Novavax, Tesla, Netflix, United: What to Watch When the Stock Market Opens Today

Novavax, Tesla, Netflix, United: What to Watch When the Stock Market Opens Today

Futures are flat as investors await another big batch of earnings reports. Here’s what we’re watching ahead of Wednesday’s action:

Novavax  shares plunged 21% premarket after Politico reported that the pharmaceutical company was running into difficulties manufacturing a Covid-19 vaccine that met regulators’ quality standards. Fellow vaccine maker Moderna added 1.6%.

Netflix slipped 2.4% ahead of the bell. The streaming giant added 4.4 million memberships in the third quarter amid increased competition and the typical summer slowdown.

United Airlines , whose profit was boosted by federal aid, said the spread of the highly transmissible strain of Covid-19 slowed flying during the third quarter but hasn’t derailed its recovery. Its shares added 1.9% premarket.

Verizon Communications , Abbott Laboratories , Baker Hughes and Canadian Pacific Railway are due to report before the opening bell.

Omnicom Group slipped 1.3% premarket. The advertising company said its business continued to improve from the damage caused by the pandemic, with third-quarter organic revenue gains in each of its major disciplines.