Bitcoin, Coinbase, Aon, Tesla: What to watch out for when the stock exchange opens today

Updated July 26, 2021 at 9:19 a.m. ET

US stock futures slipped Monday, suggesting major Wall Street indices will pull back from last week’s record highs. Here’s what we’ll watch before the opening bell. Read our full market overview here.

  • The bitcoin bulls are back. Bitcoin rose as much as 20% to a six-week high on Monday and traded above $ 39,000 before detracting from some of its gains. Some investors attributed the rally to speculation that Amazon AMZN -7.56%

    could start accepting the cryptocurrency as payment and liquidating short positions.

  • Coin base,

    COIN 0.34%

    one of the world’s largest cryptocurrency exchanges, rose almost 7% in pre-market trading due to the Bitcoin jump.

Coinbase stocks rose ahead of the market as bitcoin prices rose.


Photo:

Shannon Stapleton / Reuters

  • Lumen Technologies LUMN shares -0.80%

    are a ray of hope on a dreary market day after the communications technology provider agreed to sell its Latin America business to Stonepeak for $ 2.7 billion. The Lumen share rose 3.3% before the IPO.

  • Everyone -1.23%

    Shares rose 5.8% after the proposed $ 30 billion acquisition of Willis Towers Watson WLTW was scrapped 1.24%

    because of a dead end with the Justice Department. Willis Towers Watson’s shares fell over 6%.

  • Modern MRNA 2.30%

    gained 2% ahead of the market. The pharmaceutical company has seen weekly gains of over 20% for the past two consecutive weeks. It was added to the S&P 500 index on July 21st.

  • Hasbro HAS toy maker -0.37%

    increased 4.3% after net sales increased 54% in the second quarter. Adjusted earnings per share that beat analysts’ estimates.

  • PerkinElmer,

    PKI 1.63%

    a life science company, down 3.3% after it announced it would buy BioLegend, which sells antibodies and reagents, for $ 5.25 billion in a combination of cash and stocks.

  • Some US-listed Chinese tech companies continued to slide after Beijing tightened regulatory enforcement over the weekend to include the education sector. E-commerce platform for food Pinduoduo PDD -0.53%

    8% liked, online retailer JD.com JD -1.46%

    fell 4% and the game company NetEase NTES 1.30%

    7% down.

  • One of the most popular meme stocks at AMC Entertainment AMC -2.91%

    rose 3.3%, reversing direction after falling in the last three trading sessions.

  • Tesla TSLA 1.45%

    should post profits after the market closes. Wall Street expects the company’s revenue to nearly double in the second quarter from the same period last year.

Chart of the day
  • China confirmed it will take drastic steps to contain the country’s booming tutoring industry, leading to further sell-offs in stocks like New Oriental Education & Technology Group EDU. led -1.81%

    On Monday. The restrictions are the latest regulatory attack on a rapidly growing part of the Chinese economy and follow months of crackdown on various aspects of the Chinese technology industry.

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