AMC Leisure, Fox, GameStop: What to Watch When the Market Opens

Here’s what we’re going to watch before the opening bell on Tuesday.

– –US stock futures wobbled before a flood of economic data.

The futures linked to the S&P 500 and the Dow Jones Industrial Average were relatively flat by both major indices closed at record highs On Monday. Contracts for the tech-focused Nasdaq-100 rose 0.3%, suggesting that the tech sector could extend its rally if the stock market opens. Read our full market report.

What’s coming?

– –Income is due from the cybersecurity company

CrowdStrike

CRWD 0.78%

and business application companies

Coupa software

COUP 1.53%

after closing.

– –Monthly retail sales For February, which is due at 8:30 a.m.CET, a slight decline is expected after growth of 5.3% in January, the largest increase in seven months. January US corporate stocks due at 10 a.m. are expected to grow 0.3% from the previous month.

Watching Market Movers

– The lights go out, the curtains go back and

AMC Entertainment

AMC 25.81%

The stock rebounds another 1% ahead of the market after jumping 26% on Monday. The cinemas in the big Los Angeles market were finally allowed to reopen on Monday after New York, the other critical market that reopened earlier this month.

A reopened AMC theater in New York on March 6, 2021.


Photo:

John Marshall Mantel / Zuma Press

– –

Fox Corp.

FOX 0.25%

B shares are among the biggest movers ahead of the Open, trading 4.2% higher. Rupert Murdoch’s TV group share price is up more than a third over the past month.

– Reddit favorite

GameStop

GME -16.77%

falls 7.5% ahead of the market after falling nearly 17% on Monday. The video game retailer’s stock is still trading more than ten times higher than it was at the beginning of 2021.

– –

SL Green Realty

SLG -1.66%

is down 0.6% on Monday after a similar fall. The real estate investment trust fell out of the S&P 500.

– An all around pretty boring morning is summed up by

Tesla

TSLA 2.05%

Hardly moving: Elon “Technoking” Musk’s electric car company fell 0.2%. But there was trading activity for Mr. Musk elsewhere: bidding for a tweet that he sold as a digital good reached $ 1 million Tuesday on an online marketplace where people can pay to own tweets. The video in the tweet shows a gold trophy adorned with Shiba Inus, a nod to Dogecoin and techno music.

– Energy companies have problems:

ConocoPhillips,

Occidental Petroleum

OXY -4.34%

and

Exxon Mobil

XOM -2.55%

are all lower after falling Monday. ConocoPhillips is off, 1.1%, Occidental is 0.9% and Exxon is 0.8%.

Market fact

The Dow Jones Industrial Average reached its 14th place Close recording from 2021 on Monday, an increase of 0.5% to 32953.

Chart of the day

Home sales hit 2006 highs just before the bubble burst, however this time mortgages are stricter The down payments are higher and a tight supply supports the prices.

Have to read since you went to bed

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Tesla’s ‘Technoking’ musk joins a long line of odd job titles

– Caitlin Ostroff contributed to this article.

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