Tesla, Zoom, Nike: What to Watch When the Stock Market Opens Today
- Date: 21-Dec-2020
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Tesla, Zoom, Nike: What to Watch When the Stock Market Opens Today
Here's what we are watching as markets kick into gear Monday.Futures tied to the S&P 500 dropped more than 2%, as a fast-spreading strain of coronavirus emerging from England prompted fresh travel restrictions, dealing another blow to prospects for the global economic recovery. Futures linked to the technology heavy Nasdaq-100 index fell 1.3%.
What's Coming Up Tesla joins the S&P 500 today after closing at its latest record high on Friday. Shares in the electric vehicle maker dipped 5.5% premarket.
Financial data provider FactSet publishes quarterly earnings today, as does industrial machinery maker Enerpac Tool Group . In Washington, Congress will look to move forward on legislation for a $900 billion Covid-19 relief plan that leaders agreed upon over the weekend.
Market Movers to Watch —Shares in travel companies dipped premarket amid fears of further travel restrictions. Delta Air Lines fell 9%, Southwest and United fell more than 6%, and Royal Caribbean shed 8.7%. Boeing was off nearly 7%.—Energy companies