Bond markets are closed for a federal holiday, but the stock market is open for business. Here’s what we’re watching ahead of Monday’s open.
Energy producers were getting a boost from the run up in prices for crude and natural gas. Occidental Petroleum rose 3.1% premarket, Devon Energy gained 2.5%, Hess climbed 3% and Phillips 66 added 2.3%.
Southwest Airlines shares are losing altitude premarket, declining 1.9% from Friday’s closing price. The carrier canceled, citing bad weather and air-traffic-control problems in Florida that rippled throughout its operation. Merck applied for emergency use authorization for its Covid-19 pill, but investors seemed queasy. Its shares slipped 1.2% premarket.
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