Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. AFRM stock surged Friday night on the payment firm’s new alliance with Amazon.com (AMZN), as the “buy now, pay later” option booms online. Tesla rival Li Auto reports early Monday following China EV giant BYD Co. late Friday.
The stock market rally had a strong week, hitting record highs even as Fed chief Jerome Powell said a bond taper is likely to start soon.
Amazon is teaming up with Affirm Holdings (AFRM) to offer an installment payment option at checkout. Affirm already has a relationship with Walmart (WMT), Shopify (SHOP) and many other big e-commerce players. Still, AFRM stock shot up 36% Friday night in active trade on the Amazon news after rising 50% or more at one point. AMZN stock was little changed.