| What to watch today: Dow futures higher after more Wall Street records Friday | | |  | MON, NOV 08, 2021 | | | | AS OF MON, NOV 08, 2021 • 08:08 ET | | Dow Jones Fut | | 36,327.95 | | Current: | 36,302.00 | | Change: | 87.00 | | Impl. Open: | 97.05 | | | S&P 500 Fut | | 4,697.53 | | Current: | 4,694.00 | | Change: | 3.75 | | Impl. Open: | 4.47 | | | NASDAQ 100 Fut | | 16,359.38 | | Current: | 16,343.25 | | Change: | -8.50 | | Impl. Open: | -6.13 | | | Russell 2000 Mini | | 2,437.08 | | Current: | 2,445.70 | | Change: | 11.40 | | Impl. Open: | 10.62 | | The Dow is set to start the week where it left off. The 30-stock average closed at another record Friday and so did the S&P 500 and the Nasdaq, following a better-than-expected October jobs report. All three benchmarks saw solid gains in the first week of November. (CNBC)
Stocks in the premarket got a boost from the House late Friday passing an over $1 trillion infrastructure bill, sending the legislation to President Joe Biden. House Democrats entered Friday planning to pass both the infrastructure legislation and the party's $1.75 trillion social safety net and climate package. But a budget-score demand from a handful of centrists delayed approval of the bigger bill.. (CNBC) | | | | Ether, the world's second-largest digital coin, surged more than 4% in 24 hours Monday to hit a new all-time high above $4,700. Bitcoin, the biggest crypto, climbed 5% to $66,250, inching back toward its record high above $66,900, set in late October. The reason for the move wasn't clear. Cryptocurrencies are known for their volatile price swings. (CNBC) | | | Shares of Tesla (TSLA), more than 70% higher year to date and nearly 180% in the past 12 months, sank 5% in Monday's premarket. Tesla's stock market value would still be worth well over $1 trillion if the stock were to open around where it is in the premarket. In a Twitter poll Saturday, Tesla CEO Elon Musk proposed selling 10% of his stock in the electric auto maker. (CNBC)
More than 3.5 million people responded and nearly 58% of them voted for "Yes." Musk said he would "abide by the results of this poll, whichever way it goes." However, facing a $15 billion tax bill in the coming months on stock options, a Musk sale of Tesla stock this year was probably likely regardless of the Twitter vote. (CNBC) | | Regeneron Pharmaceuticals (REGN) said Monday a single dose of its antibody cocktail in a late-stage trial reduced the risk of contracting Covid by 81.6%, in the two-to eight-month period after the administration. During the eight-month assessment period, there were zero Covid hospitalizations in the drug group and six in the placebo group. Shares of Regeneron rose about 2% in premarket trading. (Reuters) | | | Surgeon General Vivek Murthy told ABC's "This Week" on Sunday the Biden administration is ready to defend its "appropriate and necessary" Covid vaccine and testing requirement for private businesses. A federal appeals court Saturday temporarily blocked the upcoming mandate. The White House has until Monday evening to respond. (CNBC)
The U.S. lifted restrictions Monday on travel from a long list of countries including Mexico, Canada and most of Europe. Travelers must show proof of vaccination and a negative Covid test. The rules allow tourists to make long-delayed trips and family members to reconnect with loved ones after more than a year and a half apart due to the pandemic. (CNBC) | | | | Walmart (WMT) said Monday it has started using fully driverless trucking in its online grocery business, aiming to increase capacity and reduce inefficiencies. Walmart and Silicon Valley start-up Gatik said that, since August, they've operated two autonomous box trucks without a safety driver on a 7-mile loop daily for 12 hours. (CNBC) | | | | Walt Disney (DIS) said Monday it's offering a month of Disney+ for $1.99 for a limited period, as the entertainment giant seeks to halt a slowdown in paid user growth at its streaming service. The promotion will be valid for a week through Nov. 14 for new and eligible returning subscribers in the U.S. and some other countries. (Reuters) | | | | "Eternals" may be the lowest-rated film in the Marvel Cinematic Universe, but that didn't stop moviegoers and ardent fans of the franchise from heading out to cinemas. The film secured $71 million in ticket sales during its domestic debut, the fourth-highest opening of the pandemic. Disney's Marvel now holds three of the four top pandemic opening weekends domestically. (CNBC) |  | Caterpillar (CAT) jumped more than 4% in premarket trading after it was announced a fresh pick at investment firm Baird. Caterpillar could see strong earnings in the next few years as the newly passed infrastructure bill adds to a strong demand environment, Baird said in a note to clients. | | | | Autolus Therapeutics (AUTL) surged 25% after Blackstone said it would invest up to $250 million in Autolus. The investment will help Autolus continue to build on a treatment for leukemia, the companies said in a release. | | | | Coty (COTY) rose 6.5% after the company reported better-than-expected results for its fiscal first quarter, according to estimates from StreetAccount. The make-up and beauty company also announced that it was selling more of its stake in Wella to KKR. | | | | Krispy Kreme (DNUT) dipped in premarket trading following a downgrade from Truist. The investment firm said that the tight labor market could hold back Krispy Kreme's expansion plans. | | | | Canopy Growth (CGC) was under pressure in premarket trading following a pair of downgrades from Cowen and Canaccord Genuity. The pot company reported its fiscal second-quarter results last week, and revenue missed expectations. | | | | SoftBank Group Corp (9984.T) fell less than 1% in Tokyo trading after SoftBank reported a loss for its fiscal second quarter. The company took a $10 billion loss from its Vision Fund, weighed down by losses in Chinese tech stocks, according to Reuters. | | | |  | | |
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