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Airbnb, Apache, Biogen: What to Watch When the Stock Market Opens Today

U.S. inventory futures rose Monday, pointing to main indexes recovering some floor following the S&P 500’s worst weekly performance since February. Right here’s what we’re watching forward of Monday’s open.

  • Biogen shares rose 3.4% forward of the bell. The pharma inventory dropped final week after the corporate mentioned the launch of its Alzheimer’s drug, Aduhelm, “was slower than we initially anticipated.“
  • Airbnb shares slipped 1.4% after analysts at Goldman Sachs Group really useful traders promote the inventory. Airbnb and different corporations providing drive-to-lodging may profit because the Delta variant dampens enthusiasm for air journey, Heard on the Street columnist Laura Forman writes.
  • ViacomCBS shares rose 1.3%. The media firm is revamping the operations of its Paramount Footage film and tv manufacturing unit as a part of a broader shake-up of the administration, The Wall Street Journal reported.
  • APA Corp . , the holding firm for oil-and-gas firm Apache, rose 2% in premarket buying and selling. Crude-oil costs had been heading larger forward of carefully watched supply-and-demand forecasts from OPEC.
  • Greatest Purchase rose 1.9% forward of the bell. The retailer, together with Amazon.com, final week set out a brand new lineup of sensible televisions.
  • Wayfair added 2.4%. Shares of the home-goods retailer have fallen over the previous month and each Citigroup and Credit score Suisse lower their goal for the inventory in August.
  • World Funds fell 2.1% premarket. Analysts at Morgan Stanley lowered their worth goal for the payment-technology agency from $219 to $185 a share Friday.
  • Unum Group , a Tennessee-based insurer, slipped 2%. S&P Dow Jones Indices mentioned earlier this month Unum would fallout of the S&P 500 and into the S&P MidCap 400 index.
Chart of the Day

After a record-breaking bull run for the U.S. inventory market this 12 months, many Wall Avenue analysts are starting to warn that investors could be in for a bumpy ride.

https://www.wsj.com/articles/airbnb-apache-biogen-what-to-watch-when-the-stock-market-opens-today-11631531126?mod=rss_markets_main | Airbnb, Apache, Biogen: What to Watch When the Inventory Market Opens At the moment

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