–Equity futures and government bonds climbed On Monday, investors awaited a number of Federal Reserve speakers and data on the manufacturing sector.
Futures linked to the S&P 500 rose 1.2% and contracts for the Nasdaq-100 rose 1.4%. The big progress came when yields on 10-year treasury notes, the standard borrowing cost on global debt markets, fell from 1.445% on Friday to 1.428%. Read our full market cover.
What’s up
–Earnings are due from Zoom Video Communications ZM 5.07%
and enable SWCH 0.95%
after closing.
–IHS Markit US Manufacturing Index for February, at 9:45 a.m. ET, is expected to be steady at 58.5, unchanged from a reading. The production index of the Institute of Supply Management for February at 10 a.m. is expected to be 58.9 higher than 58.7 a month earlier.
–US construction spending for January, expected at 10:00, it is expected to increase by 0.8% over a month earlier.
Market shifters to look at
– PLTR Palantir 4.35%
shares jumped 6.2% ahead of the clock. The move indicates a directional shift after the stock had its biggest weekly sales since its publication.
– Apollo endosurgery APEN 20.90%
increased 37% pre-market. On Monday morning, one of its products received an FDA designation as a breakthrough for medical devices, which could allow patients access more quickly.
– NRG Energy NRG 16.80%
the stock is 13% higher than the market after reporting its full annual results and maintaining its lead for 2021.
– Teladoc Health TDOC 2.84%
shares reached 3.7% futures market. Investors seem to think that even an explosion by the vaccine could not promote the provider of remote medical care via phone and internet.
– Johnson & Johnson JNJ 1.13%
shares added 2.2% pre-market. The first single-dose Covid-19 vaccine, a shot from Johnson & Johnson, was allowed to be used, a major boost to a mass vaccination campaign that ended the deadliest pandemic in more than a century.
A banner bearing the Palantir Technologies logo on the New York Stock Exchange on the day of their initial public offering, September 30, 2020.
Photo:
andrew kelly / Reuters
– Berkshire Hathaway BRK.B 3.46%
Class B shares achieved 2.8% futures market. The conglomerate made an increased fourth-quarter profit on Saturday, with Warren Buffett using his annual mission to investors to explain a recent increase in share buybacks.
Markfeit
Crude contracts jumped early Monday as the solid US aid plan Covid-19 moved closer to confirmation and after Tehran rejected direct nuclear talks, the outlook for oil in the market in Iran diminished.
Chart of the day
The pandemic savings glow has flooded German banks, urging them to charge negative rates on deposits and to offer customers ways to transfer money to other parts of Europe.
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Corrections and reinforcements: Treasury yields are lower on Monday. An earlier version of this article states that they were up.
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