Stitch Fix, Tesla, Coupa Software: What to Watch When the Stock Market Opens Today

Here’s what we are watching as markets kick into gear Tuesday.

U.S. stock futures slid as political gridlock on both sides of the Atlantic weighed on sentiment amid a continued uptick in coronavirus cases. Futures tied to the S&P 500 fell 0.5%, suggesting that the broad market gauge may pull back for a second day. Nasdaq-100 futures edged down 0.4%. Read our full market wrap here.

What’s Coming Up

—Tax-preparation firm H&R Block will release earnings at around 8:15 a.m. ET. Videogame retailer GameStop and online pet-products company Chewy will report after the market closes.

Market Movers to Watch

—Tesla shares fell around 1% premarket after the company said it would sell up to $5 billion in shares over an unspecified timeframe. The company’s shares had been trading up more than 3% before the announcement.

—Shares of Stitch Fix jumped 34% offhours after the online clothing company reported quarterly results that beat expectations. It said active client numbers rose 10% year-on-year.

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Written by Chekmagazine


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