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

  • U.S. stock futures edged up and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery.
  • Futures tied to the S&P 500 added 0.4%, pointing to a positive start to the week after the broad-market index fell moderately for two weeks in a row. Nasdaq-100 futures rose 0.6%, suggesting gains for technology stocks after the opening bell. Read our full market wrap here.
  • Bitcoin regained some ground after touching multi-month lows Sunday and traded around $36,750, a 4% rise from Friday at 5 p.m. ET.
What’s Coming Up
  • Earnings are due from

    America’s Car-Mart

    CRMT 0.62%

    and

    Lordstown Motors

    RIDE -1.24%

    after the close.

  • An online conference hosted by CoinDesk starts Monday. Federal Reserve governor

    Lael Brainard

    speaks on digital currencies at 9 a.m. ET

Market Movers to Watch
  • Virgin Galactic

    SPCE 6.36%

    shares soared 25% premarket. The space-travel company said it completed the first human space flight from New Mexico on Saturday.

  • Moderna

    MRNA -2.72%

    shares added 1.5% ahead of the bell. Over the weekend it reached an agreement with

    Samsung Biologics

    to produce Moderna’s Covid-19 vaccine.

A healthcare worker from the El Paso Fire Department administered the Moderna Covid-19 vaccine in El Paso, Texas, May 7, 2021.



Photo:

jose luis gonzalez/Reuters

  • Cabot Oil & Gas

    COG 0.34%

    and

    Cimarex Energy

    XEC -0.50%

    said they would combine in a merger of equals. Cabot’s shares gained 2.1% premarket.

  • AMC Entertainment

    AMC -3.75%

    shares gained 1.6% premarket. The movie-theater chain’s largest shareholder, China’s Dalian Wanda Group, has sold most of its shares, according to a securities filing on Friday.

  • Nvidia

    NVDA 2.60%

    shares rose 1.2% premarket. The chip maker on Friday proposed a 1-for-4 stock split, the biggest in its history.

  • Target Hospitality

    TH 3.20%

    shares jumped 4.5% premarket after the provider of rental accommodations and catering services reported quarterly earnings and raised its outlook for the year.

  • Apple

    AAPL -1.48%

    shares edged up 0.5% premarket. Epic Games’ courtroom battle against Apple is expected to end Monday with a debate-style format in which the judge will drill each side with questions about their cases.

  • Splunk

    SPLK 1.54%

    shares rose 0.7% premarket.

    UBS

    on Friday lifted its rating of the cloud-software company’s stock from sell to neutral, though it also cut its price target.

Market Facts
  • Investors that held on to footwear-and-apparel company VF Corp. shares for the past 10 years have seen total shareholder returns of almost 390%, more than seven times a basket of peers.
  • The median existing-home price rose to $341,600 in April, the highest on record, the National Association of Realtors said Friday. The annual price appreciation of more than 19% was the strongest in data going back to 1999.
Chart of the Day
  • Sales of collateralized loan obligations, securities backed by bundles of risky corporate loans, are hitting records, lifted by a recovering economy and demand from yield-starved investors.
Must Reads Since You Went to Bed

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(Excerpt) Read more Here | 2021-05-24 04:41:00
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