Novavax, Lucid, Zoom Video, Barrick Gold, AMC: What to Watch When the Stock Market Opens Today

Novavax, Lucid, Zoom Video, Barrick Gold, AMC: What to Watch When the Stock Market Opens Today

Stock futures and global shares slipped following days of whipsaw moves, while oil prices rallied. Here’s what we’re watching in Tuesday’s trading:

Novavax shares dropped 7.7% premarket after the Covid-19 vaccine maker reported less revenue than expected for the fourth quarter.

Lucid Group fell 13% ahead of the bell after the electric car maker cut its 2022 vehicle-production target, underscoring the twin challenges of global supply-chain snags and the transition from startup to mass production.

Energy companies were broadly higher after crude prices topped $100 a barrel. Chevron , ConocoPhillips , Occidental Petroleum and Halliburton were all up by more than 1% ahead of the bell.

Target shares jumped 12% premarket. The retailer reported strong sales gains in the holiday quarter, capping off a two-year pandemic run during which the retailer grew its business by nearly $30 billion in revenue.

Zoom Video Communications shed 3.7% premarket. The company’s sales growth faltered in the fourth quarter, signaling that demand for its videoconferencing application is no