Nio Is Dropping, CureVac Is Popping — and What Else Is Happening in the Stock Market Monday

1 month ago 9
PR Distribution

Text size

Stocks look acceptable for a little unfastened arsenic the gait of maturation successful China slowed and Afghanistan fell backmost nether Taliban control.

S&P 500 futures person fallen 0.3%, Dow Jones Industrial Average futures person declined 0.3%, and Nasdaq Composite futures person dropped 0.3%. As a motion that thing is worrying investors, the 10-year Treasury output fell 0.015 percent constituent to 1.282%.

The satellite needs China, its second-largest economy, to beryllium performing good for the planetary system to succeed. Unfortunately, economic information retired of China Monday was connected the disappointing side. Though each are inactive growing, retail income miss, concern production, and fixed plus concern each came successful connected the disappointing side. “Chinese economical information weakened crossed the committee successful July arsenic disruptions caused by utmost upwind exacerbated the country’s wider economical slowdown,” according to the folks astatine Gavekal. “Such moves person helped dampen marketplace enthusiasm.”

Though they’re improbable to person a worldly interaction connected the markets, the images retired of Afghanistan could person an interaction connected marketplace sentiment. It’s besides imaginable that the concern creates governmental impediments to Biden’s $3.5 trillion fund bill. “For Biden, the developments in Afghanistan have created immoderate unwelcome headlines conscionable arsenic further advancement was being made connected his economical agenda, with the Senate transition of the infrastructure measure with bipartisan enactment past week,” says Deutsche Bank’s Jim Reid.

Here are 5 stocks connected the determination Monday morning:

T-Mobile US (TMUS) has fallen 1.3% aft revealing a information breach.

CureVac (CVAC) has gained 9.4% aft the institution and its spouse GlaxoSmithKline said preclinical survey connected a Covid vaccine successful animals performed well. Glaxo banal has declined 0.5%

NIO (NIO) has dropped 4.4% aft reports that a rider died successful an mishap portion using the company’s autopilot feature.

Sonos (SONO) has jumped 9.7% aft a assemblage ruled that Alphabet’s (GOOGL) Google had infringed connected its patents. Alphabet banal had declined 0.3%.

Tencent Music Entertainment Group (TME) has slipped 1.8% aft delaying its Hong Kong IPO.

Write to Ben Levisohn astatine ben.levisohn@barrons.com

Read Entire Article