por admin » Vie Nov 12, 2021 9:33 am
Rivian Stock Price Edges Higher: What to Watch in the Stock Market Today
Shares in the electric vehicle maker rose premarket, adding to its $100 billion market capitalization
Stock-index futures
Source: FactSet
As of Nov. 12, 9:20 a.m. ET
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By Caitlin Ostroff
Updated Nov. 12, 2021 9:08 am ET
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Stock futures are a touch higher Friday but major indexes are still poised to snap a five-week winning streak, knocked by concerns about high levels of inflation. Here’s what we’re watching in markets:
Rivian Automotive RIVN +9.36% shares are up 2.9% premarket. In its first two days of trading, the electric car-maker has cinched a market value of more than $100 billion, roughly a tenth the size of Tesla. TSLA -1.15%
Tesla shares edged down 1.2% premarket after its Chief Executive Elon Musk sold more stock in the electric-vehicle maker Thursday.
Lordstown Motors RIDE -12.34% shares fell more than 10% premarket after it reported a wider loss in the third quarter on higher expenses as the company said that commercial production and deliveries for its electric pickup truck will begin next year.
Johnson & Johnson JNJ +2.00% shares gained 3.3% premarket after it said it plans to break up into two companies, splitting off the $15-billion-a-year division that sells Band-Aid bandages, Tylenol medicines and Johnson’s Baby Powder.
U.S.-listed shares of AstraZeneca AZN -4.48% fell 3.1% premarket after the company posted a net loss for the third quarter despite a jump in revenue, as its recent acquisition of Alexion Pharmaceuticals and increased research-and-development expenses dragged down earnings.
Shares of single-serve coffee filter maker NuZee NUZE +18.15% surged more than 20% premarket. Shares leaped more than 160% Thursday after its partner, specialty coffee roaster Cuvee Coffee, said it will sell its product in 3,000 Walmarts in the U.S.
Spectrum Brands Holdings SPB +6.00% shared added 2.3% premarket after the home-essentials company said its profit and sales rose for the fiscal fourth quarter, though supply-chain disruptions weighed on results.
Eyeglass-maker Warby Parker WRBY -0.69% said its loss widened for the third quarter as the increase in expenses eclipsed revenue growth. Shares declined 1.9% premarket.
A Rivian R1T pickup
PHOTO: BRENDAN MCDERMID/REUTERS
Chart of the Day
Daily volume of trading on cryptocurrency exchanges
Source: CryptoCompare
Note: As of Nov. 5; *Includes spot and derivatives trading for OKEx,Huobi and FTX
Binance
Other exchanges*
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Started just four years ago, Binance is the exchange giant that towers over the digital currency world, a crypto equivalent of the London, New York and Hong Kong stock exchanges combined. Binance processes more trades for cryptocurrencies such as bitcoin and ether each day, $76 billion worth, than its four largest competitors put together, according to data provider CryptoCompare.