Bond markets are closed for a national holiday, but the banal marketplace is unfastened for business
Updated Oct. 11, 2021 9:45 americium ET
- Energy producers were getting a boost from the tally up successful prices for crude. Occidental Petroleum roseate 1.9% successful opening trading, Devon Energy gained 0.8%, Hess climbed 2% and Phillips 66 added 1.3%.
- Bitcoin prices are besides gaining, and stocks successful the crypto ecosystem were reaping gains. Bitcoin miner Marathon Digital climbed 6.6% and Coinbase inched up 1.6%.
- Southwest Airlines shares are losing altitude, declining 2.6%. The carrier canceled more than 1,800 flights implicit the weekend, citing atrocious upwind and air-traffic-control problems successful Florida that rippled passim its operation.
- Emerson Electric slipped 2.2%. It plans to merge 2 of its bundle businesses with Aspen Technology successful a roughly $11 cardinal deal aimed astatine capturing increasing request for concern technology. Aspen’s banal added 7.8%.
- Apple is seeking a enactment connected a national judge’s bid that it let app developers to nexus to different outgo methods portion its entreaty works its mode done the system. The iPhone maker’s shares nudged up 0.3% premarket.
- Hasbro shares fell 1.8%. The planetary toy, crippled and amusement institution said Chief Executive Brian Goldner volition instrumentality a leave of lack for aesculapian care.
Chart of the Day
- The extended ascent successful lipid prices is leaving immoderate different concern commodities behind, a divergence that reflects bets that vigor proviso shortages volition offset immoderate slowdown successful the planetary economy.
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