Here’s what we’re watching as markets open Monday for the first trading session of 2021.
—U.S. stock futures rose on hopes that continued government stimulus and the rollout of coronavirus vaccines will bode well for equities. Futures tied to the S&P 500 rose 0.4% Monday, while contracts lined to the Dow Jones Industrial Average gained 0.4%, pointing to gains for both gauges after the opening bell. Read our full market wrap here.
What’s Coming Up
— IHS Markit ‘s U.S. manufacturing index for December is out at 9:45 a.m. ET.
—U.S. construction spending for November, due at 10 a.m., is expected to increase 1.1% from the prior month.
Market Movers to Watch
— Tesla shares rose 2% premarket. The electric-vehicle maker’s sales soared in 2020 despite a drop in global demand for new cars during the Covid-19 pandemic. Tesla said Saturday that it delivered a record 499,550 vehicles globally last year, up from roughly 367,500 the previous year.