Kansas City Southern, Tesla, Support.com, Synnex: What to Watch When the Stock Market Opens Today

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Right here’s what we’re watching earlier than Monday’s buying and selling motion begins.

U.S. inventory futures edged up, with expertise shares poised to steer beneficial properties.

Futures tied to the S&P 500 added 0.2%. Contracts for the technology-focused Nasdaq-100 rose 0.7%. Learn our full market wrap.

What’s Coming Up

Earnings are due from

BioLife Options

BLFS 4.00%

after markets shut.

U.S. existing-home gross sales, due at 10 a.m. ET, are anticipated to fall to an annual tempo of 6.5 million in February from 6.69 million a month earlier.

Market Movers to Watch

Kansas Metropolis Southern

KSU 0.38%

shares shot greater than 16% increased premarket after rival

Canadian Pacific

CP -1.37%

agreed to amass the railroad firm in a merger valued at about $25 billion that may create the primary freight-rail community linking Mexico, the U.S. and Canada. Canadian Pacific shares slipped 2.2%.

A Kansas Metropolis Southern locomotive handed by way of Knoche Yard in Kansas Metropolis, Mo. Jan. 7, 2020.



Picture:

Whitney Curtis/Bloomberg Information

—Fellow railroad-operator

CSX

CSX -1.88%

appeared to learn from the give attention to the sector, with its shares including 4.7% premarket.

—Shares of

Help.com,

SPRT -1.38%

a technical-support companies and cloud-based software program agency with a market cap of round $41 million, rocketed 270% increased premarket after it set a merger take care of Greenidge Era.

Synnex

SNX -0.35%

jumped 13% premarket. The IT supplier agreed to merge with

Apollo World Administration

APO -0.32%

‘s Tech Knowledge in a deal valued at $7.2 billion, together with debt. Quarterly outcomes are due from

Synnex

SNX -0.35%

after the shut.

Tesla

shares are up 3.8% forward of the bell. Technoking of Tesla

Elon Musk

on Saturday informed a high-level convention in China that the corporate would by no means present the U.S. authorities with information collected by its autos in China or different international locations. His assurance got here after the Chinese language authorities’s determination to limit the usage of Tesla automobiles by navy personnel or staff of key state-owned corporations.

Market Reality

The Dow Jones Transportation Common on Friday marked its seventh consecutive week of beneficial properties. It’s its longest profitable streak because the week ending March 18, 2016, when the market rose for 9 straight weeks.

Chart of the Day

Returns on investment-grade company bonds from corporations together with

Amazon

are having their second-worst begin on file.

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