Stock futures are slipping, pointing to another day of losses as investors prepare for a meeting of Federal Reserve policy makers and earnings from big technology companies.
- Cryptocurrencies were broadly lower, with bitcoin down 7.8% from its Friday 5 p.m. ET level, and crypto stocks were dropping along with them. Crypto exchange
fell 7.4% premarket. Bitcoin miners were especially hard hit, with
down 11% and
down 9.6%.
-
nudged up 1.4%, swimming against the broader current in markets. An activist investor wants the stationary-bike maker to fire its chief executive and explore a sale after its stock plummeted more than 80% from its high, as growth slowed.
-
results are due before the opening bell.
-
soared 28% premarket. In a letter, Engine Capital urged Kohl’s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the department-store chain’s turnaround.
U.S.-traded shares of
jumped 6.2% after reports that activist hedge fund Trian Fund Management had bought a stake in the packaged-food and consumer-goods company in the wake of its failed bid for part of GlaxoSmithKline.
The U.K.’s
rose 4.7% after Reuters reported that the telecom is in talks with Iliad to combine their units in Italy.
IBM,
and
are among the companies reporting earnings after Monday’s close.
Chart of the Day
- The financial industry has spotted an opportunity to make money by helping people feel good about themselves. But these investments don’t do much to make the world a better place, writes James Mackintosh in the first in a series of Streetwise columns about funds guided by environmental, social and governance principles, known as ESG.
Write to James Willhite at james.willhite@wsj.com
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Read More:Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch When the Stock Market Opens Today
2022-01-24 11:41:00