| What to watch today: Wall Street set to continue its record run | | |  | FRI, JAN 08, 2021 | | | | AS OF FRI, JAN 08, 2021 • 08:06 ET | | Dow Jones Fut | | 31,041.13 | | Current: | 31,040.00 | | Change: | 98.00 | | Impl. Open: | 104.87 | | | S&P 500 Fut | | 3,803.79 | | Current: | 3,808.75 | | Change: | 13.25 | | Impl. Open: | 13.16 | | | NASDAQ 100 Fut | | 12,939.57 | | Current: | 12,997.75 | | Change: | 69.75 | | Impl. Open: | 65.18 | | | Russell 2000 Mini | | 2,096.89 | | Current: | 2,103.60 | | Change: | 9.10 | | Impl. Open: | 14.11 | | | The pace of job growth likely slowed dramatically and could even be negative in December, as the coronavirus spread rapidly across the U.S. Economists expect to see a gain of 50,000 jobs, down from 245,000 nonfarm payrolls additions in November. The Labor Department's monthly employment report is out at 8:30 a.m. ET. The 10-year Treasury yield remained above 1% early Friday ahead of that report. (CNBC) | | | Bitcoin, which topped $40,000 on Thursday for the first time ever, passed $41,000 on Friday. The world's largest cryptocurrency has been up more than 30% in the first days of 2021 and 400% over the past 12 months. The value of the entire crypto market, which is made up of bitcoin and other digital coins, topped $1 trillion Thursday for the first time. (CNBC Pro)
* Bitcoin rally FOMO has retail investors flocking to crypto (CNBC) | | | | Tesla (TSLA) shares marched higher in Friday's premarket after rising 10 sessions in a row, surpassing Facebook in market value, and making CEO Elon Musk the world's richest person. Thursday's increase in Tesla's share price pushed Musk past Amazon's (AMZN) Jeff Bezos, who had been the richest person since 2017. (CNBC) | Capitol Police Officer Brian D. Sicknick died Thursday, a day after clashing with a pro-Trump rioters at the Capitol. Sicknick, who joined the Capitol Police force in 2008, is the fifth person to die from Wednesday's violent clash, including Ashli Babbitt, an Air Force veteran and ardent Trump supporter who embraced conspiracy theories. (NBC News)
* Capitol Police rejected offers of federal help to quell mob (AP) | | | | The violence at the U.S. Capitol is intensifying scrutiny over security at Biden's inauguration, which has already been reshaped by a pandemic. Biden and Vice President-elect Kamala Harris will take their oaths from the Capitol's West Front, one of the locations where a violent mob overpowered police and stormed the building. (AP) | | | | Micron Technology (MU): Micron reported quarterly earnings of 78 cents per share, 7 cents a share above estimates. The chipmaker's revenue also topped Wall Street forecasts. Micron gave upbeat current-quarter guidance, saying that the market for dynamic random access memory chips (DRAM) appears to have bottomed and is on the rebound. Micron's shares rose 3.5% in the premarket. | | | | Boeing (BA): Boeing reached a $2.5 billion settlement with the Justice Department, in which it admits employees misled regulators about safety issues that preceded two fatal crashes involving the 737 Max jet. | | | | Sarepta Therapeutics (SRPT): Sarepta said its gene therapy treatment for Duchenne muscular dystrophy did not meet one of its main goals in a study, sending the shares plunging 47% in premarket trading. | | | | Apple (AAPL): South Korean automaker Hyundai Motor is walking back earlier confirmation of electric car talks with Apple, saying it was in talks with "potential partners" while removing references to Apple. Its comments follow reports that the two companies were discussing a joint venture involving electric cars and batteries. Apple shares rose 1.2% in the pemarket. | | | | SolarWinds (SWI): SolarWinds the IT management software company that was victimized by hackers in a widespread breach has hired a new consulting firm run by former U.S. cybersecurity chief Chris Krebs and former Facebook chief security officer Alex Stamos. | | | | Niu Technologies (NIU): Niu shares are rising in the premarket after the China-based electric scooter maker reported a more than 40% jump in fourth-quarter sales compared to a year earlier. | | | | PriceSmart (PSMT): PriceSmart reported quarterly earnings of 90 cents per share, beating the 68 cents a share consensus estimate. The shopping warehouse club operator's revenue came in above estimates as well. Sales rose more than 8% as customers continued to stock up on staples amid the pandemic. | | | | F5 Networks (FFIV): F5 Networks announced the acquisition of privately-held cloud software company Volterra for $500 million. The networking technology company also raised its long-term financial targets. | | | | Goodyear Tire (GT): The tire maker was upgraded to "outperform" from "sector perform" at KeyBanc, which sees better-than-expected sales as well as profit margin expansion for Goodyear. The company's shares rose 4% in the premarket. | | | | MicroStrategy (MSTR): The business analytics company continues to see its stock rise as its bitcoin holdings surge in value. MicroStrategy made more than $1 billion in bitcoin purchases during 2020. MicroStrategy shares climbed 6.7% in premarket trading. | | | | DR Horton (DHI): The home builder was upgraded to "outperform" from "sector perform" at RBC Capital Markets, saying the company was well-positioned to capitalize on continued strength in the new housing market. The company's shares were up 1.3% in the premarket. | | |
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