DWAC, Virgin Galactic, Exxon Mobil, DraftKings: What to Watch When the Stock Market Opens Today
- Date: 22-Feb-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Gulf
DWAC, Virgin Galactic, Exxon Mobil, DraftKings: What to Watch When the Stock Market Opens Today
Stock futures are down after Russian President Vladimir Putin ordered the deployment of troops to contested regions of Ukraine. Here’s what we’re watching ahead of Tuesday’s open:
Crude prices are up, hovering just below $100 a barrel, and energy stocks are benefiting. Devon Energy gained 4.5% premarket, Exxon Mobil gained 2.1%, and both Hess and Occidental Petroleum rose 4.1%. Oil-services companies Halliburton and Baker Hughes both gained, by 2.6% and 2.7% respectively. Pipeline operator Williams Cos . gained 2%.
SoFi Technologies slipped 3.1% ahead of the bell. The lender is buying banking-software maker Technisys for about $1.1 billion, the latest in a string of deals designed to transform it into a one-stop financial shop.
Shares of Digital World Acquisition Corp . , the blank-check company that is merging with Donald Trump’s social-media venture, surged 28%. The platform, Truth Social, has gone live in the U.S., but some would-be users reported being unable to create an account or received error messages when trying to do so. Others were
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