Take-Two, Occidental Petroleum, Moderna: What to Watch When the Stock Market Opens Today

 Take-Two, Occidental Petroleum, Moderna: What to Watch When the Stock Market Opens Today

This post was originally published on this site

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 in Washington.

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 close.

—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 for autos.

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.

FDA approval of Moderna's shot could expand Covid-19 vaccine access across the U.S.

FDA approval of Moderna’s shot could expand Covid-19 vaccine access across the U.S.

Photo: Associated Press


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.

Market Fact

—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.

Must Reads Since You Went to Bed

High-Frequency Traders Push Closer to Light Speed With Cutting-Edge Cables

China’s Economy Continues Broad Recovery Despite Covid-19 Surge Elsewhere

Twitter Fined $546,000 in First Cross-Border GDPR Case for U.S Tech Firm

Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration

Related post