Alibaba, AstraZeneca: What to Watch When the Stock Market Opens Today
28 Dezember 2020 - 1:23PM
Dow Jones News
By Caitlin Ostroff
Here's what we're watching as markets open Monday.
U.S. stock futures rose after President Trump signed a Covid-19
aid bill that he had criticized last week, putting an end to
uncertainty about the rollout of the relief spending package.
Futures tied to the S&P 500 climbed 0.6%, indicating that the
broad market index will open higher after the New York opening
bell. Read our full market wrap here.
Market Movers to Watch
-- U.S.-listed shares of Alibaba Group Holding fell 1.6% ahead
of the New York open after Chinese financial regulators moved to
rein in Ant Group, the financial-technology giant controlled by
billionaire Jack Ma. Alibaba, the e-commerce giant Mr. Ma
co-founded, owns a third of Ant. Hong Kong-listed shares in Alibaba
tumbled 8% Monday.
-- AstraZeneca shares in the U.S. rose 5.4% in premarket trading
after the Financial Times reported that the U.K. is planning to
approve a Covid-19 vaccine produced by it and University of Oxford
in the coming days.
-- Nano Dimension fell over 13% in offhours trading after the
company said it would sell 33.3 million American Depositary Shares
at $7.50 apiece in a registered direct offering.
Market Fact
For the year through November, stock picking hedge funds posted
their best performance relative to the total-return of the S&P
500 since 2010, according to data provider HFR, earning 11.9%.
Chart of the Day
Eyeing low rates and financial pressure tied to Covid-19,
higher-education institutions are issuing a record amount of debt
this year.
Must Reads Since You Went to Bed
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Record
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Companies Seek to Green the Grid With Trash Gas
China Tells Ant Group to Refocus on Its Payments Business
China Envisions Its Digital-Currency Future, With Lotteries and
a Year's Worth of Laundry
Covid-19 Upended Americans' Finances, Just Not in the Ways We
Expected
(END) Dow Jones Newswires
December 28, 2020 07:08 ET (12:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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