Here’s what we’re watching before Monday’s trading action begins.
—U.S. stock futures wobbled, signaling a mixed start to the week for major indexes.
Futures tied to the S&P 500 wavered between gains and losses. Contracts for the technology-focused Nasdaq-100 rose 0.4%, suggesting the tech sector will edge higher at the opening bell in New York. Read our full market wrap.
What’s Coming Up
—Earnings are due from
and
after markets close.
—U.S. existing-home sales, due at 10 a.m. ET, are expected to fall to an annual pace of 6.5 million in February from 6.69 million a month earlier.
Market Movers to Watch
—
shares shot more than 16% higher premarket after rival
agreed to acquire the railroad company in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
shares slipped 3%.
A Kansas City Southern locomotive passed through Knoche Yard in Kansas City, Mo. Jan. 7, 2020.
Photo:
Whitney Curtis/Bloomberg News
—Shares of
a technical-support services and cloud-based software firm with a market cap of around $41 million, rocketed 99% higher premarket after it set a merger deal with Greenidge Generation.
—
shares are up 3.2% ahead of the bell. Technoking of Tesla
on Saturday told a high-level conference in China that the company would never provide the U.S. government with data collected by its vehicles in China or other countries. His assurance came after the Chinese government’s decision to restrict the use of Tesla cars by military personnel or employees of key state-owned companies.
—
shares edged down 0.3% premarket. The U.S. investment group made a takeover offer for Australian casino operator Crown Resorts valued at $6 billion, as regulators investigate Crown’s business practices and threaten to rescind its casinos licenses.
Market Fact
The Dow Jones Transportation Average on Friday marked its seventh consecutive week of gains. It is its longest winning streak since the week ending March 18, 2016, when the market rose for nine straight weeks.
Chart of the Day
Returns on investment-grade corporate bonds from companies including
are having their second-worst start on record.
Must Reads Since You Went to Bed
GameStop to Release First Earnings Report Since Reddit-Fueled Stock Rally
Turkish Lira Falls After Erdogan Fires Central Bank Chief
High-Income Tax Avoidance Far Larger Than Thought, New Paper Estimates
Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More:Kansas City Southern, Tesla, Support.com: What to Watch When the Stock Market Opens Today
2021-03-22 11:16:58
