Home Economy Disney, DraftKings, Palantir, Li Auto: What to Watch When the Stock Market...

Disney, DraftKings, Palantir, Li Auto: What to Watch When the Stock Market Opens Today

3

This post was originally published on this site

Here’s what we are watching as markets kick into gear Friday.

U.S. stock futures climbed, suggesting most major indexes are headed for a second week of gains. S&P 500 futures were up 0.7% and Nasdaq-100 futures gained 0.6%. Economically-sensitive sectors like energy and banks have been some of the week’s best performers. Read our full market wrap here.

What’s coming up. The U.S. producer price index for October, due at 8:30 a.m. ET, is expected to rise 0.2% from the prior month. The University of Michigan’s preliminary consumer sentiment index for November, due at 10 a.m., is expected to hold fairly steady, reflecting the crosscurrents of an uncertain election, stock market gains, rising employment and more Covid-19 cases.

Market Movers to Watch

 Palantir Technologies began trading on the New York Stock Exchange on Sept. 30.

Palantir Technologies began trading on the New York Stock Exchange on Sept. 30.

Photo: PHOTO: NICOLE PEREIRA/NYSE/EPA/SHUTTERSTOCK


Cisco
shares rose 7.3% premarket after the company reported better-than-expected earnings, and an outlook that exceeded Wall Street’s expectations.

—Walt
Disney
climbed 4.3% premarket after reporting better streaming figures than expected, and a narrower loss than analysts had predicted.


Li Auto
jumped more than 20% premarket after the electric-vehicle maker reported a quarter-on-quarter rise in revenue and gross margin.

—Palantir shares rose more than 4%. The data analysis company raised its annual revenue outlook Thursday after it posted better-than expected sales in its first quarterly report since going public in September.

—Biopharmaceutical firm
Urovant Sciences
leapt 90% after majority shareholder Sumitovant Biopharma agreed to buy the company’s remaining shares.

Must Reads Since You Went to Bed

Investors Flock to SPACs, Where Risks Lurk and Track Records Are Poor

Some Grocers Brings Back Purchase Limits as Covid-19 Cases Rise

Tesla CEO Elon Musk Says He Tested Both Positive and Negative for Covid-19

China’s Health-Care Listings Break Records

Beijing Attacks America’s New Investment Blacklist

How Joe Biden’s Tax-Increase Wish List Could Affect You