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Koss, JPMorgan, Plug Power, Delta: What to Watch When the Stock Market Opens Today

Stock futures are edging up ahead of closely watched inflation figures and the first major reports of the earnings season. Here’s what we’re watching before Wednesday’s open.

  • JPMorgan Chase  and BlackRock kicked off third-quarter earnings, and shares of both were inching higher premarket, by 0.7% and 1.5% respectively. BlackRock delivered a profit beat for the third quarter as its assets under management climbed more than 20%. JPMorgan’s earnings for the period rose 24%.
  • Meme stock Koss was bouncing back to life premarket with a 13% jump. Trading in the headphone maker’s stock had been briefly halted just before Tuesday’s closing bell amid surging volatility.
  • Plug Power shares jumped 7.9% ahead of the bell. The fuel-cell power systems company’s stock got a ratings upgrade from Morgan Stanley and a price target of $40 a share. It closed on Tuesday at $29.78.
  • Delta Air Lines  shares slipped 1.3% premarket. the carrier posted a quarterly profit as travel demand began to recover in recent weeks, though the company said it faces pressure from rising fuel prices.
  • Smart Global Holdings shares jumped 12% premarket after it reported record quarterly and annual revenue.
  • Pinnacle Financial Partners reported an increase in earnings per share during the recent quarter from a year ago. Its stock added 2% off hours.
  • Southwest Airlines  pilots said the airline’s weekend meltdown that led to the cancellation of more than 2,000 flights reflected longer-running fatigue and frustration among its crew, leaving it vulnerable to further outages.
  • Hasbro  Chief Executive Brian Goldner died Tuesday, just days after he took a leave of absence for medical care.
  • Supply-chain management software company E2open Parent Holdings is due to report earnings after the close.
Chart of the Day

Write to James Willhite at

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