Lift, Las Vegas Sands, DraftKings: What to look for when the stock market opens today

Here’s what we’re looking at before Wednesday’s trading begins.

US stock futures faltered when investors sold government bonds and withdrew funds from technology stocks.

Futures linked to the S&P 500 fell 0.1% and Dow Jones Industrial Average futures added 0.1%. Contracts on the Nasdaq-100 index fell 0.4%.

What comes up

The result is due from

Okta

OCT -3.98%

after completion.

IHS Markits index for US services for February, which is due at 9:45, is expected to stay at 58.9, unchanged from a preliminary reading for the month. The Institute of Supply Administration’s services index for February is expected to remain at 58.7, unchanged from a month earlier.

Federal Reserves beige buck is out at 14.00

Market Movers to watch

Lift

LIFT -0.49%

shares jumped 3.9% before opening. The

Uber

UBER 0.46%

competitor reported an increase in prosecution figures for February. Uber’s shares also rose 2.4%.

—Shares off

Las Vegas Sands

I AM AGAINST 3.01%

climbed 1.6% before the market after the casino operator said it had agreed sell their properties in Las Vegas for $ 6.25 billion.

The Venetian Las Vegas, pictured on January 12, 2021, is among the properties that Las Vegas Sands has agreed to sell.


Photo:

Ethan Miller / Getty Images

DraftKings

DKNG -0.20%

shares popped up 6.1% before the market The online gaming company reached an agreement with

BOWL NETWORK

DISH 0.76%

to provide their sports book directly to the pay-TV provider’s customers. DISH shares also increased by 3.5%.

Ross Stores

RUST -2.43%

fell 3.1% before the market after the retailer reported lower sales and earnings during the fourth quarter and a decrease in comparable store sales.

Urban Outfitters

URBN -1.08%

shares fell 2.9% before the market. The company behind Urban Outfitters, Anthropologie and other clothing brands reported a profit margin for the past quarter, but reduced store traffic due to the coronavirus pandemic cut in its top results.

KemPharm

KMPH -3.78%

increased 83% before the market after the US Food and Drug Administration approved Azstarys, the pharmaceutical company’s once-daily product for the treatment of hyperactivity disorder, or ADHD, in patients aged six years and older.

-Shares

Wendy’s

WEN 0.09%

fell 3.9%. The Hamburg chain said US demand increased during its most recent quarter, and the company reported gains in the market until the end of February.

Box

BOX -1.21%

equities added 1.3% to the aftermarket after the cloud storage provider reported a reduced loss for the quarter and year ended in January, helped by the digital acceleration caused by the coronavirus pandemic.

Market facts

The trading volume on the Nasdaq Composite Index on Tuesday was the lowest of 2021 to date, when 4,915,363,778 changed hands. This is less than half of the number of shares traded on January 27, the highest volume day.

Today’s chart

Oil prices have recovered rapidly since the biggest crisis in the energy industry in decades. Here is why crude oil prices in the US have fallen back over $ 60 per barrel from a minimum of minus $ 37.63 per barrel in April last year.

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