Novavax, Tesla, Netflix, United: What to Watch When the Stock Market Opens Today

Updated Oct. 20, 2021 7:30 americium ET

Futures are flat arsenic investors await different large batch of net reports. Here’s what we’re watching up of Wednesday’s action:

• Novavax NVAX -3.43% shares plunged 26% premarket aft Politico reported that the pharmaceutical institution was moving into difficulties manufacturing a Covid-19 vaccine that met regulators’ prime standards. Fellow vaccine maker Moderna MRNA -0.37% added 0.9%.

• Netflix NFLX 0.16% slipped 2.3% up of the bell. The streaming giant added 4.4 cardinal memberships in the 3rd 4th amid accrued contention and the emblematic summertime slowdown.
• United Airlines, UAL -2.01% whose nett was boosted by national aid, said the dispersed of the highly transmissible strain of Covid-19 slowed flying during the 3rd quarter but hasn’t derailed its recovery. Its shares added 1.7% premarket.
• Verizon Communications, VZ 0.85% Abbott Laboratories ABT 2.16% and Canadian Pacific Railway CP 0.11% are owed to study earlier the opening bell.
• Baker Hughes BKR -0.33% shed 2.4% premarket aft it swung to nett successful the 3rd quarter, but fell shy of expert expectations, arsenic gross and orders roseate successful the period.
• Omnicom Group OMC 0.08% slipped 1.4% premarket. The advertizing institution said its concern continued to amended from the harm caused by the pandemic, with third-quarter integrated gross gains successful each of its large disciplines.
• Canadian National Railway CNI 0.62% gained 1%. The obstruction operator’s profit accrued successful the 3rd quarter, helped by higher freight rates and a emergence successful immoderate substance surcharges.
• Interactive Brokers Group IBKR 2.95% slipped 1.4% premarket. The physics broker reported a diminution successful net per stock for the caller 4th compared with a twelvemonth ago.
• Tesla, TSLA -0.67% Las Vegas Sands, LVS 0.65% CSX, CSX -0.35% Discover Financial Services DFS 0.86% and IBM IBM -0.24% are among the companies reporting net aft the close.

Chart of the Day

• The motorboat of ProShares Bitcoin Strategy ETF is being intimately watched connected Wall Street, wherever uncovering a mode to merchantability securities linked to bitcoin has been a precedence for galore firms.

Write to James Willhite astatine james.willhite@wsj.com

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