Here’s what we are watching as markets kick into gear Monday.
—U. S. stock futures rose Monday, putting Wall Street on track to open the week with gains afterpromising results on a Covid-19 vaccine trial bolstered hopes for an economic recovery. S&P 500 futures added 0.5%, and Dow Jones Industrial Average futures gained 0.6%.
—What’s coming up.
Group reports earnings at around 7:30 a.m. ET. U.S. purchasing manager indexes for the manufacturing and services sectors are due at 9:45 a.m.
Market Movers to Watch
were down in London and its Nasdaq-listed ADR was down 0.9% premarket despite the positive data on its vaccine. Fellow vaccine producer Moderna’s shares shot 4.9% higher premarket. Pfizer also added 1%
—Shares of Regeneron rose 6% premarket after its Covid-19 antibody drug was authorized Saturday by U.S. health regulator.
—Travel-related companies also caught a bid.
Royal Caribbean Group
rose 4%. Delta, United and Southwest all climbed more than 2%.
—Pandemic-era favorites Peloton and Zoom Video Communications were both down premarket, by 1.4% and 1.2% respectively.