Stock futures are bouncing higher, with markets set to open for trading Monday after the U.S. celebrated its first Juneteenth as a federal holiday. Here’s what we’re watching ahead of the bell.
- Futures tied to the Dow Jones Industrial Average advanced 0.5% in a choppy trading session early Monday. Contracts linked to the S&P 500 edged up 0.4% Monday, while Nasdaq-100 futures rose 0.5%.
- Asian markets are mostly down, led by the Nikkei’s 3.3% drop, but European shares are gaining. Gold prices are up, while bitcoin is off more than 6%.
What’s Coming Up
- The Chicago Fed National Activity Index for May is due at 8:30 a.m. ET.
- The Roth Virtual London Conference, hosted by Roth Capital Partners, begins Monday. Participants will include
Market Movers to Watch
- Bitcoin’s losses this morning are dragging down the share prices of some bitcoin miners.
fell 7.6% and
- Shares of
took flight after
said it has entered into an agreement to buy the U.S. manufacturer of agriculture technology for an enterprise value of $2.1 billion. Raven’s stock soared 48% premarket.
shares are ablaze premarket, again. The Texas-based oil-and-gas company’s stock was up 37% and was trending on Stocktwits.
gained 2% premarket.
on Sunday reached an agreement for a 10% investment in Universal Music Group by William Ackman’s Pershing Square Tontine Holdings, valuing the world’s largest music company at about $40 billion.
- Heavy options activity amplified last week’s investor retreat from bets on stronger economic growth. More than 116 million options contracts were expiring on Friday, according to Cboe Global Markets data, the second-highest level ever after Jan. 15, when more than 150 million contracts were expiring.
- Natural-gas futures ended Friday at $3.215 per million British thermal units, up 96% from a year ago and the highest price headed into summer since 2017.
- On this day in 1990, after decades of closure under communist rule, the Budapest Stock Exchange reopened for trading.
Chart of the Day
- Inflation is on the rise, hitting some of the highest levels seen since the early 1980s. Here’s what investors can learn from the history of inflation.
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Raven Industries, Torchlight Energy, Bitcoin: What to Watch When the Stock Market Opens Today Source link Raven Industries, Torchlight Energy, Bitcoin: What to Watch When the Stock Market Opens Today