ECONOMY

Virgin Galactic, Carnival, United Rentals, Bitcoin: What to Watch When the Stock Market Opens Today

Futures are meandering near the flat line after Friday’s record close on Wall Street. Here’s what we’re watching ahead of Monday’s opening bell.

  • Futures for the S&P 500, which closed Friday at its 31st all-time high of the year, drifted between muted gains and losses. Contracts on the Dow Jones Industrial Average edged down 0.1%. Futures for the Nasdaq-100 ticked up 0.3%, pointing to modest gains for technology stocks.
  • Bitcoin is having a strong morning, rising more than 6%. Gold and oil were both slightly lower.
What’s Coming Up
Market Movers to Watch
  • Carnival


    CCL 2.44%

    shares are down 1.6% premarket. The cruise operator last week said its loss for the second quarter narrowed, and the company’s chief executive said it is working to return its full fleet to operations by next spring.

    Royal Caribbean


    RCL 2.59%

    also slipped, by 1.1%.

  • Virgin Galactic


    SPCE 38.87%

    ‘s booster rockets are kicking in. Its shares are up more than 7% premarket, building on Friday’s 39% gain that came after the company got the go-ahead from U.S. authorities to start carrying paying passengers to the edge of space.

Virgin Galactic’s VSS Unity was released from its mother ship, VMS Eve, on the way to its first spaceflight after launch from Spaceport America, New Mexico, May 22, 2021 .



Photo:

Reuters

  • Bitcoin wallet provider

    Coinbase


    COIN -2.34%

    Global was getting a boost from the cryptocurrency’s rise early Monday. Coinbase shares gained 1.8%. Bitcoin miners were gaining too, with

    Riot Blockchain


    RIOT -3.09%

    up 3.9% and

    Marathon Digital


    MARA -4.38%

    up 3.4%.

  • Boeing


    BA -0.87%

    shares lost some altitude, shedding 1.3% premarket. The Seattle Times reported over the weekend that the FAA told the plane maker an updated version of its 777 long-haul airliner is not ready for certification, and likely won’t be until late 2023.

  • United Rentals


    URI -1.21%

    edged up 0.5% premarket.

    UBS


    UBS 0.13%

    lifted its rating and price target for the equipment-rental company’s stock.

Market Facts
  • The New York Stock Exchange on Friday had its largest trading volume in more than three months, as more than 7.6 billion shares changed hands.
  • Trade Desk’s stock jumped 16%, leading a strong uptick among other so-called ad-tech players, after Google announced plans Thursday to delay its phaseout of third-party tracking cookies.
Chart of the Day
  • Broad gauges of market performance are surging together in a way few on Wall Street have ever seen, masking volatility under the surface.
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