This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Facebook, Acceleron Pharma, Spotify: What to Watch When the Stock Market Opens Today
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Facebook, Acceleron Pharma, Spotify: What to Watch When the Stock Market Opens Today
Markets

Facebook, Acceleron Pharma, Spotify: What to Watch When the Stock Market Opens Today

Editorial Board Published September 28, 2021
Share
Facebook, Acceleron Pharma, Spotify: What to Watch When the Stock Market Opens Today
SHARE
By

Joe Wallace

Sept. 28, 2021 6:53 am ET

Stock futures sagged as investors rotated out of interest-rate sensitive technology shares. U.S. government bond yields hit their highest level in three months. Oil prices hit three-year highs. Here’s what we’re watching ahead of the opening bell.

  • Tech stocks including Facebook, FB 0.18% Apple AAPL -1.05% and Amazon.com AMZN -0.58% —all sensitive to the outlook for interest rates because profits are expected to grow far into the future—fell more than 1% each in premarket trading.
  • Acceleron Pharma XLRN 6.69% shares gained 2.4%. Merck MRK -0.34% is in advanced talks to buy Acceleron, according to people familiar with the matter, in a move that would bolster the pharmaceutical giant’s rare-disease business. Merck shares were roughly flat premarket.
  • Spotify Technology SPOT 1.19% fell 2.1%. The music and podcast-streaming company has started its first global brand campaign to court marketers, part of an effort to expand revenues from advertising.
  • Occidental Petroleum, OXY 7.44% Devon Energy DVN 5.77% and Diamondback Energy FANG 7.62% were among the firms to get a boost from rising prices for oil and gas prices. Crude has been swept up in a broad rally in energy markets.
  • Shares of chip companies including Nvidia NVDA -1.91% and Micron Technology MU 1.53% slipped ahead of the bell. Micron is due to report earnings Tuesday. The latest threat to supply chains for semiconductors: High coal prices and efforts to curb energy consumption in China.
  • Entertainment giant Endeavor Group has agreed to buy an online sports-betting business from game developer Scientific Games SGMS 2.05% for $1.2 billion in cash and stock. Scientific rose 2.5% premarket.
  • Ford Motor F 2.76% rose 1.9%. The auto maker plans to spend $7 billion to build two battery factories in Kentucky and a third in western Tennessee—part of a collaboration with SK Innovation—as well as a factory for producing electric trucks.
  • Concentrix CNXC -0.76% gained 4.6% ahead of the bell. The business-services company’s quarterly profit more than doubled and revenue rose 20% from the year earlier.

The Ford Motor Mustang Mach-E electric SUV for sale at a dealership in California in June.

Photo: David Paul Morris/Bloomberg News

  • Activist hedge fund Starboard Value has a more-than-8% stake in Huntsman HUN 4.31% and plans to agitate for change at the chemicals producer, The Wall Street Journal reported. Huntsman shares ticked up 0.9% premarket.
Chart of the Day
  • Banks are on pace this year to merge at a level not seen since the 2008 financial crisis. It is a turnaround from last year, when the economy spiraled and many regional and community banks put merger plans on the shelf. Now, bank executives are feeling more certain about what the future holds, but some are finding it hard to make it on their own.

Write to Joe Wallace at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Stock Futures Fall as Bond Yields Hit Three-Month High Stock Futures Fall as Bond Yields Hit Three-Month High
Next Article With Germany Sidelined, EU Must Wait on Big Challenges With Germany Sidelined, EU Must Wait on Big Challenges

Editor's Pick

Nicki Minaj Calls Cardi B’s Daughter ‘Ugly’; Cardi Shoots Again That Nicki’s Son Is Nonverbal Because of Drug Use Throughout Being pregnant

Nicki Minaj Calls Cardi B’s Daughter ‘Ugly’; Cardi Shoots Again That Nicki’s Son Is Nonverbal Because of Drug Use Throughout Being pregnant

Studying Time: 3 minutes The Nicki Minaj vs. Cardi B beef has been occurring for years. Like, mainly for so…

By Editorial Board 4 Min Read
Bruce Bochy out as Rangers supervisor after 3-year stint and the staff’s solely World Collection title
Bruce Bochy out as Rangers supervisor after 3-year stint and the staff’s solely World Collection title

By STEPHEN HAWKINS ARLINGTON, Texas — Bruce Bochy is not going to…

4 Min Read
China opens world’s reported largest span bridge over Beipan River valley to visitors
China opens world’s reported largest span bridge over Beipan River valley to visitors

The Huajiang Grand Canyon Bridge opened to visitors for the primary time…

3 Min Read

Oponion

Disney lastly will get it proper as beloved ‘Lilo & Sew’ joins billion-dollar membership

Disney lastly will get it proper as beloved ‘Lilo & Sew’ joins billion-dollar membership

Market Riot’s CEO Marc LoPresti talks in regards to the…

July 18, 2025

How Democrats and activists are preventing in opposition to Trump’s fascism

As President Donald Trump settles into…

February 7, 2025

50 Cent Pens Scathing Letter to Diddy Sentencing Choose: ‘I Worry For My Life’ If He is Launched

Studying Time: 3 minutes It’s the…

October 3, 2025

Kyrsten Sinema stares down Democrats over increases in corporate, income taxes

Sen. Kyrsten Sinema, a top Democratic…

October 20, 2021

Florida airports resume operations after Hurricane Milton

Panelists Veronica Nigh and Matt Joyner…

October 11, 2024

You Might Also Like

Gold FOMO may push steel to ,000
Markets

Gold FOMO may push steel to $4,000

Pacer ETFs President Sean O’Hara discusses the advantages of ETFs and lays out his favourite investments on ‘The Claman Countdown.’…

3 Min Read
OpenAI turns into world’s most respected non-public firm with 0B valuation: report
Markets

OpenAI turns into world’s most respected non-public firm with $500B valuation: report

OpenAI CFO Sarah Friar joins Mornings with Maria to debate main investments from NVIDIA, SoftBank, and others, the U.S.–China AI…

5 Min Read
Why are mortgage charges rising regardless of a price lower from the Fed?
Markets

Why are mortgage charges rising regardless of a price lower from the Fed?

Managing Director at Madison Ventures Plus Mitch Roschelle joins ‘Varney & Co.’ to interrupt down the New York exodus to…

4 Min Read
ETFs are flush with new cash. Why billions extra are flowing their method
Markets

ETFs are flush with new cash. Why billions extra are flowing their method

Pacer ETFs President Sean O’Hara discusses the advantages of ETFs and lays out his favourite investments on ‘The Claman Countdown.’…

8 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?