That’s what we’re seeing as markets kick off on Tuesday.
–US stock futures rose while investors cautiously welcomed signs of progress in negotiations on an economic relief package in Washington.
S&P 500 futures rose 0.7%, suggesting the benchmark may open more after falling on Monday for the fourth day in a row. Nasdaq-100 index futures, with a lot of technology, rose 0.8%.
Read our full market summary here.
What’s going on?
—Nordson, which manufactures adhesive dispensing equipment, sealants and coatings, reports its quarterly earnings after markets close.
—Data published at 9:15 am ET is expected to show that US industrial production increased in November due to strong demand for cars.
Market Movers to Watch
– Interactive software Take-Two TTWO 0.56%
it rose 0.6% before the market, as it had previously fallen to 2%. Rival video game publisher Electronic Arts Inc. said Monday it reached a $ 1.25 billion deal to acquire Codemasters, which had been evaluating a previous Take-Two bid.
—Actions of Prevail Therapeutics Inc..
increased 95% in pre-market trading after Eli Lilly & Co. agreed to buy the company for up to $ 1.04 billion, or $ 26.50 per share, in cash. – Occidental Petroleum OXY 0.21%
marked 1.9% more before the bell, after falling more than 8% yesterday. Tesla will have to replace the main oil company in the S&P 100 index.
FDA approval of Moderna shot could expand access to Covid-19 vaccine across US
Photo:
Associated press
—Investment and apartment management fell by more than 85% in the premarket. The company said today that it had separated its businesses into two differentiated, publicly traded companies, with some assets listed under the same ticker, AIV.
—Modern shares rose 1.7% before the market. The Food and Drug Administration said Tuesday that its Covid-19 vaccine is “highly effective,” suggesting it could soon be added to the pandemic’s arsenal.
Market fact
—The best performing stocks in this year’s Stoxx Europe 600 index are Sinch AB, which brings companies and consumers together with smartphones. Its shares are up 332% as of Tuesday, easily surpassing Europe’s second-best performer, the HelloFresh SE food package delivery service, up 214%.
Table of the day
Stock buyers have been taking shares of real estate companies that are defeated but will benefit from the eventual reopening of the economy.
I have to read since you went to bed
High-frequency traders are getting closer to the speed of light with cutting-edge cables
China’s economy continues to recover broadly despite Covid-19 overvoltage elsewhere
Twitter fined $ 546,000 in first cross-border GDPR case for US tech company
Fannie, Freddie Privatization decisions that will likely be left to the Biden administration
The biggest real estate losers enjoy a bounce month
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