S&P 500 futures are slightly lower, suggesting the broad index will hover near its record high—but a drop in oil prices and volatility in gold suggest nervousness about the outlook as Covid-19 cases surge. Here’s what we’re watching ahead of Monday’s open.
- U.S. crude dropped more than 4% and is dragging energy companies and oil-services firms down along with it.
fell 3.1% premarket,
slipped 1.2% and
- Good news from the sage of Omaha:
said second-quarter net earnings rose 7%, boosted by improved results for its railroad, utilities and energy companies. Berkshire class B shares added 1% premarket.
- Cock-a-doodle-doo: Shares of poultry giant
jumped 6.9% premarket. It is nearing a deal to sell itself for around $4.5 billion as it rides a wave of demand for chicken products.
- And that’s not the only bullish chicken stock of the day:
jumped 2.4% it said its profit and sales for the fiscal third quarter rose, with food service volume improving as the restaurant industry began to recover and reopen.
slipped 1% off hours. The company’s reinsurance arm has agreed to buy American National Group for about $5 billion, according to people familiar with the matter.
- Bitcoin is up 7%, and
Global is coming along for the ride with a 3.6% premarket rise. Cryptocurrency miners were also gaining: Hut 8 Mining soared 17%,
jumped 7.1% and
- Jefferies lifted its price target for
shares and raised its ranking to a buy from a hold—the stock inched up 1.2% premarket. Tesla over the weekend told workers at its Nevada battery factory they will be required to wear a mask indoors starting Monday regardless of vaccination status, joining the growing number of companies with such mandates.
are among the companies reporting earnings Monday.
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