Right here’s what we’re watching as markets open Monday for the primary buying and selling session of 2021.
—U.S. inventory futures rose on hopes that continued authorities stimulus and the rollout of coronavirus vaccines will bode nicely for equities. Futures tied to the S&P 500 rose 0.4% Monday, whereas contracts lined to the Dow Jones Industrial Common gained 0.4%, pointing to positive aspects for each gauges after the opening bell. Read our full market wrap here.
What’s Coming Up
— IHS Markit ‘s U.S. manufacturing index for December is out at 9:45 a.m. ET.
—U.S. development spending for November, due at 10 a.m., is anticipated to extend 1.1% from the prior month.
Market Movers to Watch
— Tesla shares rose 2% premarket. The electrical-vehicle maker’s gross sales soared in 2020 regardless of a drop in international demand for brand new automobiles throughout the Covid-19 pandemic. Tesla stated Saturday that it delivered a record 499,550 vehicles globally last year, up from roughly 367,500 the earlier yr.