Zillow, State Street, Valneva, Coinbase: What to Watch When the Stock Market Opens Today

Zillow Group dropped 6.1% premarket. The online real-estate company told Bloomberg that it won’t purchase homes for the rest of the year, saying that it was “beyond operational capacity.”Intercontinental Exchange rose more than 2% premarket after Silver Lake said it was acquiring ICE’s 9.85% stake in Euroclear Holding.

Crude prices were climbing early Monday, boosting the share prices of producers. Occidental Petroleum gained 2.3% and Diamondback Energy added 1.2%.U.S.-traded shares of French biotech Valneva soared 39% premarket. It said its coronavirus vaccine candidate outperformed AstraZeneca ‘s in a Phase 3 study, which met both its co-primary endpoints.

Johnson & Johnson , meanwhile, edged up 0.2% after a panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the Johnson & Johnson vaccineVaccine maker Moderna was down 0.8% premarket. Last week the FDA delayed a decision on making its Covid-19 shot available for adolescents, to assess whether it may lead to heightened risk of a rare inflammatory heart condition.

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The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?A traditionally troublesome month is turning out to be anything but for the stock market…so far. Democratic policies are always better for the economy. Ugliest bull market ever
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