By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures moved higher in early morning trading Monday following Friday's big sell-off, as investors monitor the latest developments related to the Covid omicron variant.
- Peloton Interactive filed suit and is asking a federal court to declare that its new line of athletic wear doesn't infringe upon Lululemon Athletica's designs, after Lululemon sent a cease-and-desist letter.
Market Snapshot
Stock futures moved higher in early morning trading Monday following Friday's big sell-off, as investors monitor the latest developments related to the Covid omicron variant.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ gained 196 points. $S&P 500 Index (.SPX.US)$ futures added 0.77% and $NASDAQ 100 Index (.NDX.US)$ futures rose 0.95%.
Market Temperature
Read more: Market Temperature (11/29)
Top News
Stock futures, oil rise as investors weigh new variant
Oil prices and U.S. stock futures gained, indicating that markets might recoup some losses, as investors bet that the impact of the Omicron Covid-19 variant can be limited by updates to existing vaccines.
Economy week ahead: factories, inflation, jobs
Data will likely show U.S. employers added more than 500,000 jobs for the second straight month in November.
Buyout boom gains steam in record year for private equity
Private-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, more than double the volume of the previous peak in 2007.
Black Friday brought shoppers back to stores
For the first time in years, online retail sales over the Thanksgiving holiday weekend didn't increase from the prior year, according to some industry estimates.
Nissan to spend $17.6 billion on battery-powered vehicles over five years
Nissan says that by 2030 half of its vehicles sold will be powered at least partly by batteries. $NISSAN MOTOR CO (NSANF.US)$ $Nissan Motor (ADR) (NSANY.US)$
Hertz-Tesla deal signals rental-car providers' shift to EVs
The rental-car industry is sharpening efforts to add more battery-powered vehicles to fleets, the latest move among companies around the world in various industries that are embracing greener technologies. $Hertz Global(HTZ.US)$
Peloton sues Lululemon in fight over clothing line
Peloton Interactive filed suit and is asking a federal court to declare that its new line of athletic wear doesn't infringe upon Lululemon Athletica's designs, after Lululemon sent a cease-and-desist letter. $Peloton Interactive(PTON.US)$$Lululemon Athletica(LULU.US)$
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg