Stock futures are inching up after Tuesday’s rally on Wall Street amid optimism that Omicron won’t be the disaster some had feared. Here’s what we’re watching in Wednesday’s trading:

  • GameStop


    GME 6.40%

    is due to report earnings after the closing bell. The stock’s relative stability has been a surprising turn of events for GameStop, a company widely credited with sparking the meme-stock mania that has gripped markets this year.

  • Covid-19 vaccine makers were turning in a mixed performance ahead of the open.

    Novavax


    NVAX 28.89%

    shed 4.8% and

    Moderna


    MRNA 6.41%

    slipped 1.5%. But

    Pfizer’s


    PFE 0.47%

    shares reversed earlier losses to edge up 0.5%. Pfizer and BioNTech said that a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests but that the two-dose regimen was significantly less effective at blocking the virus.

  • Robinhood Markets


    HOOD 3.79%

    gained 3.1% premarket. After Tuesday’s close the trading-app provider filed to terminate its registration statement for the resale of stock from certain shareholders. The company noted this wouldn’t change the number of shares available for sale.

  • Travel stocks were on the rise. Cruise operator

    Carnival


    CCL -0.48%

    added 1.6%, hotel chain

    Marriott International


    MAR -0.11%

    gained 0.9% and United Airlines rose 1.4%.

  • Cybersecurity company

    SentinelOne


    S 13.40%

    dropped 9.9% premarket after it reported a loss for the recent quarter.

  • Luxury home builder

    Toll Brothers


    TOL 0.55%

    gained 1.9% premarket after it said fourth-quarter profit nearly doubled as sales rose, beating analyst expectations.

  • Stitch Fix


    SFIX 4.61%

    plunged 25%. The online apparel retailer swung to a quarterly loss because of an income tax benefit it booked in the year-earlier period.

The video screen of the Nasdaq exchange in New York on the day of the Stitch Fix IPO, Nov. 17, 2017.



Photo:

Richard B. Levine/Zuma Press

  • Dave & Buster’s Entertainment


    PLAY 1.35%

    gained 5.7%. The entertainment and dining venue operator’s board approved a $100 million share-buyback program.

  • Thor Industries


    THO -3.21%

    climbed 3.2%. The recreational vehicle maker’s profit rose in the recent quarter, lifted by higher sales as it continues to see strong demand.

  • Solo Brands


    DTC 6.74%

    rose 2.4% premarket after the Solo Stove parent reported quarterly revenue that beat forecasts and gave full-year guidance ahead of expectations.

  • AeroVironment


    AVAV -27.48%

    slipped 1.1%. The robotic systems company cut its fiscal 2022 guidance, citing various issues, including supply chain delays.

Chart of the Day
  • Bitcoin’s weekend selloff and subsequent rebound illustrate the crypto market’s volatility, but also its growing connection to traditional asset classes.

Write to James Willhite at james.willhite@wsj.com

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