Futures are in decline as energy commodities expand their profits. Here’s what we’re watching ahead of Monday’s market opening.
- Energy producers received a boost from the rising prices for crude oil and natural gas. Occidental Petroleum OXY 3.54%
rose 3.1% ahead of the market, Devon Energy DVN 3.80%
2.5% increased, Hess HES 6.63%
climbed 3% and Phillips 66 PSX 3.57%
- Bitcoin prices are also rising, and stocks in the crypto ecosystem are reaping profits. Bitcoin Miner Marathon Digital MARA 2.79%
up 2.9%, US-traded stocks of Hong Kong-based BIT Mining BTCM -2.40%
3% won and Coinbase COIN -1.37%
Southwest Airlines LUV -0.22%
Stocks lose height ahead of the market, losing 1.9% from Friday’s closing price. The airline canceled more than 1,800 flights over the weekend, citing bad weather and problems with air traffic control in Florida, which were felt throughout its operation.
Southwest Airlines saw a wave of flight cancellations over the weekend.
jim lo scalzo / Shutterstock
Emerson Electric EMR -0.72%
pre-IPO slipped by 1.1%. It plans to partner two of its software companies with Aspen Technology AZPN. to merge 2.84%
in an approximately $ 11 billion deal aimed at meeting growing demand for industrial technology. Aspen’s stock was up 3.5%.
Merck MRK -1.60%
applied for emergency approval for his Covid-19 pill, but investors appeared uncomfortable. The share lost 1.2% before the market.
Apple AAPL -0.27%
Requests a suspension of a federal judge’s order that allows app developers to link to other payment methods while the appeal is running through the system. The shares of the iPhone manufacturer lost 0.8% early on the market.
Hasbro HAS 0.77%
Stocks fell 1.2% over the hours. The global toy, games and entertainment company said chief executive Brian Goldner will be on leave for medical care.
Chart of the day
- The continued surge in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy shortages will offset any slowdown in the global economy.
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