WSJ Reporter Gunjan Banerji, Slatestone Wealth chief market strategist Kenny Polcari and Surevest CEO Rob Luna on earnings, tech stocks and tips for investors.
U.S. stock futures rose Monday morning, putting the major averages on track for their first weekly advance in three.
Dow Jones Industrial Average futures gained 125 points, or 0.37%, while S&P 500 futures and Nasdaq 100 futures advanced 0.42% and 0.61%, respectively.
In stocks, Cabot Oil & Gas Corp. agreed to buy rival Cimarex Energy Co. for $7.35 billion in stock. The agreement will pay Cimarex shareholders 4.0146 Cabot shares for each Cimarex share they own.
CABOT OIL & GAS, CIMAREX ENERGY TO MERGE TO CREATE $17B PRODUCER
Martin Marietta Materials Inc. reached a deal to buy U.S. assets owned by Germany-based HeidelbergCement for $2.3 billion cash.
Elsewhere, Virgin Galactic Holdings Inc. shares rocketed higher after the space exploration company on Saturday successfully completed its first test flight in over two years.
Movie-theater chain AMC Entertainment Holdings Co.’s largest shareholder, Dalian Wanda Group, sold the majority of its stake, according to a regulatory filing released Friday. Wanda acquired AMC in 2012 and took the company public in 2013.
Bitcoin-linked companies including Coinbase Global Inc., MicroStrategy Inc. and Tesla Inc. were in focus after the cryptocurrency over the weekend plunged below $32,000 per coin before recouping some of its losses.
Meanwhile, energy companies like Chevron Corp., Exxon Mobil Corp. and Schlumberger Ltd. were higher as West Texas Intermediate crude oil climbed $1.09 to $64.67 per barrel.
Gold, meanwhile, rallied $5.70 to $1,882.40 an ounce.
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Overseas markets traded mostly higher.
In Europe, Britain’s FTSE 100 rose 0.23% while France’s CAC 30 ticked up 0.07%. Germany’s DAX 30 was closed for holiday.
Asian markets were mixed with Hong Kong’s Hang Seng index slipping 0.16% while Japan’s Nikkei 225 and China’s Shanghai Composite added 0.17% and 0.31%, respectively.
