BusinessTesla, Liminal BioSciences, BlackBerry, Stitch Fix: What to Watch...

Tesla, Liminal BioSciences, BlackBerry, Stitch Fix: What to Watch When the Stock Market Opens Today

-


Here’s what we’re watching ahead of Monday’s opening bell.

  • U.S. stock futures wavered, indicating that markets could make muted moves after closing near record levels last week.
  • Futures tied to the S&P 500 edged up 0.1%. The index rose to its second-highest close in history Friday after the monthly employment report showed the labor market continued its slow recovery in May. Futures on the Nasdaq-100 ticked down 0.1%, pointing to mild declines in large technology stocks. Read our full market wrap here.
What’s Coming Up
Market Movers to Watch
  • Liminal BioSciences


    LMNL 28.61%

    shares soared 45% premarket. The Food & Drug Administration approved Ryplazim for treatment of patients with plasminogen deficiency type 1, which is the company’s first drug approval. The FDA said this is the first approved treatment for the rare genetic disorder.

  • QTS Realty Trust


    QTS 21.18%

    jumped 22%. Blackstone’s infrastructure unit, together with its nontraded real-estate investment trust, known as BREIT, have agreed to buy QTS for $78 a share, the companies plan to announce Monday.

  • Tesla


    TSLA 1.01%

    shares slipped 0.5% ahead of the bell. The electric-car maker is pulling the plug on its Model S Plaid Plus electric car,

    Elon Musk

    said Sunday, because the regular Plaid is “so good.”

Tesla vehicles were displayed in a Manhattan dealership on Sept. 08, 2020 in New York City.



Photo:

Spencer Platt/Getty Images

Market Facts
  • U.S.-stock funds tracked by Refinitiv Lipper (including mutual funds and exchange-traded funds) squeaked out an average return of 0.5% in May, to push their gains for the year to 14.2%. It was the seventh straight monthly gain for U.S.-stock funds.
  • Brent crude prices on Friday reached their highest settle value since May 2019 at $71.89 a barrel.
Chart of the Day
  • Scams are running rampant in the cryptocurrency markets as a huge rally in bitcoin, a lack of regulation and the anonymity of digital money have created a ripe environment for fraudsters.
Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Chris Hogan Left Lacrosse. A League Has Given Him, and Others, a Path Back.

In high school, Chris Hogan didn’t see a path forward in lacrosse.He played three years at Penn State,...

How to Watch the Westminster Dog Show

When and where is the Westminster dog show?The Westminster Kennel Club Dog Show this year is in a...

Yankees Rally to Tie Before Losing in Extra Innings

PHILADELPHIA — Jean Segura scored Ronald Torreyes with an infield single in the 10th inning for his second...

FDA Details Failures at Baltimore Plant That Spoiled Vaccine Doses

A Baltimore factory that rendered useless 75 million doses of a coronavirus vaccine developed by Johnson & Johnson...

French Open Champion Krejcikova Thanks Her Mentor, Novotna

There were rare moments of agitation, including one shout to her player box during Saturday’s final, but Stubbs...

Denmark’s Christian Eriksen collapsed on the field. He is responsive and awake.

Denmark midfielder Christian Eriksen collapsed to the field late in the first half of his team’s game against...

Venezuela Faces Coronavirus Outbreak Ahead of Copa América Tournament

At least a dozen Venezuela players and staff members have tested positive for the coronavirus a day before...

Must read

Chris Hogan Left Lacrosse. A League Has Given Him, and Others, a Path Back.

In high school, Chris Hogan didn’t see a...

How to Watch the Westminster Dog Show

When and where is the Westminster dog show?The...

Yankees Rally to Tie Before Losing in Extra Innings

PHILADELPHIA — Jean Segura scored Ronald Torreyes with...

FDA Details Failures at Baltimore Plant That Spoiled Vaccine Doses

A Baltimore factory that rendered useless 75 million...

French Open Champion Krejcikova Thanks Her Mentor, Novotna

There were rare moments of agitation, including one...

You might also likeRELATED
Recommended to you