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Marketwatch, trending futures!

Stocks are moving lower at midday after a mixed open!

U.S. stocks fell Tuesday as investors eyed protests in China and pondered what Federal Reserve Chairman Jerome Powell might say in an upcoming speech.

Tweet on trending market dow jones and nasdaq

FactSet chart on S&P500 & Dow Industrials

Coinbase Global: The crypto exchange’s shares added 1.6% off hours as cryptocurrency prices drifted higher. Bitcoin rose 1.7% on Tuesday from its 5 p.m. ET level on Monday to around $16,474.

Wynn Resorts: The casino operator added about 3.4% premarket. Reopening hopes earlier helped buoy stocks listed in Hong Kong and mainland China. The company’s Wynn Macau subsidiary is a major player in the Chinese gambling enclave of Macau.

Roku’s stock fell premarket

The share price fell 3.1% premarket.

The S&P 500 is down 0.3%.

The Dow Jones Industrial Average has shed 89 points, or 0.3%.

The Nasdaq Composite is down 0.5%.

The 10-year Treasury yield has risen to 3.727%.

 

Pinduoduo: The Chinese e-commerce company was on course for a second day of gains, after reporting strong results Monday. Its American depositary receipts added 5.2% premarket, while counterpart JD.com advanced roughly 7%. Other China tech stocks including NetEase and Baidu also rose.

Canadian Pacific Railway: Deutsche Bank lifted its price target for shares of the transport company, according to Benzinga. Shares of Canadian Pacific added 1.6% premarket.

Intuit, Workday, CrowdStrike, Hewlett Packard Enterprise and NetApp are among the companies reporting earnings Tuesday.

@thejournalbiz
Source:Factset/DowJones
Image:WallStreet