Here is what we are looking for before starting the trading action on Monday.
–US futures stocks rose, with technological actions ready to drive gains.
S&P 500 futures added 0.2%. Contracts for the technology-focused Nasdaq-100 rose 0.7%. Read our complete market package.
What’s next
–Earnings are due of the BioLife Solutions BLFS -2.73%
after the markets close.
–Existing home sales in the US, due at 10 a.m. ET, is expected to decline at an annual rate of 6.5 million in February from 6.69 million a month earlier.
Market Movers to watch
– Kansas City South KSU 13.13%
shares recorded a 16% higher premarket after Canadian rival CP in the Pacific -3.08%
agreed to acquire the railway company in a merger valued at about $ 25 billion, which would create the first rail freight network linking Mexico, the United States and Canada. Canadian shares in the Pacific fell 2.2%.
A Kansas City Southern locomotive passed Knoche Yard in Kansas City, Mo. January 7, 2020.
Photo:
Whitney Curtis / Bloomberg News
—Collective railway operator CSX CSX 3.29%
it seemed to benefit from the focus on the sector, with its shares adding 4.1% premarket.
—Actions on Support.com,
SPRT 253.19%
a cloud-based technical support and software company with a market capacity of about $ 41 million launched a 275% higher premarket after establishing a merger agreement with Greenidge Generation.
– Synnex SNX 6.62%
increased by 12% premarket. The IT provider has agreed to merge with Apollo Global Management APO 1.49%
Technical data in a transaction valued at $ 7.2 billion, including debt. Quarterly results are due from Synnex after closing.
– Tesla TSLA 4.07%
the shares are 3.9% before the bell. Tesla Technology Elon Musk said at a summit in China on Saturday that the company will never provide the US government with data collected from its vehicles in China or other countries. His assurance came after the Chinese government’s decision to restrict the use of Tesla cars by military personnel or employees of key state-owned companies.
Market fact
The Dow Jones moving average marked its seventh consecutive week of gains on Friday. It is the longest series of victories since the week ending March 18, 2016, when the market has grown for nine consecutive weeks.
Diagram of the day
The returns on corporate-quality investment bonds from companies, including Amazon, had the second worst start.
You have to read since you went to bed
GameStop will release the first earnings report from the stock rally powered by Reddit
The Turkish lira falls after Erdogan fired the head of the central bank
Avoiding high-income tax, much higher than previously thought, new paper estimates
Companies give investors a look at employee turnover
Cruise lines are afraid of another lost summer
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