“Futures are at a slightly higher level, mostly in the wake of Friday’s‘ dovish Powell ’rally after a quiet weekend,” writes Tom Essaye, founder of Sevens Report Research.
On Friday, all three major indices rose, with the S&P 500 and Nasdaq reaching all-time highs. Fed Chairman Jerome Powell said that while the Fed is likely to reduce the size of its bond-buying program soon, that doesn’t necessarily mean it’s closer to raising short-term interest rates. Powell stressed that much of the recent high inflation is temporary, which probably means the Fed is not considering a rate of rise faster than previously expected.
In the future, the expected home sales data will hit the lines at 10 a.m. Eastern time.
Here are five stocks that will trade on Monday in pre-trade operations:
(CTLT) rose 2.9% in reporting earnings of $ 1.16 per share, which exceeded estimates of $ 1.10 per share in revenue of $ 1.19 billion, exceeding expectations of $ 1.14 billion.
(AFRM) stock price rose 42.5% after announcing a partnership with Amazon.com (AMZN) for its buy-pay-pay-later products.
(SPRT) stock price rose 38%, rising more than 1,000% this year. It seems to be a new “meme pack”.
(GSAT) stock price rose 51% after the report
(AAPL) iPhone 13 supports satellite communications.
(MRNA) strain decreased by 3% after one million doses of Covid-19 vaccine were added from Japan. 1.6 million contaminated doses were taken last week.
Write to Jacob Sonensh at [email protected]