Here’s what we are watching as markets kick into gear Monday.
—U.S. stock futures rose on optimism that talks for additional stimulus are progressing and that the rollout of Covid-19 vaccines could help stem the pandemic.
Futures tied to the S&P 500 ticked up 0.5%, suggesting the index may edge higher after the New York opening bell. Contracts tied to the Nasdaq-100 Index gained 0.4%.
What’s Coming Up
Market Movers to Watch
—Boston-based Alexion Pharmaceuticals leaped almost 34% in premarket trade after AstraZeneca agreed to buy the company for $39 billion in cash and stock, a move that would bolster the British drug giant’s footprint in rare diseases.
shares fell more than 5% in London.
—The British pound jumped 1.5% against the U.S. dollar and 1.2% against the euro Monday morning, after U.K. and European Union negotiators on Sunday agreed to extend their marathon Brexit talks.
Chart of the Day
Drugmakers have pulled off a remarkable feat: quickly developing vaccines that aim to stem a world-wide pandemic. Investors have been enthusiastic. Now the question is whether some upstarts can justify these windfall share-price gains.