Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch When the Stock Market Opens Today
Stock futures are slipping, pointing to another day of losses as investors prepare for a meeting of Federal Reserve policy makers and earnings from big technology companies.
- Cryptocurrencies were broadly lower, with bitcoin down 8.7% from its Friday 5 p.m. ET level, and crypto stocks were dropping along with them. Crypto exchange
fell 9.8% premarket. Bitcoin miners were especially hard hit, with
down 11% and
slipped 1% premarket. An activist investor wants the stationary-bike maker to fire its chief executive and explore a sale after its stock plummeted more than 80% from its high, as growth slowed.
added 0.7%. The oil-field-services company swung to a profit in the fourth quarter as revenue grew in North America and internationally.
soared 26% premarket. In a letter, Engine Capital urged Kohl’s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the department-store chain’s turnaround.
U.S.-traded shares of
jumped 6.7% after reports that activist hedge fund Trian Fund Management had bought a stake in the packaged-food and consumer-goods company in the wake of its failed bid for part of GlaxoSmithKline.
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