Bitcoin, Virgin Galactic, Moderna: What to Watch When the Stock Market Opens Today

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Bitcoin, Virgin Galactic, Moderna: What to Watch When the Stock Market Opens Today
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Right here’s what we’re watching forward of Monday’s opening bell.

U.S. inventory futures edged up and bond yields crept decrease as buyers grew extra snug with the inflation outlook and the tempo of the financial restoration.

Futures tied to the S&P 500 added 0.5%, pointing to a optimistic begin to the week after the broad-market index fell reasonably for 2 weeks in a row. Nasdaq-100 futures rose 0.8%, suggesting beneficial properties for know-how shares after the opening bell. Learn our full market wrap right here.

Bitcoin regained some floor after touching multi-month lows Sunday and traded round $37,000, a 5% rise from Friday at 5 p.m. ET.

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What’s Coming Up
Earnings are due from

America’s Automobile-Mart

CRMT 0.62%

and

Lordstown Motors

RIDE -1.24%

after the shut.

A web-based convention hosted by CoinDesk begins Monday. Federal Reserve governor

Lael Brainard

speaks on digital currencies at 9 a.m. ET

Market Movers to Watch

Virgin Galactic

SPCE 6.36%

shares soared 19% premarket. The space-travel firm mentioned it accomplished the primary human area flight from New Mexico on Saturday.

Moderna

MRNA -2.72%

shares added 1.8% forward of the bell. Over the weekend it reached an settlement with

Samsung Biologics

to provide Moderna’s Covid-19 vaccine.

A healthcare employee from the El Paso Fireplace Division administered the Moderna Covid-19 vaccine in El Paso, Texas, Might 7, 2021.

Picture:jose luis gonzalez/Reuters

Cabot Oil & Gasoline

COG 0.34%

and

Cimarex Vitality

XEC -0.50%

mentioned they might mix in a merger of equals. Shares of each firms slipped 1% premarket.

AMC Leisure

AMC -3.75%

shares gained 1.6% premarket. The movie-theater chain’s largest shareholder, China’s Dalian Wanda Group, has bought most of its shares, in accordance with a securities submitting on Friday.

Nvidia

NVDA 2.60%

shares rose 1.2% premarket. The chip maker on Friday proposed a 1-for-4 inventory cut up, the most important in its historical past.

Goal Hospitality

TH 3.20%

shares jumped 4.5% premarket after the supplier of rental lodging and catering providers reported quarterly earnings and raised its outlook for the yr.

Apple

AAPL -1.48%

shares edged up 0.6% premarket. Epic Video games’ courtroom battle in opposition to Apple is anticipated to finish Monday with a debate-style format through which the decide will drill all sides with questions on their circumstances.

Splunk

SPLK 1.54%

shares rose 0.8% premarket.

UBS

on Friday lifted its score of the cloud-software firm’s inventory from promote to impartial, although it additionally minimize its worth goal.

Market Info
Buyers that held on to footwear-and-apparel firm VF Corp. shares for the previous 10 years have seen whole shareholder returns of just about 390%, greater than seven instances a basket of friends.

The median existing-home worth rose to $341,600 in April, the very best on report, the Nationwide Affiliation of Realtors mentioned Friday. The annual worth appreciation of greater than 19% was the strongest in information going again to 1999.

Chart of the Day
Gross sales of collateralized mortgage obligations, securities backed by bundles of dangerous company loans, are hitting information, lifted by a recovering financial system and demand from yield-starved buyers.

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