GameStop, Stitch Fix, SentinelOne, Novavax: What to Watch When the Stock Market Opens Today

GameStop, Stitch Fix, SentinelOne, Novavax: What to Watch When the Stock Market Opens Today

Stock futures are inching up after Tuesday’s rally on Wall Street amid optimism that Omicron won’t be the disaster some had feared. Here’s what we’re watching in Wednesday’s trading:

GameStop is due to report earnings after the closing bell.

Covid-19 vaccine makers were dropping ahead of the open. Novavax shed 5.9%, Moderna slipped 3.4% and Pfizer declined 2.3%. Early lab tests have shown the Omicron variant weakening vaccine effectiveness.

Robinhood Markets gained 3.6% premarket. After Tuesday’s close the trading-app provider filed to terminate its registration statement for the resale of stock from certain shareholders. The company noted this wouldn’t change the number of shares available for sale.

Travel stocks were on the rise. Cruise operator Carnival added 2.4%, hotel chain Marriott International gained 1.5% and United Airlines rose 1.7%.

Cybersecurity company SentinelOne dropped 11% premarket after it reported a loss for the recent quarter.

Luxury home builder Toll Brothers nudged up 0.7% premarket after it said fourth-quarter profit nearly doubled