Dogecoin, Citigroup, Novavax, Las Vegas Sands: What to Watch When the Stock Market Opens Today

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Stock futures are wobbling ahead of the first wave of major bank earnings of the season. Here’s what we’re watching in Friday’s trading:

  • BlackRock shared nudged down 0.2% in the moments after its quarterly earnings release.
  • JPMorgan Chase  and  Wells Fargo  are among the companies reporting earnings Friday morning.
  • Citigroup added 1% premarket. The bank exited more Asian consumer-banking operations, as Singapore’s UOB will pay a $690 million premium for the regional businesses. Citigroup is also due to report earnings.
  • Dogecoin jumped more than 10% after Elon Musk tweeted that some Tesla merchandise was available for purchase with the cryptocurrency. Items priced in dogecoin on the site included a belt buckle, a whistle and a child-sized ATV.
  • Shares of Las Vegas Sands jumped 8.9% ahead of the bell, with little news to go on. The stock has had a pair of conflicting ratings changes this week, one positive and one negative.
  • TPG gained 0.4% premarket. The private-equity firm’s shares rose in their stock-market debut Thursday, giving it a valuation of roughly $10.4 billion and marking a positive sign for the IPO market.
  • Shares of Covid-19 vaccine makers Novavax and  Moderna were down premarket, by 8% and 3.3% respectively. The Supreme Court on Thursday blocked the Biden administration’s Covid-19 vaccine-or-testing rules for large private employers.
Chart of the Day
  • The flagship fund of Andreas Halvorsen’s Viking Global Investors was among those suffering a reversal last year as stocks of technology and other fast-growing companies sold off.

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