Stock futures are rising, suggesting Wall Street indexes will add to 2022’s early gains after the open. Here’s what we’re watching ahead of Tuesday’s trading:
- Apple AAPL 2.50% shares added 0.6% ahead of the bell, a day after the iPhone maker briefly touched $3 trillion in market value, becoming the first U.S. company to do so.
- Tesla TSLA 13.53% was also up premarket, by 0.3%, after it notched its own strong start to 2022 on the heels of reporting that its deliveries of vehicles surged last year.
- Shares of Chinese e-commerce company Jowell Global JWEL -59.21% dropped 11% premarket, adding to Monday’s loss when the stock closed down 59%.
- Pfizer PFE -4.06% shares edged up 0.2% premarket. U.S. health regulators cleared use of a Covid-19 booster from Pfizer and BioNTech in adolescents 12 to 15 years old, expanding access to an extra dose that could bolster the fight against the Omicron variant. Novavax NVAX -0.12% shares slipped 1.9%.
- Carnival CCL 6.41% shares gained 2.5% premarket, just days after the CDC recommended all Americans avoid cruise ships, even if they are vaccinated. Royal Caribbean RCL 5.11% was also up, by 1.9%.
- AT&T T 3.37% gained 0.6% premarket and Verizon VZ 0.92% added 0.5%. The telecom companies said they agreed to delay their rollout of a new 5G service for two weeks, reversing course after previously declining a request by U.S. transportation officials.
- MillerKnoll MLKN 1.61% and Smart Global Holdings SGH 2.83% are among the companies reporting earnings Tuesday.
Chart of the Day
- Large lenders in Australia and Spain are offering customers cryptocurrency assets for the first time.
Write to James Willhite at [email protected]
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