Apple, Nvidia, Micron, Dollar Tree: 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 inching higher premarket.
Microsoft,

Google parent

Alphabet

and

Apple

each gained 0.5%, and chip maker

Nvidia

climbed 1%.
Micron Technology

slipped 3.1% 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

Shares of discount retailer
Dollar Tree

jumped 6.4% premarket after the company said early Wednesday that it had added about $1 billion to its share repurchase plan.
Computer hardware maker
HP

slid 1.7% premarket. JPMorgan cut its rating and price target for the stock.
Jabil

shares were down 2.2% premarket. The electronics manufacturer said profit rose in the recent quarter and issued a financial outlook for the coming quarter in line with Wall Street expectations.
Bitcoin edged up 0.6% on Wednesday from its 5 p.m. ET price on Tuesday, and popular crypto wallet provider
Coinbase

added 0.9% premarket.
Major U.S. airlines were inching higher ahead of the bell, with
American Airlines

up 0.7%,

Delta Air Lines

up 0.8%,

United Airlines

up 0.5% and

Southwest Airlines

up 0.5%.
Vaccine makers that were hit in Tuesday’s market decline were staging a rebound.
Moderna

gained 2.4% premarket and

Novavax

climbed 3.1%.
Cal-Maine Foods

climbed 3.1% premarket. The egg producer’s losses narrowed in the fiscal first quarter as sales rose 13% due to higher selling prices.
Landec

and

Herman Miller

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

Corrections & Amplifications
Herman Miller is scheduled to report earnings after Wednesday’s close. An earlier version of this article incorrectly said the report was due before markets open. (Corrected on Sept. 29.)