GameStop, Clover Health, FuelCell Energy: What to watch out for when the stock market opens today

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WSJ.com: Markets

Updated June 10, 2021 at 9:10 a.m. ET

Here’s what we’re watching as Thursday begins trading.

  • US stock futures rose after data showed an acceleration in the rate of inflation as the economy left the pandemic.
  • Futures for the S&P 500 rose 0.3% and Dow Jones Industrial Average futures rose 0.4%. Contracts for the technology-driven Nasdaq-100 were down 0.1%. Read our full market overview here.
  • Bitcoin was trading at $ 37,600, up 3.8% from its level at 5 p.m. ET on Wednesday. The cryptocurrency is still down over 40% from its mid-April high.
  • US jobless claims fell to another pandemic lows last week, a sign that companies are reluctant to lay off workers as the economy quickly rebounds.
What’s up
  • Merit is due after closing Chewy CHWY 0.89%

    and beyond the air.

    XAIR -0.38%

Market movers in view
  • GameStop GME -21.10%

    is down 7.5% in pre-trading. The video game retailer said it was considering a new stock offering and announced that the SEC has requested documents and information for its investigation into the recent trading frenzy. It also reported stronger-than-expected sales in the most recent quarter.

GameStop Corp. has hired its executive team as the video game retailer seeks to capitalize on its recent popularity with investors.


Photo:

Bing Guan / Bloomberg News

  • Fuel cell energy FCEL -11.31%

    Stocks fell 11.6% after reporting a decline in sales last quarter

  • Klee Health CLOV -11.26%

    rose over 7% in the early morning before declining to a 2% increase. The stock was up 88% at the close of trading for the week yesterday.

  • AMC entertainment AMC -11.06%

    4% slipped. The cinema chain fell by over 10% on Wednesday. blackberry,

    BB -5.94%

    another stock often discussed on Reddit forums lost 2%.

  • ContextLogic WISH 0.14%

    Shares continued to fluctuate, jumping 4.6% before the bell. On Wednesday they closed 8.9% in high volume trading after rising more than 25% at the start of the session.

  • Biogen BIIB 3.97%

    slipped nearly 1% pre-launch and pulled back after rising more than 40% this week after the FDA approved its Alzheimer’s drug, a long-awaited breakthrough.

Market facts
  • Green bond issuance reached a record $ 270 billion last year and will exceed that amount in 2021, according to data from the Climate Bonds Initiative.
  • The benchmark ten-year Treasury yield closed below 1.5%, its lowest level in more than three months, and was dragged down by mild economic data and strong investor demand both in the US and elsewhere.
Chart of the day
  • Bankers estimate that IPOs could raise around $ 40 billion in the coming months, more than ever during a summer stretch.
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