Here’s what we’re watching ahead of Tuesday’s opening bell.
—U.S. stock futures wobbled ahead of a flurry of economic data.
Futures tied to the S&P 500 and the Dow Jones Industrial Average were relatively flat after both major indexes closed at record highs on Monday. Contracts for the technology-focused Nasdaq-100 gained 0.3%, suggesting the tech sector could extend its rebound when the stock market opens. Read our full market wrap.
What’s Coming Up
—Earnings are due from cybersecurity firm
and business applications company
after the close.
—Monthly retail sales for February, due at 8:30 a.m. ET, are expected to show a small decline after 5.3% growth in January, the largest gain in seven months. U.S. business inventories for January, due at 10 a.m., are expected to rise 0.3% from a month earlier.
Market Movers to Watch
—The lights go down, the curtains go back and
stock rallies another 1% premarket after a 26% jump Monday. Movie theatres in the big market of Los Angeles were finally allowed to reopen Monday following New York, the other critical market, which came back earlier this month.
B-shares are among the biggest risers ahead of the open, trading about 4.2% higher. The stock price of
TV group is up more than one-third over the past month.
is tumbling again premarket, down 7.5% after a near 17% drop on Monday. The videogame retailer’s stock is still trading more than 10-times higher than where it started 2021.
is down 0.6% following a similar fall Monday. The real-estate investment trust has fallen out of the S&P 500.
—A pretty dull morning all round is summed by
barely moving: Elon “Technoking” Musk’s electric car company edged down 0.2%. But there was trading activity around Mr. Musk elsewhere: Bidding for a tweet he was selling as a digital asset reached $1 million Tuesday on an online marketplace that lets people pay for the ownership of tweets. The video in the tweet features a golden trophy decorated with Shiba Inus, a nod to dogecoin, and techno music.
—Energy companies are struggling:
are all lower after falling Monday. ConocoPhillips is off, 1.1%, Occidental off 0.9% and Exxon 0.8%.
The Dow Jones Industrial Average hit its 14th record close of 2021 on Monday, climbing 0.5% to 32953.
Chart of the Day
Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices.
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—Caitlin Ostroff contributed to this article.
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