Tesla, Merck, Moderna: What to Watch When the Stock Market Opens Today

Stock futures edged down arsenic investors kept connected oculus connected the aggregate quarrels implicit authorities spending taking spot connected Capitol Hill. Here’s what we’re watching earlier Monday’s trading begins.

• Tesla  overcame snarled planetary proviso chains to deliver a grounds fig of vehicles in the 3rd quarter. The Silicon Valley electric-vehicle maker’s shares climbed 2.8% premarket.

• Merck shares were up much than 3% premarket. Last week, the cause shaper said its pill intended to dainty Covid-19 had succeeded in a cardinal study.
• Shares of immoderate vaccine makers were extending declines premarket aft having dropped past week pursuing the study connected Merck’s pill. Moderna was down 3% and Novavax shed 1.4%.
• Southwest Airlines shares gained 1.5% premarket. Barclays upgraded its standing of the banal and lifted its terms people to $75 a share. It closed Friday astatine $54.35.
• DuPont was up 1.2%, having besides received a ratings upgrade, from JPMorgan. The slope besides nudged its terms people up to $85 a stock from $84.
• 3M shares meantime received a ratings downgrade from JPMorgan, and the banal was trading down 1.5% premarket.
• Wine producer  Duckhorn Portfolio  and  Comtech Telecommunications  are among the companies reporting net Monday.

Chart of the Day

• A quirky country of the U.S. banal marketplace location to cannabis sellers, cryptocurrency trusts and different speculative investments is seeing record levels of activity.

Write to James Willhite astatine james.willhite@wsj.com