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%.
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
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.
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
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
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.