PepsiCo, JPMorgan Chase, Goldman Sachs: What to Watch When the Stock Market Opens Today

Here’s what we’re watching ahead of the opening bell on Tuesday.

• U.S. stock futures slipped after inflation data came in above expectations.
• Futures tied to the S&P 500 fell 0.3% after the broad index climbed to its 39th record closing levels of the year. Dow Jones Industrial Average and Nasdaq-100 futures also weakened 0.3%. Read our full market wrap here.

What’s Coming Up

Market Moves to Watch

• Goldman Sachs

  
  GS 2.35%
  

  edged up 0.1% after reporting earnings per share that blew past estimates, although revenues and profit decreased from the previous quarter.

• JPMorgan Chase

  
  JPM 1.43%
  

  dropped 0.7% after its quarterly results showed that its profit more than doubled, but its revenue fell.

• Conagra Brands

  
  CAG -0.53%
  

  declined 3.7% after reporting a fall in sales and cutting its expectations for profit next year, saying that it expects increased inflation to hit its bottom line.

• PepsiCo

  
  PEP 0.02%
  

  shares added some fizz, rising 1.2% premarket after the food-and-beverage giant reported earnings and lifted its full-year guidance.

• Boeing

  
  BA -0.54%
  

  retreated 2%. The planemaker is facing production issues for the 787 Dreamliner, likely further delaying deliveries of the popular wide-body jets.

• Virgin Galactic

  
  SPCE -17.30%
  

  extended its fall back to earth, with its shares shedding nearly 2% in premarket trading after Monday’s 17% drop. The company said it would sell up to $500 million of stock in a new share sale, a day after founder Richard Branson returned safely from a landmark trip to the edge of space.

• Some U.S.-listed Chinese companies are recouping recent losses, with search engine

  Baidu

  
  BIDU -0.53%
  

  adding 1.5%, e-commerce company

  JD.com

  
  JD -0.53%
  

  rising 1.4% and video-sharing firm

  Bilibili

  
  BILI 0.22%
  

  up 2.8%. Beijing said last week that it is probing tech companies’ data practices, prompting a tumble. But some of those worries may have eased after China’s top market watchdog approved

  Tencent’s

  
  TCEHY -3.36%
  

  plan to privatize search-engine affiliate

  Sogou.

• Swedish telecom

  Ericsson

  ‘s U.S.-listed shares are up 2.2% ahead of the bell. Rating agency Moody’s issued a review of the company’s rating.

• Meme stock

  AMC Entertainment

  slid 3.9% premarket. It has lost nearly 25% of its value this month so far.

Market Facts

• The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all hit record closes on Monday—and in the S&P 500’s case, it was the 39th record close this year, beating the Dow’s 27 records and the Nasdaq’s 24. The broad index is ahead of the others in terms of gains this year too, with a nearly 17% rise.
• European stocks have also been on the rise, with both the Stoxx Europe 600 and Germany’s DAX index notching record highs on Monday.
• On this day in 1852, Wells, Fargo opened for business in San Francisco and Sacramento. It was founded by Henry Wells and William G. Fargo to convert gold dust into cash for miners, transport and safeguard letters, gold nuggets and other valuable byproducts of the California Gold Rush.

Chart of the Day

• Global coffee prices are climbing and threatening to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.

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