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

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.

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

Photo: David Paul Morris/Bloomberg News

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 joe.wallace@wsj.com

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