Here’s what we’re watching ahead of Tuesday’s opening bell.
—U.S. stock futures wobbled ahead of a flurry of economic data.
Futures tied to the S&P 500 and the Dow Jones Industrial Average were relatively flat after both major indexes closed at record highs on Monday. Contracts for the technology-focused Nasdaq-100 gained 0.3%, suggesting the tech sector could extend its rebound when the stock market opens. Read our full market wrap.
What’s Coming Up
—Earnings are due from cybersecurity firm CrowdStrike CRWD 0.78% and business applications company Coupa Software COUP 1.53% after the close.
—Monthly retail sales for February, due at 8:30 a.m. ET, are expected to show a small decline after 5.3% growth in January, the largest gain in seven months. U.S. business inventories for January, due at 10 a.m., are expected to rise 0.3% from a month earlier.
Market Movers to Watch
—The lights go down, the curtains go back and AMC Entertainment AMC 25.81% stock rallies another 1% premarket after a 26% jump Monday. Movie theatres in the big market of Los Angeles were finally allowed to reopen Monday following New York, the other critical market, which came back 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 risers ahead of the open, trading about 4.2% higher. The stock price of Rupert Murdoch’s TV group is up more than one-third over the past month.
—Reddit favorite GameStop GME -16.77% is tumbling again premarket, down 7.5% after a near 17% drop on Monday. The videogame retailer’s stock is still trading more than 10-times higher than where it started 2021.
— SL Green Realty SLG -1.66% is down 0.6% following a similar fall Monday. The real-estate investment trust has fallen out of the S&P 500.
—A pretty dull morning all round is summed by Tesla TSLA 2.05% barely moving: Elon “Technoking” Musk’s electric car company edged down 0.2%. But there was trading activity around Mr. Musk elsewhere: Bidding for a tweet he was selling as a digital asset reached $1 million Tuesday on an online marketplace that lets people pay for the ownership of tweets. The video in the tweet features a golden trophy decorated with Shiba Inus, a nod to dogecoin, and techno music.
—Energy companies are struggling: ConocoPhillips, Occidental Petroleum OXY -4.34% and Exxon Mobil XOM -2.55% are all lower after falling Monday. ConocoPhillips is off, 1.1%, Occidental off 0.9% and Exxon 0.8%.
Market Fact
The Dow Jones Industrial Average hit its 14th record close of 2021 on Monday, climbing 0.5% to 32953.
Chart of the Day
Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices.
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—Caitlin Ostroff contributed to this article.
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