Kodak, Lyft, Exxon Mobil: What to Watch When the Stock Market Opens Today

By Mischa Frankl-Duval 

Here's what we are watching as markets kick into gear Monday.

-- U.S. stock futures slipped on concerns that elevated Covid-19 infection levels could weigh on economic growth through the colder months. Futures tied to the S&P 500 slid 0.3%, indicating the broader gauge could move lower after the New York opening bell. Dow futures fell 0.3%.

Read our full market wrap here.

What's Coming Up

-- Business-spending management firm Coupa Software, Casey's General Stores and collaboration-software company Smartsheet report earnings after the market closes.

-- Companies including Citrix Systems, Cisco Systems and Splunk will speak at a Raymond James technology investors conference today.

Market Movers to Watch

-- Kodak shares leaped more than 65% before the bell after a government watchdog agency found no wrongdoing in the process that created a now-halted U.S. loan to the company.

-- Shares in IAC/InterActive fell 2.8%. The Wall Street Journal reported that Google was deciding whether to impose severe penalties on the online conglomerate over what the search giant concluded were deceptive marketing practices.

-- Lyft shares rose 2.6% premarket. Investment bank Piper Sandler raised its rating on the stock.

-- Exxon Mobil shares fell 1.1% following news that the company faces the threat of a proxy fight from a newcomer activist investor. Other oil majors were also lower.

-- U.S.-traded shares of JinkoSolar were down more than 6% premarket after the Chinese company reported its third-quarter results.

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Corrections & Amplifications

Dow futures were down Monday morning. An earlier version of this article incorrectly said that they had risen. (Corrected on Dec. 7)

(END) Dow Jones Newswires

December 07, 2020 09:18 ET (14:18 GMT)

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