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 0.4%.

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 75% 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 3%. 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% premarket. Investment bank Piper Sandler raised its rating on the stock.

-- Exxon Mobil shares fell 1.2% 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 5% premarket after the Chinese company reported its third-quarter results.

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(END) Dow Jones Newswires

December 07, 2020 08:25 ET (13:25 GMT)

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