📈 Stock Market News: Government shutdown avoided - Futures higher on 1st day of October
Here's what is happening in the markets today, Friday, October 1st
Here's what is happening in the markets today, Friday, October 1st:
- A government shutdown has been avoided. President Biden signed a stopgap spending bill that will extend government spending through Dec 3rd.
- Merck (MRK) is taking off pre-market, up almost 8% after announcing that its Covid-19 pill cut the risk of death and hospitalization by 50%.
-Lordstown Motors (RIDE) Lordstown made a deal to sell its Ohio plant to Foxconn for $230 million AND Foxconn will take over the manufacturing of Lordstown's full-sized electric pickup. RIDE is up 6.0+ Pre-market.
- Zoom (ZM) and Five9 (FIVN) have backed out of a $15B deal mutually after the deal was rejected by Five9 shareholders. Zoom is up 4% PM while Five9 is down over 1.0% on the news.
- Coty (COTY) is up 2.0% after announcing a deal to sell another 9% of its Wella beauty business.
- Nio (NIO) reported deliveries of 10,628 vehicles in September, a 126% increase over a year ago for the electric vehicle maker. Nio added 1.8% in the premarket.
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- Merck (MRK) is taking off pre-market, up almost 8% after announcing that its Covid-19 pill cut the risk of death and hospitalization by 50%.
-Lordstown Motors (RIDE) Lordstown made a deal to sell its Ohio plant to Foxconn for $230 million AND Foxconn will take over the manufacturing of Lordstown's full-sized electric pickup. RIDE is up 6.0+ Pre-market.
- Zoom (ZM) and Five9 (FIVN) have backed out of a $15B deal mutually after the deal was rejected by Five9 shareholders. Zoom is up 4% PM while Five9 is down over 1.0% on the news.
- Coty (COTY) is up 2.0% after announcing a deal to sell another 9% of its Wella beauty business.
- Nio (NIO) reported deliveries of 10,628 vehicles in September, a 126% increase over a year ago for the electric vehicle maker. Nio added 1.8% in the premarket.
If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast.
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