Futures are pointing to a fresh selloff on Wall Street, as bond yields extend rises and energy prices soar. Here’s what we’re watching ahead of Wednesday’s open.
-
jumped 9% ahead of the opening bell. The data-software company said it was selected for a U.S. Army intelligence program contract.
-
shares ticked 1.6% lower premarket after the company spent a day in the headlines amid a whistleblower’s testimony on Capitol Hill and a widespread outage of its services.
- But the downdraft in major tech shares was hitting most of the giants.
slipped 1.5% premarket,
shed 1.7%, Google-parent
fell 1.5%,
gave up 1% and
lost 1.4%.
Tim Cook talked about the new iPhone 13 during the Apple event on Sept. 16, 2021.
Photo:
Apple Inc.
- Cryptocurrencies turbo-charged by Tesla CEO
Elon Musk
got another boost Wednesday. The token Shiba Inu gained 65% over the previous 24 hours, adding to a days-long rally after Mr. Musk posted a new photo of his Shiba Inu puppy named Floki on Monday. The coin now has a market value of $8.5 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favorite of Mr. Musk’s, also rose 3.8% over the previous 24 hours.
- Shares of
lost almost 4% premarket and
more than 2%, weighed down by concerns about fuel costs and a slowing economic growth.
-
and
are due to report quarterly earnings before Wednesday’s open.
- Vaccine makers
and
look set to remain stuck in the doldrums that began after Merck’s successful test of its Covid-19 treatment. Novavax dropped 4.1% premarket and Moderna fell 2.5%.
- Business-development company
‘s stock nudged up 1.2% in the extended session after it reported record repayments during the second quarter.
-
will give an earnings update after the close.
Chart of the Day
- Silver prices just wrapped up their worst four-month stretch since November 2014, dragged down by expectations for higher interest rates and a slowdown in manufacturing activity.
Write to James Willhite at james.willhite@wsj.com
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