Updated July 16, 2021 9:07 am ET
Stock futures are slowly rising after data showed US retail sales rose 0.6% in June. Here’s what we’re going to watch before the opening bell on Friday.
- Shares in vaccine maker Moderna MRNA 10.30%
received a booster shot and rose 7.2% ahead of the market after the S&P Dow Jones indices announced that Moderna will join the S&P 500 ahead of the opening of July 21st. It will replace Alexion Pharmaceuticals,
which AstraZeneca AZN -0.30%
plans to acquire.
Medics prepared syringes with doses of the Moderna Covid-19 vaccine at a mass vaccination event in Washington, DC on April 3, 2021.
Michael Reynolds / Shutterstock
- Chinese regulators have Didi Global DIDI. braked -3.16%
‘s shares after entering the ridesharing giant’s offices on Friday to conduct a cybersecurity investigation. Didi shares traded in the US lost 5.3% before the bell.
American outdoor brands AOUT -21.96%
reported net income for the final quarter after losing a year earlier, but investors seem less impressed. The outdoor sports and camping equipment retailer’s shares fell more than 10% from open hours.
Alcoa AA -4.60%
Equities gained 2.2% ahead of the market after the aluminum producer beat second quarter sales and income expectations as it benefited from strong demand and rising prices.
Kansas City South KSU -1.11%
said revenue was boosted last quarter by a strengthening Mexican peso. The shares of the rail operator gained 0.6% before the market.
Charles Schwab SCHW -2.35%
fell 0.9% ahead of the market after reporting a profit slightly below forecast for the final quarter, despite sales being better than expected.
Intel INTC -1.51%
is considering a deal to buy GlobalFoundries, according to those familiar with the matter, in what would be considered the largest acquisition of all time. The shares of the semiconductor giant gained 0.2% in the pre-trading period.
- SWFs, among the world’s largest stock market players, are unleashing more of their firepower at home as governments rely on them to revive pandemic-stricken economies.
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