Stock futures are slipping after China’s third-quarter economic growth came in below economists’ forecasts. Here’s what we’re watching ahead of Monday’s opening bell.
-
Zillow Group
dropped 6.1% premarket. The online real-estate company told Bloomberg that it won’t purchase homes for the rest of the year, saying that it was “beyond operational capacity.”
Zillow’s shares were sinking premarket on Monday.
Photo:
Tiffany Hagler-Geard/Bloomberg News
-
State Street
and
Albertsons
are due to report earnings before the open.
-
Intercontinental Exchange
rose more than 2% premarket after Silver Lake said it was acquiring ICE’s 9.85% stake in Euroclear Holding.
- Crude prices were climbing early Monday, boosting the share prices of producers.
Occidental Petroleum
gained 2.3% and
Diamondback Energy
added 1.2%.
- Bitcoin was trading above $61,000, and digital-wallet provider
Coinbase
was up 1.3% before the bell.
- U.S.-traded shares of French biotech
Valneva
soared 39% premarket. It said its coronavirus vaccine candidate outperformed
AstraZeneca
‘s in a Phase 3 study, which met both its co-primary endpoints.
-
Johnson & Johnson,
meanwhile, edged up 0.2% after a panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the Johnson & Johnson vaccine should get the second dose at least two months later.
- Vaccine maker
Moderna
was down 0.8% premarket. Last week the FDA delayed a decision on making its Covid-19 shot available for adolescents, to assess whether it may lead to heightened risk of a rare inflammatory heart condition.
-
Steel Dynamics
will report earnings after the close.
Chart of the Day
- Hong Kong started trading in futures tied to an index of stocks from mainland China, giving global investors a new tool for betting on Chinese markets.
Write to James Willhite at james.willhite@wsj.com
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