GameStop, Pfizer, Stitch Fix, SentinelOne: What to Watch in the Stock Market Today

Wall Street indexes were mixed in early trading, while investors remained focused on the Omicron variant and its potential impact on the economy. Here’s what we’re watching in Wednesday’s trading:

  • GameStop GME -2.34% 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 as Novavax NVAX -0.60% and Moderna MRNA 0.37% slipped, but Pfizer’s PFE -0.62% shares reversed premarket losses. 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 4.36% 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.
  • Cybersecurity company SentinelOne S -4.78% reported a loss for the recent quarter.
  • Luxury home builder Toll Brothers TOL 1.70% said fourth-quarter profit nearly doubled as sales rose, beating analyst expectations.
  • Stitch Fix SFIX -23.91% shares plunged after 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

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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