U.S. stock futures rose on Monday morning on optimism that the end of the 39-day government shutdown is approaching. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.46%, 0.91%, and 0.37%, respectively, at 8:17 a.m. EST on November 10.
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During Friday’s regular trading session, the three major indexes closed mixed amid concerns about hefty tech valuations. Overall, all three indices ended last week in the red amid sharp volatility.
Coming to trending stocks, Metsera (MTSR) shares plunged 15% in Monday’s premarket trading after Novo Nordisk (NVO) said that it wouldn’t raise its offer to buy the U.S. experimental weight-loss drugmaker and would rather pursue other obesity deals. NVO stock was up 1.6% as of writing. Notably, pharma giant Pfizer (PFE) has struck a $10 billion deal to acquire Metsera.
Meanwhile, investors await some major earnings releases, including reports from Occidental Petroleum (OXY), AST SpaceMobile (ASTS), Nebius Group (NBIS), Oklo (OKLO), Cisco Systems (CSCO), CoreWeave (CRWV), Walt Disney (DIS), Applied Materials (AMAT), and Ross Stores (ROST). Also, Rigetti Computing (RGTI), BigBear.ai Holdings (BBAI), and Beyond Meat (BYND) will be announcing their quarterly results today.
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