An individual sporting a face masks walks alongside Wall Street after additional circumstances of coronavirus had been confirmed in New York, March 6, 2020.Andrew Kelly | ReutersThis is a reside weblog. Test again for updates.9:33 am: Stocks begin the week lowerU.S. equities began the week within the purple, as an uptick in circumstances of the coronavirus within the U.S. and overseas apprehensive buyers concerning the financial system reopening efficiently. The Dow Jones Industrial Common fell 75 factors, or 0.35%. The S&P 500 was 0.26% decrease. The technology-heavy Nasdaq Composite was flat, helped by good points in Microsoft and Apple. — Fitzgerald9:25 am: Market to open flat to lowerMinutes earlier than the opening bell, futures on the Dow Jones Industrial Common rose by 100 factors, or 0.5%, however the 30-stock benchmark was set for a gap lack of about 100 factors. The hole between the route of futures and the “implied open” is partly attributable to futures expiration on Friday. S&P 500 futures and Nasdaq-100 futures gained 0.5% and 0.7%, respectively, implying a flat open for each indices. —Li9:10 am: Cowen raises price goal on Apple to $400 from $335Cowen stated Apple is primed for the 5G improve cycle when it begins later this 12 months. “We’re elevating our iPhone cargo forecasts based mostly on our newest discipline work and revising our P/E valuation multiples for the iPhone enterprise forward of the 5G improve cycle, and for the Companies section on increasing recurring revs and peer multiples,” analyst Krish Sankar stated. “We stay bullish on Apple’s stock and consider it as a defensive identify with a stock multiple-enhancing Companies section that continues to learn from the do business from home & distance studying surroundings, & a cash movement producing iPhone enterprise that ought to speed up as we enter a 5G improve cycle,” he added. Shares are up 0.53% in premarket buying and selling. —Bloom8:48 am: Sherwin-Williams ups steerage on better-than-expected salesShares of Sherwin-Williams rose greater than 2% throughout Monday’s premarket buying and selling after the corporate elevated its gross sales steerage for the present quarter. The corporate now expects web gross sales to lower year-over-year by a mid-single digit share, in contrast with prior estimates of a low to mid-teens share drop. “We’re elevating our second quarter gross sales steerage given our capability to seize and serve better than anticipated demand in our North American architectural companies,” stated chairman and CEO John Morikis. Shares of the paint producer have gained 41% within the final three months. – Stevens8:21 am: JPMorgan initiates protection on Nikola, sees greater than 30% drop ahead8:13 am: Microsoft, different tech names rise earlier than the bellShares of fashionable client expertise firms rose in premarket buying and selling with Microsoft and Apple up 0.7% every. Traders have purchased into the resilient expertise shares over the previous couple of months amid the coronavirus pandemic. E-commerce hub Amazon rose 0.5% earlier than the opening bell whereas Zoom Video added 1.3%. On-line cost firms Mastercard, PayPal and Visa gained about 1%, 0.7% and 0.35%, respectively. — Franck8:09 am: Retailers rise after Wall Street upgradesSome big-name retail stocks rose in premarket buying and selling Monday after being upgraded by Wall Street analysts. Hole jumped greater than 5% after Wells Fargo upgraded the stock to obese from underweight, saying the market undervalued the corporate’s Athleta model and calling the stock “a compelling danger/reward.” Walmart rose 0.7% after being upgraded to purchase from impartial by UBS. Different rising retailers embrace Greenback Basic and Mattress Bathtub & Past. — Pound7:55 am: Futures acquire is a bit misleadingDow futures had been up 150 factors in early buying and selling Monday, however the strikes indicated a gap lack of about 60 factors. The large hole between the route of futures and the “implied open” is because of futures expiration on Friday, in addition to latest market volatility. “The futures are buying and selling so much larger this morning, however that may be very deceptive…as a result of they fell considerably on Friday between 4:00 (when the cash market closed) and 4:15 (when the futures closed),” Matt Maley, chief market strategist at Miller Tabak, stated in a notice. “Subsequently, most of this morning’s bounce within the futures is merely taking again what it misplaced after the shut of buying and selling on Friday.” — Li7:51 am: American Airways looking for $3.5 billion in new financingAmerican Airways introduced on Sunday that it is trying to safe $3.5 billion in new financing to enhance its liquidity because it copes with journey restrictions launched by the coronavirus. American plans to lift $1.5 billion by means of gross sales of fairness and convertible notes due in 2025, the corporate stated in a press release. In the meantime, the airline stated it’ll provide one other $1.5 billion in senior secured notes and that it is looking for a $500 million time period loan facility due 2024. American shares fell 8.5% in premarket buying and selling, whereas United, Delta and Southwest dropped 4%, 2.6% and a pair of%, respectively. — Franck7:49 am: Coronavirus circumstances on the riseRecent knowledge present that coronavirus circumstances within the U.S. and overseas are rising. The most important single-day improve in international coronavirus circumstances was recorded on Sunday, in response to the World Well being Organisation, after greater than 183,000 new circumstances had been reported worldwide. The U.S. noticed greater than 36,000 new circumstances reported on Sunday after greater than 30,000 new circumstances had been reported on each Friday and Saturday. Nevada, Florida, California and Arizona have reported record-high single-day infections as their economies try to open from the shutdown. Widespread testing is contributing to the uptick in reported circumstances. — Fitzgerald 7:38 am: Stock futures higherDow Jones Industrial Common futures had been larger by about 100 factors. S&P 500 futures and Nasdaq-100 futures had been additionally barely larger. Main U.S. stock averages are coming off their fourth weekly good points in 5 weeks. Beneficial properties had been capped on latest upticks in new coronavirus circumstances. — Franck— CNBC’s Jesse Pound and Pippa Stevens contributed reporting.Subscribe to CNBC PRO for unique insights and evaluation, and reside enterprise day programming from all over the world.