here.

What’s Coming Up

Earnings are due from

Simon Property Group,


SPG 1.67%

Take-Two Interactive Software


TTWO 2.98%

and

KKR


KKR 1.80%

after the close.

Market Movers to Watch

The iCar may have to wait.

Apple


AAPL -0.31%

‘s talks with

Hyundai Motor Group

have failed to lead to an agreement for the South Korean auto giant to assemble vehicles for the iPhone company. But investors seem ok with that—Apple’s shares nudged up 0.1% ahead of the bell.

The Reddit crew is a mixed bag this morning, but trading is relatively calm.

GameStop

‘s shares are up 14% premarket,

AMC

‘s are up 4% and

Koss

shares edged 0.3% lower.

Wynn

‘s not a winner today. The casino operator dropped 3.4% premarket after it started a public offering of 5.5 million shares of its common stock to fund operations while the Covid-19 pandemic continues.

Wynn Resorts Ltd.’s Wynn Las Vegas casino on April 27, 2020.



Photo:

Ethan Miller/Getty Images

ON Semiconductor

‘s shares are up 5.8% premarket. Several analysts raised their price targets for its stock.

Market Fact

Dogecoin, a homage to bitcoin that was designed to serve no real purpose, is suddenly worth a total of more than $6 billion.

Chart of the Day

A flood of cash has pushed borrowing costs to unusual lows in Europe. Some companies can now borrow at lower rates than those set by the European Central Bank.

Must Reads Since You Went to Bed

Stock Clearing Rules in Spotlight After GameStop Frenzy

New York Lawmakers Float Crackdown on Hedge Funds’ Sovereign-Debt Tactics

HNA Group’s Financial Maneuvers Powered Its Rise—and Caused Its Downfall

Elliott Management Explores Raising a SPAC

Tighter Oil Supplies Inject Momentum Into Price Rally

The Biden Stimulus vs. the Bond Market

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


Source link