Apple, Nvidia, Micron, Cintas: What to Watch When the Stock Market Opens Today

Futures are pointing to a partial relief rally after Tuesday’s rout on Wall Street. Here’s what we’re watching before Wednesday’s trading heats up.

• Major technology shares that closed with losses on Tuesday were inching higher premarket.

  Microsoft

  MSFT -3.62%

  0.8% added, Google parent

  Alphabet

  GOOG -3.76%

  edged up 0.6%,

  Apple

  AAPL -2.38%

  gained 0.8% and chip maker

  Nvidia

  NVDA -4.44%

  climbed 1.1%.

• Micron Technology

  MU -2.77%

  slipped 3.4% premarket. The memory chip maker beat expectations in its recent quarterly earnings but failed to impress Wall Street with its outlook.

• Shares of discount retailer

  Dollar Tree

  DLTR -0.68%

  jumped 4.2% premarket after the company said early Wednesday that it had added about $1 billion to its share repurchase plan.

• Computer hardware maker

  HP

  HPQ -0.45%

  slid 0.8% premarket. JPMorgan cut both its rating and the price target for the stock.

• Earnings are due from

  Cintas,

  CTAS -2.36%

  Herman Miller

  MLHR -2.64%

  and

  Jabil

  JBL -2.28%

  before the opening bell.

• Bitcoin was up 1.2% on Wednesday from its 5 p.m. ET price on Tuesday, and popular crypto wallet provider

  Coinbase

  COIN -1.03%

  was also up 1.2% premarket.

• Major U.S. airlines were inching higher ahead of the bell, with

  American Airlines

  AAL -0.19%

  up 0.7%,

  Delta Air Lines

  DAL -0.78%

  up 0.6%,

  United Airlines

  UAL -0.81%

  up 0.4% and

  Southwest Airlines

  LUV 0.17%

  up 0.6%.

• Vaccine makers that were hit in Tuesday’s market decline were staging a rebound.

  Moderna

  MRNA -6.02%

  gained 2.2% premarket and

  Novavax

  NVAX -11.34%

  climbed 2.5%.

• Cal-Maine Foods

  CALM -1.21%

  climbed 1.9% premarket. The egg producer’s losses narrowed in the fiscal first quarter as sales rose 13% due to higher selling prices.

• Landec

  LNDC -1.35%

  will report results after Wednesday’s close.

Chart of the Day

• A swift rise in government-bond yields is hitting shares of technology stalwarts that have powered major indexes higher for years, testing investors’ faith in some of the stock market’s most popular trades.

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

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