Take-Two, Occidental Petroleum, Moderna: What to Watch When the Stock Market Opens Today
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear Tuesday.
-- U.S. stock futures edged higher as investors cautiously welcomed
signs of progress in negotiations over an economic-relief package
Futures tied to the S&P 500 rose 0.6%, suggesting the
benchmark index may open higher after falling for a fourth
consecutive day on Monday. Futures for the technology-heavy
Nasdaq-100 index ticked up 0.4%.
Read our full market wrap here.
What's Coming Up
-- Nordson, which makes dispensing equipment for adhesives,
sealants and coatings, reports its quarterly earnings after markets
-- U.S. industrial production data at 9:15 a.m. ET are expected
to register an increase in November on the back of strong demand
Market Movers to Watch
-- Shares of Take-Two Interactive Software fell 2% premarket.
Rival videogame publisher Electronic Arts Inc. said Monday it
reached a $1.25 billion deal to acquire Codemasters, which, had
been evaluating an earlier offer from Take-Two.
-- Occidental Petroleum shares ticked 2.5% higher before the
bell, after falling more than 8% yesterday. Tesla is set to replace
the oil major in the S&P 100 index.
-- Another stock shaken by Tesla: Apartment Investment &
Management. The real-estate investment trust, which Tesla will
replace in the S&P 500, tumbled more than 70% premarket.
-- Shares of the vaccine maker Moderna were down 1% premarket.
The U.S. Food and Drug Administration will release its analysis of
the company's Covid-19 vaccine today.
-- The best performing stock in the Stoxx Europe 600 index this
year is Sinch AB, which links up businesses and consumers on
smartphones. Its shares are up 332% as of Tuesday, handily besting
the second-best performer in Europe, meal-kit delivery service
HelloFresh SE, up a mere 214%.
Chart of the Day
Stock buyers have been scooping up shares of real-estate
companies that are beaten down but stand to benefit from the
economy's eventual reopening.
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(END) Dow Jones Newswires
December 15, 2020 07:11 ET (12:11 GMT)
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