This is what we are watching as markets open on Monday for the first trading session of 2021.
–US futures rise with the hope that continued government stimulation and the introduction of coronavirus vaccines will indicate good returns for equities. The futures contract linked to the S&P 500 rose 0.4% on Monday, while contracts traded on the Dow Jones industrial average rose 0.4%, indicating gains for both meters after the opening clock. Read our full market cover here.
What’s up
The US manufacturing index of IHS Markit for December is at 09:45 ET.
-Related construction expenditure for November, which will take place at 10:00 before the morning, will increase by 1.1% compared to the previous month.
Market shifters to look at
– Tesla TSLA 1.57%
shares rose by 2% before market. Sales of electric vehicles rose in 2020 despite a drop in global demand for new cars during the Covid-19 pandemic. Tesla said on Saturday that it delivered a record 499,550 vehicles worldwide last year, up from about 367,500 the previous year.
Motorists load their vehicles at a Tesla loading dock on December 30, 2020 in Limon, Colo.
Photo:
David Zalubowski / Associated Press
—Roku gained 2.3% in after-market trading after The Wall Street Journal reported that Quibi was in advanced talks to sell its content catalog to Roku, as the short-term service was closing down after an unsuccessful run.
—Shares in The9 Ltd.,
NCTY 3.51%
an Internet company in China, rose more than 50% after the company said it had signed an investment term with investors to start a cryptocurrency business.
—US-listed shares of China’s three major telecommunications companies fell to the forefront after the New York Stock Exchange listed the trio to comply with the US government ban. Shares in China Mobile CHL 0.88%
decreased 4.3%, China Telecom CHA -0.04%
it fell by 5.6% and China Unicom CHU -1.56%
decreased by 3.9%.
—Bitcoin fell more than 6% against the dollar on Monday, trading close to 1 bitcoin and buying $ 31,130.69. Bitcoin has risen sharply over the past two months of 2020 as a series of well-known investors and companies unveiled bitcoin holdings.
—Shares in FLIR Systems FLIR 0.05%
rose more than 20% after Teledyne Technologies agreed to buy FLIR at a cash-and-share value of approximately $ 8 billion.
– Calithera Life Sciences CALA -3.91%
has dropped more than 50% pre-market after a cancer treatment under development could not reach the primary endpoint in a study. In response to the results, the company said it would reduce about 35% of its staff.
Markfeit
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite broke more than 100 records in 2020. The Dow rose 7.2% by 2020, the S&P 500 jumped 16% and the Nasdaq 44%. The Russell 2000 Index of Smaller Shares rose 18%.
Chart of the day
Investors ended one of Wall Street’s wildest years on record by piling on everything from bitcoin to emerging markets, raising expectations that a strong economic return would fuel even more profits.
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