S&P 500, Bitcoin, Li Auto: What to Watch When the Stock Market Opens Today

S&P 500, Bitcoin, Li Auto: What to Watch When the Stock Market Opens Today

U.S. stock futures fell as jitters in China’s indebted property sector rippled into global markets. Here’s what we’re watching ahead of Monday’s trading session.

The Cboe Volatility Index—Wall Street’s so-called fear gauge, also known as the VIX—ticked up to 25.44, its highest level since mid-May.

Shares of banks and financial services companies, which tend to be among the most economically sensitive stocks, declined premarket. Bank of America and Goldman Sachs Group shares each fell 2.6%.

Energy stocks fell premarket as futures for Brent crude, the benchmark in international energy markets, fell 1.8% to $73.99 a barrel. Shares of Occidental Petroleum fell 4.9%, Devon Energy declined 4% and Marathon Oil shed 3.3%.

Shares of bitcoin mining stocks fell alongside the price of the world’s largest cryptocurrency by market value. Hut 8 Mining shares fell 5.6% and Marathon Digital Holdings declined 6.1% premarket. Bitcoin’s dollar value fell 5.6% to $44,916.26 from its 5 p.m. ET level Sunday.

U.S.-listed shares of Li Auto fell 3.8% premarket