Bitcoin, Vaxart, Devon Energy: What to Watch When the Stock Market Opens Today

Stock futures wavered after the September jobs report showed a smaller increase in nonfarm payrolls than had been forecast. Here’s what we’re watching ahead of Friday’s open. 

  • Bitcoin rose 1.4% from its price at 5 p.m. ET on Thursday, and stocks in the crypto world were also gaining. The SEC approved Volt Equity’s ETF, which aims to track companies that hold a majority of their assets in bitcoin or derive most of their earnings from bitcoin-related activities.

    Coinbase


    COIN 0.48%

    was up 0.5% premarket, and bitcoin miner

    Marathon Digital


    MARA -1.39%

    gained 2.2%.

  • Vaxart


    VXRT -0.14%

    shares jumped 6.2% premarket after the company said its oral Covid-19 vaccine candidate has shown it could reduce the airborne transmission of the virus in an animal model.

  • Fellow vaccine makers

    Moderna


    MRNA 2.29%

    and

    Novavax,


    NVAX 2.34%

    that have suffered price stumbles recently, were also on the rise premarket, up by 1.7% and 1% respectively.

  • Crude prices are climbing, and shares of energy producers are following them higher.

    Occidental Petroleum


    OXY 1.50%

    added 1.3% premarket,

    Devon Energy


    DVN -0.72%

    gained 1.2% and oil-services company

    Halliburton


    HAL 1.70%

    rose 0.9%.

A pump jack operated at a well site leased by Devon Energy Production Company near Guthrie, Okla., Sept. 15, 2015.



Photo:

nick oxford/Reuters

  • Conagra Brands


    CAG -0.75%

    fell 1.6%, extending losses from the prior session that came after the packaged-foods maker said it expects higher inflation and posted a lower quarterly profit.

  • Accolade


    ACCD -0.42%

    shares dropped 4.8% premarket after the employee health benefits company reported a loss for the recent quarter.

  • Tesla


    TSLA 1.39%

    shares nudged up 0.1% after the electric-car maker said it is moving its headquarters to Austin, Texas, adding to a handful of Silicon Valley companies that have relocated there.

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Write to James Willhite at [email protected]

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