Novavax, JD.com, Carnival: What to Watch When the Stock Market Opens Today

Stock futures are ticking higher ahead of the final trading session before the Christmas holiday. Here’s what we’re watching in Thursday’s action:

  • Novavax

    NVAX -1.24%

    shares gained 2.6% premarket after it said its two-dose Covid-19 vaccine demonstrated “strong immune responses” against Omicron and other variants. Fellow vaccine maker

    Moderna

    MRNA -2.20%

    shed 0.8%.

  • U.S.-traded shares of

    JD.com

    JD -2.72%

    dropped 6.7% ahead of the bell. Chinese social-media giant Tencent is shedding most of its stake in JD.com, saying that the e-commerce company has grown to the point where it no longer requires Tencent’s financial backing.

A JD.com warehouse in Beijing on Nov. 9, 2021.



Photo:

jade gao/Agence France-Presse/Getty Images

  • Biotech firm

    Allakos

    ALLK -0.59%

    was up 13% premarket. That would be a lot more exciting if it hadn’t closed down 90% the day before. Wednesday’s drop came after the company said two studies didn’t achieve statistical significance on patient reported symptomatic co-primary endpoints.

  • Airline shares were inching up amid a holiday travel season that is expected to be busy despite Omicron anxieties.

    United Airlines

    UAL 1.55%

    gained 1.3%,

    Delta Air Lines

    DAL 1.62%

    added 1.1% and

    American Airlines

    gained 1.4%.

  • Cruise operators’ shares were floating higher as well.

    Carnival

    CCL -0.24%

    gained 1.5%,

    Royal Caribbean

    RCL -0.27%

    rose 1.2% and

    Norwegian Cruise Line Holdings

    NCLH -1.04%

    added 2.1%.

  • Citigroup

    C -0.05%

    nudged up 0.6% premarket. The bank agreed to sell its consumer-banking business in the Philippines to a local lender, pressing ahead with its strategy to exit most of its retail operations in Asia and switch gears to grow in wealth management.

  • Hertz

    HTZ -1.68%

    shares added 2.3% premarket. The judge who oversaw the rental-car company’s chapter 11 restructuring trimmed bondholders’ requests for early repayment premiums and interest payments.

Chart of the Day
  • Municipal bond investors are piling into exchange-traded funds, attracted by low costs and the ability to trade quickly.

Write to James Willhite at [email protected]

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https://www.wsj.com/articles/novavax-jd-com-carnival-what-to-watch-when-the-stock-market-opens-today-11640260718

Jinggo B Danuarta

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