An activistic capitalist urged Kohl’s to see a sale; Alibaba is reorganizing its e-commerce teams

Cryptocurrencies including Shiba Inu moved sharply little implicit the weekend.

Photo: Jakub Porzycki/Zuma Press

Updated Dec. 6, 2021 8:04 americium ET

Stock futures are mixed arsenic investors see a tiny survey suggesting that the Omicron variant whitethorn origin milder disease. Here’s what we’re watching successful Monday’s trading:

  • Cryptocurrencies are stabilizing aft a weekend rout dragged bitcoin prices down by much than 20%. Other widely traded cryptocurrencies including Solana, Dogecoin and Shiba Inu coin astatine 1 constituent mislaid much than one-fifth of their value. Bitcoin connected Monday traded astatine astir $48,600, implicit 9% down connected its level astatine 5 p.m. ET Friday, but up from Saturday’s debased of $42,000.
  • Crypto stocks were showing strains. Bitcoin wallet supplier Coinbase shed 4.6% premarket, and bitcoin miner Marathon Digital dropped 8%.
  • CF Acquisition shares soared 20% up of the bell. The blank-check institution sponsored by financial-services steadfast Cantor Fitzgerald past week agreed to harvester with video level Rumble.
  • Kohl’s shares added 3.5% premarket. An activistic capitalist is urging the department-store concatenation to consider a sale of the institution oregon a separation of its e-commerce business.
  • Adicet Bio shares rocketed 41% higher. The biotech said it had received affirmative information from a signifier 1 proceedings of a imaginable attraction for Non-Hodgkin’s lymphoma.
  • U.S.-traded shares of Alibaba gained 1.3%. The Chinese tech elephantine said it would reorganize its e-commerce teams and appointed a caller main fiscal officer, arsenic it faces expanding contention successful China, slowing maturation and a plummeting banal price.
  • Crude prices were gaining, and producers’ stocks were on for the ride. Occidental Petroleum gained 2.5% and ConocoPhillips added 1.1%.
  • Coupa Software ,   GitLab and  HealthEquity  volition present quarterly updates aft the close.
Chart of the Day
  • Focusing connected environmental, societal and governance criteria has helped Nasdaq gully new listings of $191 billion truthful acold this year, compared with $109 cardinal astatine NYSE.

Write to James Willhite astatine james.willhite@wsj.com

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