5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

1. Wall Street tries to keep its rebound rally going Wednesday as Wall Street tried to keep its rebound rally going. However, earlier gains were cut sharply and Nasdaq futures slipped. The jumped 549 points, or 1.6%, on Tuesday after starting the week with a 725 point rout. The and . The delta variant-driven surge in new daily Covid cases in the U.S. and around the world has put investors on edge. As of Tuesday's close, all three stock benchmarks were still over 1% away from last week's record closes. Adding to swings in stocks this week, the bounced off Tuesday's 5½-month lows of nearly 1.13%, . Bitcoin , rebounding after a sell-off in cryptocurrencies. 2. J&J, Coca-Cola, Verizon beat on earnings, revenue Dow stock rose about 1% in premarket trading after the U.S. drugmaker Wednesday delivered of $2.48 per share in the second quarter. Revenue of $23.31 billion also beat expectations. J&J expects to sell $2.5 billion of its one-shot Covid vaccine this year, even as concerns mount over its effectiveness against the delta variant. that people who got the J&J vaccine get a second shot of it or a booster of the or vaccines. Shares of Dow component