Zillow, State Street, Valneva, Coinbase: What to Watch When the Stock Market Opens Today
- Date: 18-Oct-2021
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Zillow, State Street, Valneva, Coinbase: What to Watch When the Stock Market Opens Today
Stock futures are slipping after China’s third-quarter economic growth came in below economists’ forecasts. Here’s what we’re watching ahead of Monday’s opening bell.
Zillow Group dropped 6.7% premarket. The online real-estate company told Bloomberg that it won’t purchase homes for the rest of the year, saying that it was “beyond operational capacity.”
State Street and Albertsons are due to report earnings before the open.
Crude prices were climbing early Monday, boosting the share prices of producers. Occidental Petroleum gained 1% and Diamondback Energy added 0.9%.
Bitcoin was trading above $61,000, and digital-wallet provider Coinbase was up more than 1% before the bell.
U.S.-traded shares of French biotech Valneva soared 41% premarket. It said its coronavirus vaccine candidate outperformed AstraZeneca ‘s in a Phase 3 study, which met both its co-primary endpoints.
Johnson & Johnson , meanwhile, was flat after a panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the Johnson &
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