Apple, Nvidia, Micron, Ribbons: What to Watch When the Stock Market Opens Today

Futures point to a partial relief rally after Tuesday’s loss on Wall Street. This is what we are seeing before trading intensifies on Wednesday.

  • The major tech stocks that closed with a loss on Tuesday edged higher before trading. Microsoft added 0.8%, Google parent Alphabet was up 0.6%, Apple gained 0.8% and chipmaker Nvidia was up 1.1%.
  • Micron Technology fell 3.4% before commercialization. The memory chip maker beat expectations in its recent quarterly earnings, but failed to impress Wall Street with its outlook.

Micron Technology Headquarters in Boise, Idaho, March 28, 2021.


Photo:

Jeremy Erickson / Bloomberg News

  • Shares of discount retailer Dollar Tree rose 4.2% before trading after the company said early Wednesday that it had added about $ 1 billion to its share buyback plan.
  • Hardware maker HP fell 0.8% before marketing. JPMorgan downgraded both its rating and the stock’s target price.
  • Profits are due to Cintas,

    Herman Miller and Jabil before the opening bell.

  • Bitcoin was up 1.2% on Wednesday from its price at 5pm ET on Tuesday, and popular cryptocurrency provider Coinbase was also up 1.2% pre-market.
  • Major US airlines were up bit by bit ahead of the bell, with American Airlines down 0.7%, Delta Air Lines up 0.6%, United Airlines down 0.4% and Southwest Airlines down 0.6%.
  • Vaccine makers that were hit by Tuesday’s market downturn were seeing a rebound. Moderna gained 2.2% pre-market and Novavax was up 2.5%.
  • Cal-Maine Foods was up 1.9% pre-market. The egg producer’s losses were reduced in the first fiscal quarter, as sales increased 13% due to higher sales prices.

  • Landec will report the results after Wednesday’s close.

Chart of the day
  • A rapid rise in government bond yields is weighing on the tech-savvy stocks that have driven major indices higher for years, testing investors’ faith in some of the most popular trades on the market. values.

Write James Willhite at [email protected]

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