S&P 500 futures are barely decrease, suggesting the broad index will hover close to its report excessive—however a drop in oil costs and volatility in gold counsel nervousness concerning the outlook as Covid-19 circumstances surge. Right here’s what we’re watching forward of Monday’s open.

  • U.S. crude dropped 3.7% and is dragging power firms and oil-services companies down together with it.
    Occidental Petroleum
    fell 2.8% premarket,
    Devon Power
    fell 2.6%,
    ConocoPhillips
    shed 1.6%,
    Baker Hughes
    slipped 1.5% and
    Halliburton
    fell 1.8%.

  • Excellent news from the sage of Omaha:

    Warren Buffett’s
    conglomerate
    Berkshire Hathaway
    stated second-quarter internet earnings rose 7%, boosted by improved outcomes for its railroad, utilities and power firms. Berkshire class B shares added 1.2% premarket.


Peter Buffett, Warren Buffett and Susie Buffett attended the world premiere screening of HBO’s “Changing into Warren Buffett” at The Museum of Trendy Artwork in New York, Jan. 19, 2017.

Photograph: Charles Sykes/Related Press

  • Cock-a-doodle-doo: Shares of poultry large
    Sanderson Farms
    jumped 7.8% premarket. It’s nearing a deal to promote itself for round $4.5 billion because it rides a wave of demand for rooster merchandise.

  • And that’s not the one bullish rooster inventory of the day:
    Tyson Meals
    jumped 3.1% after it stated its revenue and gross sales for the fiscal third quarter rose, with meals service quantity enhancing because the restaurant trade started to get well and reopen.

  • Brookfield Asset Administration
    edged up 0.9% off hours. The corporate’s reinsurance arm has agreed to purchase American Nationwide Group for about $5 billion, in keeping with folks acquainted with the matter.

  • Bitcoin is up 7%, and
    Coinbase
    International is coming alongside for the trip with a 3.7% premarket rise. Cryptocurrency miners have been additionally gaining: Hut 8 Mining soared 15%,
    Bit Digital
    jumped 5.1% and
    Marathon Digital
    climbed 6.8%.

  • Jefferies lifted its worth goal for
    Tesla
    shares and raised its rating to a purchase from a maintain—the inventory inched up 1.6% premarket. Tesla over the weekend informed staff at its Nevada battery manufacturing unit they are going to be required to put on a masks indoors beginning Monday no matter vaccination standing, becoming a member of the rising variety of firms with such mandates.

  • Barrick Gold
    and
    Masonite
    are among the many firms reporting earnings Monday.

  • Jefferies Monetary Group
    will match
    Goldman Sachs
    on the high of Wall Avenue’s pay scale for youthful bankers, in keeping with folks acquainted with the matter, in a bid to go head-to-head with better-known rivals.