GameStop, Clover Health, FuelCell Energy: 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 down less than 0.1% and Dow Jones Industrial Average futures added 0.1%. Contracts for the technology-focused Nasdaq-100 slipped 0.3%. Read our full markets wrap here.
  • Bitcoin is trading around $37,200, a 4.1% 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
  • 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.
  • Earnings are due after the close from


    CHWY -2.14%


    Beyond Air.

    XAIR 1.34%

Market Movers to Watch
  • GameStop

    GME 0.85%

    is down 6% in premarket trading. The videogame retailer said it is considering a new equity offering, and disclosed that the SEC has requested documents and information for its investigation into the recent trading frenzy. It also reported stronger-than-expected sales in the most recent quarter.

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


Bing Guan/Bloomberg News

  • FuelCell Energy

    FCEL -7.17%

    shares dropped 8.7% after it delivered its latest quarterly earnings report premarket.

  • Clover Health

    CLOV -23.61%

    rose over 7% earlier in the morning, before retreating to a 1.8% rise. The stock was up 88% for the week at yesterday’s close.

  • AMC Entertainment

    AMC -10.37%

    slid 1.3%. The cinema chain fell over 10% on Wednesday.


    BB -4.05%

    another stock frequently discussed on Reddit forums, was down 1.4%.

  • ContextLogic

    WISH -8.86%

    shares continued their wild ride, jumping 7.5% 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

    BIIB 2.93%

    slipped 1.4% 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

    CME -0.57%

    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.
Chart of the Day
  • Bankers estimate that initial public offerings could raise some $40 billion in the coming months, the most ever during a summer stretch. 
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