Novavax, Moderna, Tesla: What to watch in the stock market today

Wall Street futures are rising at the start of the month, pointing to modest opening gains for the S&P 500 before another batch of earnings. This is what we see before the bell.

  • Novavax said it has completed its renewed submission to Health Canada to allow a Covid-19 vaccine candidate. Shares jumped 15% in pre-market trading.
  • At Moderna, there was no good news. The Food and Drug Administration is delaying a decision on the company’s request to allow the use of the Covid-19 vaccine in teens to assess whether the shot increases the risk of myocarditis. Shares fell 2.7%.
  • US-listed Nio shares fell 4.5% ahead of the market. The China-based electric car company said deliveries fell by more than a quarter from a year earlier in October.
  • Also in the electric vehicle territory, US-listed XPeng shares added 2.8% ahead of the market. The Chinese automaker reported strong sales for the month of October.
  • Tesla gained 2.8% ahead of the market. Ganfeng Lithium said it has signed a contract to supply the electric car maker with battery products from 2022 to 2024. Tesla The options in the hands have changed at a frantic pace lately.
  • CrowdStrike shares lost 2.6% after BTIG downgraded the stock from “buy” to “neutral”.
  • Plug Power, which develops hydrogen fuel systems and whose stock is often subject to large price swings, rose 4.9 percent. Stocks were among the most heavily traded pre-market.
  • Day trader favorite AMC Entertainment gained 2.5%. AMC said ticket revenue from US movie theaters was the highest in any month since February 2020.
  • Trading is also taking place at a fast pace: Palantir Technologies. The software company rose 1.5%.
Today’s planner

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