Here’s what we are looking at as markets open on Monday for the first trading session of 2021.
–U.S. stock times rose with the hope that continued government encouragement and the roll-out of coronavirus vaccines will be good for equality. S&P 500 futures rose 0.4% on Monday, while Dow Jones-lined contracts lined 0.4%, signaling gains for both criteria after the opening bell. Read the full market pack here.
What’s coming up
– The U.S. IHS Markit manufacturing index for December is out at 9:45 am ET.
– Construction spending for November, at 10m, is expected to increase by 1.1% from the previous month.
Market trends to watch
– Tesla TSLA 1.57%
shares rose 2% pre-sale. Electric vehicle manufacturers ’sales rose in 2020 despite a decline in global demand for new cars due to the Covid-19 pandemic. Tesla said Saturday it delivered 499,550 vehicles worldwide last year, up from about 367,500 the year before.
Motorists charge their vehicles at Tesla’s supercharging spot, Dec. 30, 2020, in Limon, Colo.
Photo:
David Zalubowski / Associated Press
– Roku gained 2.3% in pre-sale trading after The Wall Street Journal reported that Quibi is in positive talks to sell their content catalog to Roku, as the short-form streaming service goes down on her work after an unsuccessful run.
—Sailean in The9 Limited.,
NCTY 3.51%
a China-based internet company rose more than 50% pre-sale after the company said it had signed an investment term page with investors to start a cryptocurrency business.
– Shares listed by three of China’s three major telecom carriers fell pre-sale after the New York Stock Exchange moved to deliver all three to comply with a U.S. government ban. Shares in China Mobile CHL 0.88%
declined 4.3%, China Telecom CHA -0.04%
fell 5.6% and China Unicom CHU -1.56%
margin down 3.9%.
–Bcoin fell more than 6% against the dollar on Monday, trading nearly 1 bitcoin buying $ 31,130.69. Bitcoin rallied strongly in the last two months of 2020 when a series of well-known investors and companies revealed bitcoin grips.
– Shares in FLIR Systems FLIR 0.05%
they accumulated more than 20% after Teledyne Technologies agreed to buy FLIR in a cash-and-stock deal worth around $ 8 billion.
– Calithera CalA Biologies -3.91%
more than 50% of premarkets fell after cancer treatment under development failed to the top finish in a study. In response to the findings, the company said it would cut about 35% of its employees.
Market information
The Dow Jones industrial average, the S&P 500 and the Nasdaq Composite fell more than 100 closures in 2020. The Dow rose 7.2% for 2020, the S&P 500 jumped 16% and the Nasdaq rose 44%. The Russell 2000 index of smaller stocks gained 18%.
Chart of the day
Investors ended one of Wall Street’s wildest years by hoarding everything from bitcoin to emerging markets, raising expectations of a powerful economic return. ‘Fuel even more benefits.
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