Roblox, GameStop, GE, H&R Block: What to Watch When the Stock Market Opens Today

Here’s what we’re watching ahead of Wednesday’s opening bell.

—U.S. stock futures were jittery following a surge in technology shares that gave the Nasdaq its best day in months.

Futures tied the S&P 500 were flat, Dow Jones Industrial Average futures rose 0.3% and Nasdaq-100 futures slipped 0.2%. Yields on 10-year Treasurys inched up to 1.564%, from 1.545% on Tuesday. Read our full market wrap.

What’s Coming Up

—Videogame provider Roblox’s stock will begin trading Wednesday under the symbol RBLX.

—Earnings are due after the close from

Oracle,

Bumble

and

Cloudera

will report after the close.

—U.S. consumer prices for February, due at 8:30 a.m. ET, are expected to rise 0.4% from a month earlier and 1.7% from a year earlier. Excluding food and energy, prices are expected to rise 0.1% and 1.3%.

Market Movers to Watch

—

GameStop

hasn’t stopped. Its stock is up 14% ahead of the bell after Tuesday’s 27% advance. Fellow Reddit-user favorites

BlackBerry

and

AMC

also gained, by 4.8% and 9.4% respectively.

—

DraftKings

shares added 3.8%. The online sports-betting company held a virtual investor day presentation on Tuesday and raised its long-term financial targets.

—

General Electric

shares ticked up 0.7% premarket. The company agreed to merge its jet-leasing business with

AerCap

in a $30 billion deal.

—

H&R Block

shares rose 1.3% premarket. The tax-preparation company said losses widened in the fiscal third quarter due to a decrease in revenue driven by delays at the start of the tax season.

An H&R Block office in Madison Heights, Mich., Jan. 15., 2021

Photo:

Susan Tompor, Detroit Free Press/Zuma Press

—

Campbell Soup

fell 1.6% ahead of the bell. It reported a drop in profit during the recent quarter due to results a year ago including a large boost from earnings from discontinued operations.

—

Avid Technology

slipped 2.1% premarket. The technology-services provider to the media and entertainment industries reported lower fourth-quarter results amid project delays and cancellations due to the pandemic.

Market Fact

Hedge funds and other institutional investors are paying an annual rate of as much as 4% to borrow the most recent issue of the 10-year U.S. Treasury note in the market for repurchase agreements, or repos.