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Oracle, Nvidia Rally: What to Watch When the Stock Market Opens

Here’s what we are watching as markets kick into gear Monday.

  • Stocks are poised for a sharp rebound. S&P 500 futures rose Monday, signaling that stocks may recover some ground this week after a bout of volatility driven by swings in technology shares. Tesla and Apple are among the heavyweights gaining in premarket trading. Read our full markets wrap here.
  • What to watch: It’s a light day for economic news, though a number of central banks including the Fed may grab the spotlight later this week.
Market Movers to Watch:
  • Oracle surged up almost 7% ahead of the opening bell after securing an agreement for TikTok’s U.S. business. Microsoft shares are largely flat, suggesting some think the suitor had a narrow escape given the restrictions surrounding TikTok’s powerful algorithms.
  • Investors seem to like everything about Nvidia scooping up a British chip designer from SoftBank. They sent Nvidia shares up over 6% in premarket trading, while SoftBank ended the day in Tokyo almost 9% higher.
  • Gilead’s offer to pay a 108% premium for a biotech firm isn’t winning much favor. The stock edged down 0.4% after Gilead disclosed it will pay $21 billion to buy Immunomedics and its breast-cancer drug.
Must Reads Since You Went to Bed:

The Wildly Popular Trades Behind the Market’s Swoon and Surge

Call It a Bubble, Call It Excess. Here’s What to Watch If Tech Goes Pop.

Stocks Rallied, and Many Missed Out

China’s New Financial Rules to Cover Jack Ma’s Ant Group

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