During Market hours yesterday — Monday – 20.09.2021:

  • The Dow (Symbol: DIA) dropped 1.81%. The S&P 500 (Symbol: SPY) declined 1.67% and the Nasdaq (Symbol: QQQ) slid 2.17%.
  • American Airlines (Symbol: AAL), United Airlines (Symbol: UAL), Delta Air Lines (Symbol: DAL)— Shares of American Airlines the major airlines rose about 3% Monday after the White House said it would ease travel restrictions for international travelers who are vaccinated against Covid-19. Shares of Delta and United each gained more than 1.6%.
  • Centerpoint Energy (Symbol: CNP), Dominion Energy (Symbol: D)— Utility stocks rose on Monday as investors shifted toward defensive plays during the broader market slide. Shares of Centerpoint rose 1.15% and Dominion’s stock ticked up 0.65%.
  • Nucor (Symbol: NUE), Freeport-McMoRan (Symbol: FCX), Ford (Symbol: F), Caterpillar (Symbol: CAT)— Stocks linked to global growth declined Monday. Steel stock Nucor declined 7.6%, miner Freeport-McMoRan fell 5.7%, auto maker Ford dropped 5.4% and construction equipment manufacturer Caterpillar retreated 4.4%.
  • APA (Symbol: APA), Devon Energy (Symbol: DVN)— Energy stocks tumbled amid a drop in oil prices on concerns about the global economy. The S&P 500 energy sector fell 3.3%, becoming the worst-performing group among the 11 groups during Monday’s market sell-off. APA shed 6.1%, Devon Energy and Occidental Petroleum (Symbol: OXY) each dropped 5.4% and Hess (Symbol: HES) slid 5.2%.
  • Goldman Sachs (Symbol: GS), Bank of America (Symbol: BAC), JPMorgan Chase (Symbol: JPM)— Financials stocks declined as the U.S. 10-year Treasury yield dropped, with falling rates typically crimping bank profits. Goldman Sachs, Bank of America, Citigroup (Symbol: C), JPMorgan Chase and Morgan Stanley (Symbol: MS) all delined by around 3% or more.
  • ARK Innovation (Symbol: ARKK), Coinbase (Symbol: COIN), Tesla (Symbol: TSLA), Zoom (Symbol: ZM), Square (Symbol: SQ)— Shares of Cathie Wood’s flagship fund dropped 4.4% as innovation names experienced harsh selling. Coinbase lost 3.5%, Tesla dropped 3.8%, Square dipped 2.17% and Zoom Video moved 2.4% lower.
  • Pfizer (Symbol: PFE)— The drug maker stock ticked 0.7% higher after the company said its Covid vaccine is safe and appears to generate a robust immune response in kids ages 5 to 11. If the FDA spends as much time reviewing the data for that age group as it did for 12- to 15-year-olds, the shots could be available in time for Halloween.
  • AstraZeneca (Symbol: AZN)— Shares of the United Kingdom-based pharmaceutical company popped 5.3% in midday trading after announcing that its breast cancer drug Enhertu showed positive results in a phase-three trial.
  • Invesco (Symbol: IVZ)— Invesco shares declined 8.7% Monday. The stock ran up on Friday following a Wall Street Journal report that the asset manager is in talks to merge with State Street’s asset management unit. The report, citing people familiar with the matter, said a deal is not imminent and might not happen at all.

During Premarket hours today – Tuesday – 21.09.2021:

  • Uber (Symbol: UBER) — Uber shares rose 5.7% in the premarket after the ride sharing company revised its financial outlook higher for the third period. The company now expects to report between $22.8 billion and $23.2 billion in gross bookings for the third quarter, according to an SEC filing. It previously forecast $22 billion to $24 billion on its second-quarter earnings call.
  • Chevron (Symbol: CVX), Exxon Mobil (Symbol: XOM) — Oil stocks rebounded in the premarket as crude prices rose. Chevron and Exxon Mobil each gained more than 1% in the premarket. The stocks were hit during Monday’s sell-off as concerns about global economic growth sent oil lower.
  • Enphase Energy (Symbol: ENPH) — Enphase Energy shares rose 1.8% in early morning trading after KeyBanc initiated coverage of the stock with an overweight rating. The firm said the solar energy play had a solid base business and growing opportunities.
  • Big Lots (Symbol: BIG) — Shares of Big Lots fell 1.3% in early morning trading after Piper Sandler downgraded the retailer to neutral from overweight. The firm said the end of fiscal stimulus will hurt Big Lots.

*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.