Tesla reported grounds deliveries successful the 3rd quarter; Merck shares were extending gains from past week

A antheral charged his car astatine a Tesla ace charging presumption successful Arlington, Va. connected Aug. 13, 2021.

Photo: andrew caballero-reynolds/Agence France-Presse/Getty Images

Updated Oct. 4, 2021 9:12 americium ET

Stock futures edged down arsenic investors kept connected oculus connected the aggregate quarrels implicit authorities spending taking spot connected Capitol Hill. Here’s what we’re watching earlier Monday’s trading begins.

  • Tesla  overcame snarled planetary proviso chains to deliver a grounds fig of vehicles in the 3rd quarter. The Silicon Valley electric-vehicle maker’s shares climbed 3% premarket.
  • Merck shares were up 4.1% premarket. Last week, the cause shaper said its pill intended to dainty Covid-19 had succeeded in a cardinal study.
  • Shares of immoderate vaccine makers were extending declines premarket aft having dropped past week pursuing the study connected Merck’s pill. Moderna was down 5% and Novavax shed 6.4%.
  • General Motors shares jumped 3.6% up of the bell. The car shaper said aboriginal Monday that struck a supplier statement with Wolfspeed, marking the company’s archetypal displacement to utilizing silicon carbide for electric-vehicle powerfulness electronics.
  • Automotive information electronics shaper Veoneer jumped 3.7%. Qualcomm and SSW Partners struck a woody to bargain Veoneer for $37 a share.
  • Shares of  Amplify Energy  lost much than fractional their value successful premarket trading Monday aft a large lipid spill astatine the company’s level disconnected the seashore of Orange County, Calif., implicit the weekend.
  • Southwest Airlines shares gained 2.1% premarket. Barclays upgraded its standing of the banal and lifted its terms people to $75 a share. It closed Friday astatine $54.35.
  • DuPont was up 2.7%, having besides received a ratings upgrade, from JPMorgan. The slope besides nudged its terms people up to $85 a stock from $84.
  • 3M shares meantime received a ratings downgrade from JPMorgan, and the banal was trading down 1.4% premarket.
  • Wine producer  Duckhorn Portfolio  and  Comtech Telecommunications  are among the companies reporting net Monday.
Chart of the Day
  • A quirky country of the U.S. banal marketplace location to cannabis sellers, cryptocurrency trusts and different speculative investments is seeing record levels of activity.

Write to James Willhite astatine james.willhite@wsj.com

Resume Subscription

We are delighted that you'd similar to resume your subscription.

You volition beryllium charged $ + tax (if applicable) for The Wall Street Journal. You whitethorn alteration your billing preferences astatine immoderate clip successful the Customer Center oregon call Customer Service. You volition beryllium notified successful beforehand of immoderate changes successful complaint oregon terms. You whitethorn cancel your subscription astatine anytime by calling Customer Service.

Please click corroborate to resume now.