Inventory futures are blended as traders contemplate a small research suggesting that the Omicron variant might trigger milder illness. Right here’s what we’re watching in Monday’s buying and selling:
- Cryptocurrencies are stabilizing after a weekend rout dragged bitcoin costs down by greater than 20%. Different extensively traded cryptocurrencies together with Solana, Dogecoin and Shiba Inu coin at one level misplaced greater than one-fifth of their worth. Bitcoin on Monday traded at round $48,600, over 9% down on its degree at 5 p.m. ET Friday, however up from Saturday’s low of $42,000.
- Crypto shares had been exhibiting strains. Bitcoin pockets supplier Coinbase shed 4.6% premarket, and bitcoin miner Marathon Digital dropped 8%.
- CF Acquisition shares soared 20% forward of the bell. The blank-check firm sponsored by financial-services agency Cantor Fitzgerald final week agreed to mix with video platform Rumble.
- Kohl’s shares added 3.5% premarket. An activist investor is urging the department-store chain to contemplate a sale of the corporate or a separation of its e-commerce enterprise.
- Adicet Bio shares rocketed 41% larger. The biotech stated it had acquired optimistic knowledge from a section 1 trial of a possible remedy for Non-Hodgkin’s lymphoma.
- U.S.-traded shares of Alibaba gained 1.3%. The Chinese language tech large stated it could reorganize its e-commerce groups and appointed a brand new chief monetary officer, because it faces rising competitors in China, slowing progress and a plummeting inventory worth.
- Crude costs had been gaining, and producers’ shares had been alongside for the journey. Occidental Petroleum gained 2.5% and ConocoPhillips added 1.1%.
- Coupa Software program , GitLab and HealthEquity will ship quarterly updates after the shut.
Chart of the Day
- Specializing in environmental, social and governance standards has helped Nasdaq draw new listings of $191 billion to date this yr, in contrast with $109 billion at NYSE.
Write to James Willhite at james.willhite@wsj.com
