Here’s what we watch as markets open on Monday for the first trading session in 2021
–US futures stocks rose in the hope that the continued government stimulus and the launch of coronavirus vaccines will bode well for action. S&P 500 futures rose 0.4% on Monday, while Dow Jones Industrial Average contracts gained 0.4%, indicating gains for both sizes after the opening bell. Read our full market package here.
What’s next
– The US manufacturing index from IHS Markit for December is released at 9:45 AM ET.
—Expenditure on construction in the United States for November, which will take place at 10 a.m., is expected to increase by 1.1% over the previous month.
Market Movers to watch
– Tesla TSLA 1.57%
shares increased by 2% premarket. Electric vehicle sales increased in 2020, despite declining global demand for new cars during the Covid-19 pandemic. Tesla said on Saturday that it delivered a record 499,550 vehicles globally last year, up from about 367,500 the previous year.
Drivers load their vehicles at a Tesla supercharging location on December 30, 2020, in Limon, Colo.
Photo:
David Zalubowski / Associated Press
—Roku gains 2.3% in premarket trading after The Wall Street Journal reported that Quibi is in advanced talks to sell its content catalog to Roku, as the short-form rendering service cancels its operations following a run. unsuccessful.
—Shares in The9 Ltd.,
NCTY 3.51%
an internet company based in China has grown by more than 50% premarket after the company said it had signed an investment deadline sheet with investors to start a cryptocurrency business.
—The US-listed shares of China’s three largest telecommunications companies fell before trading after the New York Stock Exchange moved the trio’s withdrawal to comply with a US government ban. Shares in China Mobile CHL 0.88%
decreased by 4.3%, China Telecom CHA -0.04%
decreased by 5.6%, and China Unicom CHU -1.56%
decreased by 3.9%.
—Bitcoin fell more than 6% against the dollar on Monday, trading close to 1 bitcoin at $ 31,130.69. Bitcoin has rallied strongly in the last two months of 2020, as a number of well-known investors and companies have revealed bitcoin holdings.
—Actions in FLIR FLIR systems 0.05%
gathered more than 20% after Teledyne Technologies agreed to buy FLIR in a cash and stock transaction valued at about $ 8 billion.
– Calithera Biosciences CALA -3.91%
decreased by more than 50% premarket after a cancer treatment in development failed to meet the primary endpoint of one study. In response to the results, the company said it would reduce its workforce by about 35%.
Market fact
The Dow Jones industrial average, the S&P 500 and the Nasdaq Composite recorded more than 100 record closures in 2020. The Dow rose 7.2% for 2020, the S&P 500 rose 16% and the Nasdaq rose 44%. The Russell 2000 index of smaller-cap stocks rose 18%.
Diagram of the day
Investors ended one of the wildest years on Wall Street in everything from bitcoin to emerging markets, raising expectations that a strong economic recovery will fuel even more gains.
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