Clover Health, Stitch Fix, Coupa Software: What to Watch When the Stock Market Opens Today

US stock futures trended higher, suggesting that major indices would show mixed performance after the opening bell, an extension of recent choppy but range-bound trading.

  • S&P 500 futures rose 0.2%. Futures on the Dow Jones Industrial Average were flat. Contracts for the tech-heavy Nasdaq-100 were up 0.6%.
  • The U.S. trade deficit narrowed to $ 68.9 billion in April from $ 75 billion in March, the Commerce Department said.
  • 10-year government bond yields fell from 1.570% to 1.529%. The dollar has risen and oil prices have fallen slightly. Read our full market serving here.
What’s up
Market movers in view
  • Shares in

    Investing in the health of clover

    rose to be the newest after surfacing Aim for retailers on Reddit Forums. The healthcare company’s share price rose over 32% on Monday and rose another 37% in pre-trading on Tuesday.

  • Stitch fix

    SFIX 4.36%

    : The online apparel company’s losses decreased in the third fiscal quarter as sales increased 44%, boosted by an increase in customers shopping online. Before the IPO, the shares rose by 11%.

The Nasdaq stock exchange in New York is showing advertisements for Stitch Fix’s IPO in 2017.


Richard B. Levine / Levine Roberts / Newscom / Zuma Press

  • Shares in

    Coupa software

    COUP 2.82%

    fell 8.9% before the bell. The company forecast a loss in fiscal 2022 and named Tony Tiscornia as its new chief financial officer.

  • Fast

    FSLY 7.17%

    ‘s share lost 1.7% before the bell. The operator of a content delivery network service used by many websites has reported problems with their services. It was unclear whether the wider one Website outages were reported in the US and Europe early Tuesday were related.

  • Tesla

    TSLA 1.01%

    Stocks rose 3.1%. The China Passenger Car Association said the electric vehicle maker sold 21,936 Shanghai-made vehicles in China and exported 11,527 cars overseas as of May.

  • Marvell technology

    MRVL -0.88%

    gained 5.6% after the chipmaker’s record quarterly sales.

  • WP Carey

    WPC -0.40%

    3.2% slipped. The real estate investment trust said it plans to raise approximately $ 395 million in a stock offering to fund potential investors and repay debt.

  • Etsy

    ETSY 2.52%

    lost 1.2% after the online craft market proposed a private offer of $ 1 billion in convertible bonds late Monday.

Market facts
  • Traders last week spent $ 11.6 billion on options contracts tied to AMC Entertainment Holdings. more than the SPDR S&P 500 ETF Trust, Invesco QQQ Trust and Tesla Inc. have joined forces, according to data from Cboe Global Markets. Options on these stocks are typically among the most popular on the market.
  • Biogen stocks 38% increased the first such approval of a drug on Monday after US regulators gave the go-ahead for the drug known as aducanumab Treat Alzheimer’s in almost two decades.
  • According to the International Energy Agency, the demand for lithium for batteries is expected to increase by a factor of 30 by 2030. Cobalt and nickel are also needed for batteries while Copper is used by transmission lines, electric vehicles, and wind turbines.
Chart of the day
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