Wall Side road indexes opened higher to start out a hectic week of profits from large generation firms. Right here’s what we’re looking at in Monday’s buying and selling:

  • Pinterest

    stocks dropped after U.S. bills massive

    PayPal

    Holdings stated it isn’t lately pursuing a deal for the social-media platform, days after media stories that the firms have been in early talks for a multibillion-dollar deal.

PayPal stocks climbed after it denied it was once pursuing a deal to procure Pinterest.



Photograph:

Yichuan Cao/Zuma Press

  • Bakkt,

    a cryptocurrency buying and selling platform that went public via a SPAC deal closing week, was once on the upward thrust in early buying and selling. Rival crypto alternate

    Coinbase

    was once additionally up, and bitcoin itself was once up greater than 3% from its Friday 5 p.m. ET degree.

  • Buying and selling in

    Digital World Acquisition,

    the SPAC this is merging with Donald Trump’s media company, was once selecting up once more after closing week’s wild journey.

  • Phunware,

    a penny inventory additionally with Trump ties, was once additionally gaining, after Friday’s 471% surge. The small generation corporate isn’t successful, nevertheless it has labored for the previous president’s marketing campaign.

  • Cruise operator

    Carnival

    slipped after Citi lower its ranking of the inventory to impartial from purchase, despite the fact that the financial institution additionally expects the corporate to shift from burning money to producing money over the following 365 days as fleet deployments ramp up.

  • Elevator manufacturer

    Otis Worldwide

    stated its benefit rose for the 3rd quarter as gross sales grew in each the new-equipment and repair segments.

  • Kimberly-Clark

    diminished its full-year profits steerage because the paper-products maker stated supply-chain demanding situations have raised prices.

  • Tesla

    stocks won after Japan’s

    Panasonic

    confirmed off for the primary time a larger lithium-ion battery that it plans to provide to the U.S. electric-vehicle maker.

  • Clearway Energy

    agreed to promote its thermal-energy industry to KKR for $1.9 billion.

  • Facebook

    and Crane are a number of the firms reporting after Monday’s shut.

Chart of the Day

Write to James Willhite at [email protected]

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