Peloton, Coca-Cola, Tesla: What to look for when the stock market opens today

Here’s what we’re looking forward to before Monday’s bell rings.

• US futures have faltered, suggesting that major indices will be discontinued after recordings at the end of last week.
• S&P 500 futures fell 0.2%. Dow Jones industrial average contracts fell 0.1% and the Nasdaq-100 futures contracted 0.4%. Bitcoin recovered after a weekend decline and traded 0.6%. Read our complete market package.

What’s next

• Earnings are due of United Airlines UAL -1.20%

  and IBM.

  IBM -0.47%

• HC Wainwright Spring Mining Conference start two days of virtual presentations from companies, including Endeavor Silver,

  EXK -0.18%

  Equinox Gold EQX 0.11%

  and Excellon Resources.

  EXN 1.38%

Market Movers to watch

• Herman Miller MLHR -11.19%

  shares fell 12% premarket. The furniture manufacturer said early Monday that it is acquiring rival Knoll.

  KNL 32.44%

  Knoll’s shares rose 30%.

• Coca-Cola KO 0.50%

  shares rose 0.8% after reporting gains for the last quarter before opening.

• Peloton Interactive PTON -5.16%

  shares fell 6.5% before the bell. A federal safety agency over the weekend told people with young children or pets to stop using the company’s treadmills. The Consumer Safety Commission’s measure comes after its investigation into the death of a child involved in one of the cars led to dozens of injuries. Peloton called the report “inaccurate and misleading.”

• US-traded shares of AnPac ​​Bio-Medical Science ANPC in China 5.40%

  shot the premarket 17% higher. The company highlighted a strong demand for its paid tests based on cancer differentiation analysis technology in the first quarter, “setting a record Q1 test volume”.

• CLNE clean energy fuel stocks 18.16%

  increased by 26% premarket. The company said it has signed an agreement with Amazon AMZN 0.26%

  to provide low-carbon and negative renewable natural gas.

• XBiotech XBIT 0.86%

  shares increased by 7% premarket. The biopharmaceutical company said Monday it has received FDA approval to begin a phase I / II clinical trial of its new drug candidate, XB2001, in pancreatic cancer patients.

• Tesla TSLA -5.93%

  shares fell 2.4% from the premarket. Two men died after a Tesla vehicle that authorities believe was operating without anyone in the driver’s seat crashing into a tree Saturday night north of Houston.

Market facts

• The money was poured into two iShares ETFs that track the S&P Global Clean Energy Index. Combined with earnings for the shares they hold, the funds quintupled in about five months to $ 14.2 billion at their peak in January, before returning to about $ 10 billion.
• As investors assess the prospects of a return to normal, the share prices of denim producer Levi Strauss have risen by about 45% so far, while the juggling stock of Lululemon Athletica has deflated by 6.9%.
• On this day in 1933, the day after President Franklin D. Roosevelt devalued the US dollar, the stock market rose, with the Dow Jones Industrial Average jumping 5.66 points, or almost a record 9%, to 68.31 .

Diagram of the day

A huge crisis in China’s foreign government bond holdings has stopped, with international investors pausing their acquisitions as China’s interest rate advantage over the US has shrunk.

You have to read since you went to bed

Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8