Here’s what we’re watching ahead of Monday’s opening bell
Zillow Group dropped 6.1% premarket. The online real-estate company told Bloomberg that it won’t purchase homes for the rest of the year, saying that it was “beyond operational capacity.”Intercontinental Exchange rose more than 2% premarket after Silver Lake said it was acquiring ICE’s 9.85% stake in Euroclear Holding.
Crude prices were climbing early Monday, boosting the share prices of producers. Occidental Petroleum gained 2.3% and Diamondback Energy added 1.2%.U.S.-traded shares of French biotech Valneva soared 39% premarket. It said its coronavirus vaccine candidate outperformed AstraZeneca ‘s in a Phase 3 study, which met both its co-primary endpoints.
Johnson & Johnson , meanwhile, edged up 0.2% after a panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the Johnson & Johnson vaccineVaccine maker Moderna was down 0.8% premarket. Last week the FDA delayed a decision on making its Covid-19 shot available for adolescents, to assess whether it may lead to heightened risk of a rare inflammatory heart condition.
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