Finace And Stock

Tesla, Merck, Moderna: What to Watch When the Stock Market Opens Today

Stock futures edged down as investors kept on eye on the multiple quarrels over government spending taking place on Capitol Hill. Here’s what we’re watching before Monday’s trading begins.

  • Tesla  overcame snarled global supply chains to deliver a record number of vehicles in the third quarter. The Silicon Valley electric-vehicle maker’s shares climbed 2.8% premarket.
  • Merck shares were up more than 3% premarket. Last week, the drug maker said its pill intended to treat Covid-19 had succeeded in a key study.
  • Shares of some vaccine makers were extending declines premarket after having dropped last week following the report on Merck’s pill. Moderna was down 3% and Novavax shed 1.4%.
  • Southwest Airlines shares gained 1.5% premarket. Barclays upgraded its rating of the stock and lifted its price target to $75 a share. It closed Friday at $54.35.
  • DuPont was up 1.2%, having also received a ratings upgrade, from JPMorgan. The bank also nudged its price target up to $85 a share from $84.
  • 3M shares meanwhile received a ratings downgrade from JPMorgan, and the stock was trading down 1.5% premarket.
  • Wine producer  Duckhorn Portfolio  and  Comtech Telecommunications  are among the companies reporting earnings Monday.
Chart of the Day
  • A quirky corner of the U.S. stock market home to cannabis sellers, cryptocurrency trusts and other speculative investments is seeing record levels of activity.

Write to James Willhite at

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