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.
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