Finace And Stock

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

Futures are pointing to a partial relief rally after Tuesday’s rout on Wall Street. Here’s what we’re watching before Wednesday’s trading heats up.

  • Major technology shares that closed with losses on Tuesday were ticking higher premarket.

    Microsoft,

    Google parent

    Alphabet

    and

    Apple

    were each up 1.2%, and chip maker

    Nvidia

    gained 1.5%.

  • Micron Technology

    slipped 3.4% premarket. 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

  • Earnings are due from

    Cintas,

    Herman Miller

    and

    Jabil

    before the opening bell.

  • Bitcoin was up 1.1% on Wednesday from its 5 p.m. ET price on Tuesday, and popular crypto wallet provider

    Coinbase

    was up a similar 0.9% premarket. Retail-trading app Robinhood added 1.1%.

  • Major U.S. airlines were inching higher ahead of the bell, with

    American Airlines

    up 0.8%,

    Delta Air Lines

    up 0.8%,

    United Airlines

    up 0.6% and

    Southwest Airlines

    up 0.9%.

  • Vaccine makers that were hit in Tuesday’s market decline were staging a rebound.

    Moderna

    gained 2.3% premarket and

    Novavax

    climbed 3.5%.

  • Cal-Maine Foods

    climbed 1.9% premarket. The egg producer’s losses narrowed in the fiscal first quarter as sales rose 13% due to higher selling prices.

  • Landec

    will report results after Wednesday’s close.

Chart of the Day
  • A swift rise in government-bond yields is hitting shares of technology stalwarts that have powered major indexes higher for years, testing investors’ faith in some of the stock market’s most popular trades.

Write to James Willhite at james.willhite@wsj.com

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


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