Here’s what we’re watching ahead of Monday’s opening bell.
- U.S. stock futures wobbled, with technology stocks on track to weigh on the broader indexes, following a week that ended with the S&P 500 and Dow Jones Industrial Average notching fresh records.
- Futures tied to the S&P 500 wavered between gains and losses. The index on Friday closed at its 26th all-time high for this year. Nasdaq-100 futures edged down 0.3%, suggesting that technology shares may tick lower after the New York opening bell. Read our full market wrap here.
What’s Coming Up
Market Movers to Watch
- U.S.-traded shares of Germany’s
jumped 9% ahead of the bell. The
vaccine partner said it would set up a new Asia headquarters in Singapore to produce its Covid-19 vaccine and other medicines, as global demand for the lifesaving shots continues to grow.
Group shares climbed 4.6% premarket. On Friday a couple of insiders at the specialty insurer, including its CEO, made share acquisitions.
shares were up 3.6% premarket. The miner could be getting a boost from metals prices, which were also on the rise.
shares edged up 0.2% premarket. Epic Games, in its courtroom battle with the maker of the iPhone, is questioning a core tenet of Apple’s App Store—that its success relies upon rigorous policing of the platform.
edged up 0.4% premarket. The private-equity giant’s move to acquire
and expand its global gambling footprint has been complicated by a new bidder for Australia’s largest casino operator.
- Investors have poured a net $39 billion into municipal-bond mutual funds this year through Thursday, according to data compiled by Municipal Market Analytics, the most over the same period since 2008.
- More than 30 venture-funded tech startups with valuations of more than $150 million announced a deal with a special-purpose acquisition company, or SPAC, within about a year of receiving taxpayer-funded forgivable loans designed to help small businesses pay their employees through the pandemic.
- On this day in 1928, the no-load mutual fund was born as Scudder, Stevens & Clark of Boston launched its First Investment Counsel Corp. (later known as Scudder Income Fund), the first fund that did not charge a sales commission.
Chart of the Day
- A monthslong rise in used-car sales has left bargain-hunters with limited options on lots across the U.S. as some dealers say they don’t expect that trend to end soon.
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