By Christiana Sciaudone
Investing.com -- Markets wore red on Thursday as the coronavirus surges across the United States and people are forced to socially distance some more.
Major U.S. cities including Boston, New York, and Chicago have recently announced restrictions and curfews to stem the jump in cases.
Energy led the rout in value stocks as U.S. crude stockpiles, well, stocked up. Materials and financials also came under pressure. Tech, for a change of pace, was also lower and did not show up to save the day.
In better news, Moderna (NASDAQ:MRNA) stoked hopes that preliminary data for its Covid-19 vaccine candidate could be released soon after it topped the number of coronavirus cases needed in its late-stage vaccine study to submit the preliminary data to an independent review board.
Here are three things that may move markets tomorrow:
1. Economic data
Producer prices for October are due at 8:30 AM ET (1230 GMT). Economists expect a deceleration to 0.2% from September's 0.4% increase. There's also the University of Michigan's preliminary look at consumer sentiment for November. Consensus calls for a reading of 82, up from the previous 81.8.
2. Feeling lucky?
Friday the 13th may prove lucky for DraftKings (NASDAQ:DKNG) Inc., which reports third quarter earnings before the open. Shares are up almost 300% year-to-date. Analysts expect revenue of $131.7 million and an adjusted loss per share of 62 cents.
3. Macro matters
Central bankers and finance ministers from the G-20 will hold an extraordinary meeting -- virtually, of course -- to discuss actions to help poorer nations struggling with debt burdens during the pandemic, according to Bloomberg. Closer to home, St. Louis Fed President James Bullard and his New York counterpart John Williams (NYSE:WMB) will both be speaking at events.