Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch When the Stock Market Opens Today

Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch When the Stock Market Opens Today

Stock futures are slipping, pointing to another day of losses as investors prepare for a meeting of Federal Reserve policy makers and earnings from big technology companies.

Cryptocurrencies were broadly lower, with bitcoin down 7.8% from its Friday 5 p.m. ET level, and crypto stocks were dropping along with them. Crypto exchange Coinbase fell 7.4% premarket. Bitcoin miners were especially hard hit, with Riot Blockchain down 11% and Marathon Digital down 9.6%.

Peloton Interactive nudged up 1.4%, swimming against the broader current in markets. An activist investor wants the stationary-bike maker to fire its chief executive and explore a sale after its stock plummeted more than 80% from its high, as growth slowed.

Halliburton results are due before the opening bell.

Kohl’s soared 28% premarket. In a letter, Engine Capital urged Kohl’s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the department-store chain’s turnaround.

U.S.-traded shares of Unilever jumped 6.2% after reports that activist hedge fund Trian Fund Management had bought a stake in the packaged-food