This is what we see when the markets open on Monday for the first trading session of 2021.
–Future U.S. stock markets rose in the hope that continued government stimulus and the deployment of coronavirus vaccines will bode well for action. S&P 500-linked futures rose 0.4% on Monday, while contracts with the Dow Jones Industrial Average gained 0.4%, pointing to gains for both indicators after the opening bell. Read our full market summary here.
What’s going on?
– The IHS Markit U.S. Manufacturing Index for December comes out at 9:45 am ET.
—US construction spending in November, expected at 10 am, is expected to increase by 1.1% over the previous month.
Market Movers to Watch
– Tesla TSLA 1.57%
shares rose 2% before the market. Electric vehicle manufacturer sales soared in 2020 despite falling global demand for new cars during the Covid-19 pandemic. Tesla said Saturday that it delivered a record 499,550 vehicles worldwide last year, up from 367,500 the previous year.
Motorists load their vehicles at a Tesla overload site on December 30, 2020, in Limon, Colo.
Photo:
David Zalubowski / Associated Press
—Roku gained 2.3% in pre-market trade after the Wall Street Journal reported that Quibi is in advanced talks to sell its content catalog to Roku, as the streaming service suspends its operations after a failed operation.
—Shares in The9 Ltd.,
NCTY 3.51%
an internet company based in China, rose more than 50% before the market after the company said it signed an investment deadline sheet with investors to start a cryptocurrency business.
—The U.S.-listed shares of China’s three largest telecommunications companies fell ahead of the market after the New York Stock Exchange withdrew from the plan to comply with the U.S. government’s ban. Shares in China Mobile CHL 0.88%
fell 4.3%, China Telecom CHA -0.04%
fell 5.6% and China Unicom CHU -1.56%
fell 3.9%.
—Bitcoin fell more than 6% against the dollar on Monday, trading near bitcoin buying $ 31,130.69. Bitcoin was strongly concentrated in the last two months of 2020, as a number of well-known investors and companies unveiled holdings in bitcoins.
—Actions in FLIR FLIR systems 0.05%
it met more than 20% after Teledyne Technologies agreed to buy FLIR in a deal with cash and shares valued at approximately $ 8 billion.
– Calithera Biosciences CALA -3.91%
fell more than 50% before the market after a developing cancer treatment failed to meet the primary primary endpoint of one study. In response to the results, the company said it will reduce its workforce by approximately 35%.
Market fact
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite recorded more than 100 record closures in 2020. The Dow rose 7.2% for 2020, the S&P 500 jumped 16% and the Nasdaq rose a 44%. The Russell 2000 index of smaller capitalization shares rose 18%.
Table of the day
Investors ended one of Wall Street’s wildest years by recording everything from bitcoin to emerging markets, raising expectations that a powerful economic recovery will fuel even more gains.
I have to read since you went to bed
MGM makes a $ 11 billion bid for the Ladbrokes owner
Chinese telecommunications stocks are falling as looms are removed in the United States
Carl Icahn sells more than half of his stake in Herbalife
Roku Nears Deal to buy rights to Quibi content
Those who take risks bet that the bonds backed by assets will be recovered
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