By Rachel
Good morning moomooers! Here are things you need to know before the opening bell:
Stock futures mixed after Dow, S&P 500 closed at record highs again
Stocks making the biggest moves premarket: AstraZeneca, Moderna, Fintech Acquisition and others
Market Snapshot
U.S. stock futures were mixed Tuesday, with the Dow Jones Industrial Average and S&P 500 little changed after they both closed again at record highsto start the week. Nasdaq futures rose Tuesday, adding to Monday's 1.1% gain, which moved the tech-heavy index to just 4.5% away from last month's record high close.
Source: Bloomberg
Premovers
Stocks making the biggest moves premarket: AstraZeneca, Moderna, Fintech Acquisition and others
$AstraZeneca PLC(AZN.US)$ – AstraZeneca's vaccine will be recommended for people aged 65 and older in Canada, according to a CBC report. That news comes after several European countries suspended use of the vaccine, amid reports of side effects. Both the World Health Organization and AstraZeneca say the vaccine is safe. AstraZeneca gained 2.3% in premarket trading.
$Moderna Inc(MRNA.US)$ – The drugmaker began a study of its vaccine involving children aged 6 months to 11 years. Moderna's vaccine – along with $Johnson & Johnson(JNJ.US)$ – is currently authorized for adults 18 and older, while the vaccine from $Pfizer Inc(PFE.US)$ and $BioNTech SE(BNTX.US)$ is allowed for people 16 and older. Moderna shares rose 1.8% premarket.
$FINTECH ACQUISITION CORP V(FTCV.US)$ – The special purpose acquisition company will combine with trading platform eToro and take the rival public. The combination will have an estimated value of $10.4 billion. Shares of Fintech Acquisition surged 14.7% in premarket trading.
Top News
Fed seen standing firm on interest rates as economic outlook brightens
Federal Reserve officials will likely note an improving economic outlook at their policy meeting this week, while also stressing that it is too early to change their plans on interest rates and bond purchases.
Retail sales likely softened in February
Economists also expect sales to increase in coming months as businesses more fully open and coronavirus vaccines become more widely available.
Cathie Wood persuades investors to stick with ARK's ETFs
The stock picker uses TV interviews and YouTube videos to put investors at ease amid a volatile period for her investment funds.
Biden says stimulus 'already doing what it was designed to do'
The president kicked off a promotional blitz for the $1.9 trillion pandemic relief law Monday, tapping Gene Sperling to lead the implementation of the plan.
The 5G Tower Party is just getting started
Vodafone and other European mobile operators are selling their cellphone masts. The other side of the trade looks attractive, with demand for fast digital networks stronger than ever.
Source: CNBC, Dow Jones Newswires, Bloomberg
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