Here’s what we are watching as markets kick into gear Monday.
—Stock futures jumped ahead of an election that will shape the government’s response to the coronavirus pandemic and economic downturn. Investors are seeing a buying opportunity after the benchmark posted its worst week since March. Read our full market wrap here.
—What’s coming up. The Institute for Supply Management’s survey of purchasing managers at factories, due out at 10 a.m. ET, is expected to show another month of expanding activity in October.
Market Movers to Watch
climbed more than 6% ahead of the New York market open.
struck a deal to buy
for $8.8 billion at the end of last week in one of the largest restaurant deals in years.
advanced over 5% in premarket trading. The cosmetics company’s fiscal first-quarter sales and profit beat Wall Street’s expectations.
American depositary receipts in
a Chinese maker of electric vehicles, jumped over 7% in early trading. The company’s vehicle orders jumped to a monthly record for October.
edged up 3% in premarket trading. The satellite-TV company last week offered its services to the Department of Defense, which is exploring 5G technology for its own operations. The rest of the telecom industry is largely in opposition to the Pentagon’s proposal to build a shared 5G network.
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