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GameStop, Twilio, Walmart: What to Watch When the Stock Market Opens Today

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GameStop, Twilio, Walmart: What to Watch When the Stock Market Opens Today

There’s rather a lot occurring in markets on this busy Thursday. Right here’s what it’s good to know.

Inventory futures slipped after knowledge confirmed the variety of People making use of for jobless advantages final week unexpectedly elevated from the week earlier than, bucking economists’ expectations.

Futures on the S&P 500 fell 0.7%. Contracts for the technology-heavy Nasdaq-100 dropped 1%, after a unstable day for tech shares on Wednesday. Learn our full markets wrap right here.

What’s Coming Up

—The Home Monetary Providers Committee will maintain a listening to Thursday to look at what occurred with GameStop ’s shares throughout a buying and selling frenzy final month. It can embody testimony from Keith Gill, who closely promoted GameStop on Reddit’s WallStreetBets discussion board, and Robinhood Markets CEO Vladimir Tenev, amongst others. The listening to is ready to begin at midday. We’ve received a stay weblog to trace statements, testimony and market strikes from that. Observe alongside right here.

Market Movers to Watch

— Walmart shares fell 5.3% in Thursday premarket buying and selling after the retail big mentioned it expects gross sales and earnings will fall through the present fiscal yr, due primarily to the sale of a few of its worldwide operations.

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