—Technology stocks drove US stock futures higher in earnings a blockbuster week ago. Investors waited for results from companies like
Apple,
AAPL 1.61%
Tesla
TSLA 0.20%
and
Facebook.
FB 0.60%
Futures linked to the S&P 500 rose 0.1%, while contracts linked to the Nasdaq-100 rose 1%.
– Revenues are due on
Steel dynamics
STLD -0.10%
and
Hexcel
HXL -0.45%
after closing.
– The World Economic Forum is hosting a virtual summit this week. Chinese President
Xi Jinping
The speech at 7 a.m. ET highlights today’s agenda. The President of the European Central Bank is one of the panels on Monday
Christine Lagarde
to restore economic growth at 11 am and
Andrew Bailey, Governor of the Bank of England
on digital currencies at 12 p.m.
– Play
GameStop
GME 51.08%
: Video game retailer stocks, at the center of an argument between internet message board day traders and hedge fund short sellers, soar 43%, and more than a million stocks change hands.
– Shares in security software and services companiesblackberry
BB 9.26%
jumped 33% ahead of the market. The stock rose 43% last week after it was reported that it settled a patent fee dispute with Facebook.
– Blank check firm
TS innovation acquisitions
TSIA -0.29%
shot 83% higher ahead of the market. Tishman Speyer sponsored SPAC is merging with Latch in a deal that will bring the smart lock maker to the public.
– stocks of the consumer goods company
Kimberly-Clark
KMB 0.92%
gained 1.1% after reporting quarterly results on Monday morning that exceeded forecasts.
– –
Merck
MRK -0.25%
Shares were down 1.2% ahead of the market after it was announced Monday that development of the two experimental Covid-19 vaccines would be halted after early data from clinical trials showed the shots had disappointing immune responses to the virus caused.
– –
NCR
NCR -1.56%
Shares gained 1.7% prior to going public. The company, formerly known as
NCR,
NCR -1.56%
completes an acquisition of
Cardtronics
That would value the ATM operator at $ 39 per share, or around $ 1.7 billion, outbidding a pair of investment firms that had previously agreed to buy them. Cardtronics shares were down 3.4%.
A sign of the pain short sellers experience:
Goldman Sachs
The basket of 50 stocks with the highest short interest as a share of market capitalization rose a total of 25% through Friday, compared to a total return of 2.4% on the S&P 500.
US-listed companies have Conducted 80 more stock offerings through Friday and raised $ 16.35 billion. Both numbers are records for this point in the year.
Ref: https://www.wsj.com
