Peloton, Coca-Cola, Tesla: what to look for when the stock market opens today

Here’s what we’re looking for before Monday’s opening clock.

  • US equities have faltered, indicating that major indices will break after the records were reached late last week.
  • Futures linked to the S&P 500 fell 0.2%. Contracts linked to the Dow Jones industrial average declined 0.1% and Nasdaq 100 futures slipped 0.4%. Bitcoin recovered from a weekend slump and rose 0.6%. Read our full market cover.
What’s up
  • Earnings are due of United Airlines UAL -1.04%

    and IBM.

    IBM -0.46%

  • The HC Wainwright Spring Mining Conference launches two days of virtual offerings from companies including Endeavor Silver,

    EXK -1.61%

    Equinox Gold EQX -1.22%

    and Excellon Resources.

    EXN 0.55%

Market shifters to look at
  • Herman Miller MLHR -9.82%

    shares fell by 12% before market. The furniture maker said early Monday it was taking on rival Knoll.

    KNL 33.26%

    Knoll’s shares rose 30%.

  • Coca-Cola KO 0.48%

    Shares rose 0.8% after reporting earnings for the last quarter before the announcement.

  • Peloton Interactive PTON -5.09%

    shares fell 6.5% ahead of the clock. A federal security agency over the weekend urged people with young children or pets to quit the company’s careers. The move by the Consumer Product Safety Commission comes after its investigation into the death of a child involving one of the machines revealed dozens of cases of injuries. Peloton calls the report ‘inaccurate and misleading’.

  • US shares of AnPac ​​Bio-Medical Science ANPC based in China 9.05%

    shot 17% higher pre-market. The company pointed to strong demand in the first quarter for its paid tests based on cancer analysis technology, which set a record-high Q1 test volume. ‘

  • Shares of clean energy fuels CLNE 20.11%

    jumped 26% pre-market. The company said it had signed an agreement with Amazon AMZN 0.74%

    to provide natural gas with low and negative carbon dioxide.

  • XBiotech XBIT 3.15%

    shares rose 7% ahead of the market. The biopharmaceutical company said Monday it has received FDA approval to begin a Phase I / II clinical trial with its new drug candidate, XB2001, in patients with pancreatic cancer.

  • Tesla TSLA -4.51%

    shares fell 2.4% to market. Two men died after a Tesla vehicle, according to authorities, worked without anyone crashing into a tree in the driver’s seat north of Houston on Saturday night.

Shoppers walked past the Tesla Inc. showroom in the Chamtime Plaza in Shanghai, China on March 8, 2021.


Photo:

Qilai Shen / Bloomberg News

Market facts
  • Money has poured into two iShares ETFs that follow the S&P Global Clean Energy Index. Combined with the gains for the shares they own, the funds doubled their value fivefold to about $ 14.2 billion in about five months, before falling back to about $ 10 billion.
  • As investors weigh in on the prospect of a normal return, denim maker Levi Strauss’s share price has risen about 45% to date, while legendary juggernaut Lululemon Athletica’s has fallen 6.9%.
  • On this day in 1933, the day after President Franklin D. Roosevelt devalued the US dollar, the stock market soared, with the Dow Jones industrial average jumping 5.66 points, or an almost 9% record, to 68.31.
Chart of the day

A large onslaught of foreign-owned Chinese government bonds halted, with international investors taking a break from their purchases as China’s interest rate advantage over the US shrank.

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