Updated April 21, 2021 at 9:04 a.m. ET
Here’s what we’re going to watch before the opening bell on Wednesday.
- US stock futures fell as the global Covid-19 infection rate and the potential for new variants raised concerns about the pace of the global economic recovery.
- Futures linked to the S&P 500 fell 0.2% and contracts on the Dow Jones Industrial Average fell 0.1%. The tech-heavy Nasdaq 100 futures were down 0.3%. Read our full market report.
Watch market movers
Netflix NFLX -7.40%
Shares fell 8% ahead of the IPO. Subscriber growth in the first quarter was weaker than expected, a potential red flag for the company as consumers gradually emerge from lockdowns and streaming competition increases.
Halliburton HAL -3.58%
Stocks rose 1% before going public. The oil services company posted a profit in the first quarter despite lower year-over-year sales as business picked up compared to the last three months of 2020.
Advance Auto Parts AAP 3.07%
Stocks rose 1.6% ahead of the IPO. Analysts from Raymond James and Morgan Stanley raised their price targets for the stock.
Health care principle THC 4.83%
3% pre-market added. The company reported profits after close of business on Tuesday and updated its outlook.
FuelCell Energy FCEL 8.15%
Stocks fell 3.5% before entering the market. The stock closed Tuesday at $ 8.59 per share after Wells Fargo set a price target of $ 9 per share.
CSX CSX 4.31%
Stocks fell 0.2% before the bell. The rail operator’s top line declined in the first quarter and net income declined year over year.
A CSX Transportation freight train travels through Covington, Kentucky on January 13, 2020.
Luke Sharrett / Bloomberg News
- The S&P 500 real estate sector closed on Tuesday at a record high for the first time since February 14, 2020. The S&P 500 energy sector now closed in the correction area.
- Dogecoin, the digital currency created as a hoax, reduced profits after rising more than 8,000% this year. It fell to 31 cents by Tuesday, according to CoinDesk, though some online users tried to raise it to $ 1 in order to realize what some dubbed “Doge Day.”
- On that day in 1982, futures contracts on the S&P 500 index first became available when they were opened for trading on the pits of the Chicago Mercantile Exchange.
Chart of the day
Apple AAPL 0.29%
added a paid subscription to its podcast app, along with other new products including an updated high-end iPad. Dan Gallagher of the Street writes that the new iPad and iMac may appear a little late in the game, but there’s good reason to believe they’ll still find their mark.
Have to read since you went to bed
Corrections and Reinforcements: Chipotle, Whirlpool and Equifax quarterly results will be due after the close of trading on Wednesday. A previous version of this article incorrectly stated that they would appear before opening. Verizon and Nasdaq reported before the Open, while an earlier version said they would report after the Open.
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