Bitcoin, Virgin Galactic, Moderna: What to Watch When the Stock Market Opens Today

Here’s what we’re watching ahead of Monday’s opening bell.

  • U.S. stock futures edged up and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery.
  • Futures tied to the S&P 500 added 0.5%, pointing to a positive start to the week after the broad-market index fell moderately for two weeks in a row. Nasdaq-100 futures rose 0.8%, suggesting gains for technology stocks after the opening bell. Read our full market wrap here.
  • Bitcoin regained some ground after touching multi-month lows Sunday and traded around $37,000, a 5% rise from Friday at 5 p.m. ET.
What’s Coming Up
Market Movers to Watch
  • Virgin Galactic


    SPCE 6.36%

    shares soared 19% premarket. The space-travel company said it completed the first human space flight from New Mexico on Saturday.

  • Moderna


    MRNA -2.72%

    shares added 1.8% ahead of the bell. Over the weekend it reached an agreement with

    Samsung Biologics

    to produce Moderna’s Covid-19 vaccine.

A healthcare worker from the El Paso Fire Department administered the Moderna Covid-19 vaccine in El Paso, Texas, May 7, 2021.



Photo:

jose luis gonzalez/Reuters

  • Splunk


    SPLK 1.54%

    shares rose 0.8% premarket.

    UBS

    on Friday lifted its rating of the cloud-software company’s stock from sell to neutral, though it also cut its price target.

Market Facts
  • Investors that held on to footwear-and-apparel company VF Corp. shares for the past 10 years have seen total shareholder returns of almost 390%, more than seven times a basket of peers.
  • The median existing-home price rose to $341,600 in April, the highest on record, the National Association of Realtors said Friday. The annual price appreciation of more than 19% was the strongest in data going back to 1999.
Chart of the Day
  • Sales of collateralized loan obligations, securities backed by bundles of risky corporate loans, are hitting records, lifted by a recovering economy and demand from yield-starved investors.
Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8