Peloton, Coca-Cola, Tesla: What to Watch Out for When the Stock Market Opens Today

This is what we’re looking at for Monday’s opening bell.

• US stock futures wobbled, suggesting major indices will pause after hitting records at the end of last week.
• Futures linked to the S&P 500 were down 0.2%. Contracts pegged to the Dow Jones Industrial Average were down 0.1% and Nasdaq-100 futures were down 0.4%. Bitcoin bounced back from a weekend swoon and was trading 0.6%. Read our full market packaging.

What is coming

• The income is due from United Airlines UAL -0.95%

  and IBM

  IBM -0.44%

• The HC Wainwright Spring Mining Conference starts two days with virtual presentations from companies, including Endeavor Silver

  EXK -1.16%

  Equinox Gold EQX -1.11%

  and Excellon sources

  EXN 2.49%

Market movers to keep an eye on

• Herman Miller MLHR -9.80%

  shares fell 12% premarket. The cabinetmaker said early Monday that it is taking over rival Knoll

  KNL 33.89%

  Knoll’s shares were up 30%.

• Coca-Cola KO 1.10%

  shares were up 0.8% after reporting earnings for the last quarter before opening.

• Platoon Interactive PTON -4.81%

  stocks fell 6.5% before the bell. A federal safety agency last weekend told people with young children or pets to stop using the company’s treadmills. The Consumer Product Safety Commission’s move comes after its investigation into the death of a child involving one of the machines revealed dozens of injuries. Platoon called the report “inaccurate and misleading.”

• US-traded shares of China-based AnPac ​​Bio-Medical Science ANPC 7.00%

  shot 17% higher premarket. The company pointed to strong demand in the first quarter for its paid tests based on cancer differentiation analysis technology, “delivering record-high Q1 testing volume.”

• Shares of Clean Energy Fuels CLNE 20.36%

  jumped by 26% premarket. The company said it has signed an agreement with Amazon AMZN 0.67%

  providing renewable natural gas with low and negative carbon emissions.

• XBiotech XBIT 2.26%

  shares were up 7% premarket. The biopharmaceutical company said Monday it has received FDA approval to initiate a Phase I / II clinical trial of its new drug candidate, XB2001, in patients with pancreatic cancer.

• Tesla TSLA -4.14%

  shares fell 2.4% premarket. Two men died after a Tesla vehicle that authorities said was operating without anyone in the driver’s seat crashing into a tree north of Houston Saturday night.

Market facts

• Funds have been deposited in two iShares ETFs that track the S&P Global Clean Energy index. Combined with the gains for the stocks they hold, the funds increased fivefold in value over about five months to $ 14.2 billion at their January peak, before falling to about $ 10 billion.
• As investors weigh the prospects of a return to normal, stock prices of denim maker Levi Strauss are up about 45% so far, while the stock of legging juggernaut Lululemon Athletica is down 6.9%.
• On this day in 1933, the day after President Franklin D. Roosevelt devalued the US dollar, the stock market soared, with the Dow Jones Industrial Average rising 5.66 points, or an almost all-time high of 9%, to close. at 68.31.

Chart of the day

A massive run-up of foreign positions in Chinese government bonds has stalled, with international investors pausing their purchases as China’s interest rate advantage over the US has diminished.

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