What to watch today: Wall Street under pressure on concerns about new Covid strain

What to watch today: Wall Street under pressure on concerns about new Covid strain

BY THE NUMBERSThe Dow was tracking for a sharp decline at Monday's open as airlines, cruise lines and hotel stocks were getting slammed on concerns about a highly contagious new strain of coronavirus in the U.K., which triggered more severe lockdowns and travel restrictions across Europe. While the Dow, S&P 500 and Nasdaq dropped Friday from record highs, they all turned in gains for the week. (CNBC)Enthusiasm over Sunday's long-awaited new stimulus deal on Capitol Hill and the start of shipments of Moderna's (MRNA) vaccine were not enough to turn the tide on Wall Street early Monday. Even shares of red hot Tesla (TSLA) dropped 4% ahead of the electric auto maker officially joining the S&P 500 at Monday's open. Bitcoin wasn't able to hold on to gains after topping $24,000 for the first time ever overnight. (CNBC)One bright spot was Nike (NKE). The company reported quarterly profit of 78 cents per share, 16 cents a share above estimates. Revenue beat estimates as well. The athletic apparel and footwear maker late Friday also raised its full-year sales forecast, saying the pandemic continues to drive demand for outdoor sportswear. Nike, one of the 30 Dow stocks, gained more than 5% in the premarket.