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Intellia, Virgin Galactic, Carnival, Bitcoin: What to Watch When the Stock Market Opens Today – The Wall Street Journal

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Futures are meandering close to the flat line after Friday’s file shut on Wall Road. Right here’s what we’re watching forward of Monday’s opening bell.

  • Futures for the S&P 500, which closed Friday at its thirty first all-time excessive of the 12 months, edged up 0.1%. Contracts on the Dow Jones Industrial Common have been flat. Futures for the Nasdaq-100 ticked up 0.3%, pointing to modest good points for expertise shares.
  • Bitcoin is having a robust morning, rising greater than 6%. Gold and oil have been each barely decrease.
What’s Coming Up
  • The Texas Manufacturing Outlook Survey for June is due at 10:30 a.m. ET.
  • Earnings are due from
    LiveXLive Media
    after the shut.

Market Movers to Watch
  • Biotechnology firm
    Intellia Therapeutics
    soared 54% in premarket buying and selling. The corporate reported optimistic interim information from a Part 1 medical research of a gene-editing candidate therapy. Intellia is working with
    Regeneron Prescribed drugs
    to develop NTLA-2001, and Regeneron’s shares have been additionally up 3.1%

  • Carnival
    shares are down 1.7% premarket. The cruise operator final week mentioned its loss for the second quarter narrowed, and the corporate’s chief government mentioned it’s working to return its full fleet to operations by subsequent spring.
    Royal Caribbean
    additionally slipped, by 0.7%.

  • Virgin Galactic
    ‘s booster rockets are kicking in. Its shares are up greater than 4% premarket, constructing on Friday’s 39% acquire that got here after the corporate acquired the go-ahead from U.S. authorities to start out carrying paying passengers to the sting of house.

Virgin Galactic’s VSS Unity was released from its mother ship, VMS Eve, on the way to its first spaceflight after launch from Spaceport America, New Mexico, May 22, 2021 .

Virgin Galactic’s VSS Unity was launched from its mom ship, VMS Eve, on the way in which to its first spaceflight after launch from Spaceport America, New Mexico, Could 22, 2021 .

Picture: Reuters

  • Bitcoin pockets supplier
    Coinbase
    International was getting a lift from the cryptocurrency’s rise early Monday. Coinbase shares gained 1.6%. Bitcoin miners have been gaining too, with
    Riot Blockchain
    up 3.9% and
    Marathon Digital
    up 3.6%.

  • Boeing
    shares misplaced some altitude, shedding 1.4% premarket. The Seattle Instances reported over the weekend that the FAA advised the airplane maker an up to date model of its 777 long-haul airliner shouldn’t be prepared for certification, and certain gained’t be till late 2023.

  • United Leases
    edged up 1.1% premarket.
    UBS
    lifted its score and worth goal for the equipment-rental firm’s inventory.

Market Information
  • The New York Inventory Trade on Friday had its largest buying and selling quantity in additional than three months, as greater than 7.6 billion shares modified arms.
  • Commerce Desk’s inventory jumped 16%, main a robust uptick amongst different so-called ad-tech gamers, after Google introduced plans Thursday to delay its phaseout of third-party monitoring cookies.
Chart of the Day

  • Broad gauges of market efficiency are surging collectively in a manner few on Wall Road have ever seen, masking volatility below the floor.
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