GameStop, Clover Health, AMC, Chewy: What to Watch When the Stock Market Opens Today

Here’s what we’re watching as Thursday’s trading gets underway.

  • U.S. stock futures wobbled ahead of data on consumer prices that will offer fresh insights about the pace of inflation as the economy emerges from the pandemic.
  • Futures for the S&P 500 were up less than 0.1% and Dow Jones Industrial Average futures added 0.2%. Contracts for the technology-focused Nasdaq-100 slipped 0.3%. Read our full markets wrap here.
  • Bitcoin is trading around $37,200, a 2.2% rise from Wednesday’s level at 5 p.m. ET. The cryptocurrency is still down over 40% from its mid-April high.
What’s Coming Up
  • Earnings are due before the open from

    FuelCell Energy.



    Beyond Air

    will report after the close.

  • The U.S. consumer price index for May, a highly-anticipated data release on inflation, will go out at 8:30 a.m.
  • Weekly jobless claims, a proxy for layoffs, are also going out at 8:30. They have been on a downward trajectory over the past five weeks and economists are projecting a new pandemic low as the economy continues to recover.
Market Movers to Watch

GameStop Corp. reset its leadership team as the videogame retailer looks to leverage its recent popularity with investors.


Bing Guan/Bloomberg News

  • Clover Health

    rose over 7%, looking set to partially reverse some of Wednesday’s losses. The stock was up 88% for the week at yesterday’s close.

  • AMC Entertainment

    took another leg down, declining 5.2%. The cinema chain fell over 10% on Wednesday.


    another stock frequently discussed on Reddit forums, was down 2.4%.

  • ContextLogic

    shares continued their wild ride, jumping 7.2% ahead of the bell. On Wednesday they closed down 8.9% in heavy-volume trading, after having been up more than 25% early in the session.

  • Biogen

    slipped 1.8% premarket, pulling back after rallying more than 40% this week after the FDA approved its Alzheimer’s drug, a long-awaited breakthrough.

  • Derivatives exchange

    CME Group

    retreated 2.6% in trading ahead of the opening bell, extending a three-day slide.

Market Facts
  • Issuance of green bonds hit a record $270 billion last year and is on pace to exceed that amount in 2021, according to data from the Climate Bonds Initiative.
  • The yield on the benchmark 10-year Treasury note closed below 1.5%, its lowest level in more than three months, dragged down by tepid economic data and high demand from investors both in the U.S. and elsewhere.
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