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 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 and Moderna slipped, but Pfizer ’s 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 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 reported a loss for the recent quarter.
• Luxury home builder Toll Brothers said fourth-quarter profit nearly doubled as sales rose, beating analyst expectations.
• Stitch Fix 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 board of Dave & Buster’s Entertainment approved a $100 million share-buyback program.
• Recreational vehicle maker Thor Industries ‘ profit rose in the recent quarter, lifted by higher sales as it continues to see strong demand.
• Solo Brands reported quarterly revenue that beat forecasts and gave full-year guidance ahead of expectations.
• Robotic systems company  AeroVironment 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 [email protected]

Source: https://www.wsj.com/articles/gamestop-stitch-fix-sentinelone-novavax-what-to-watch-when-the-stock-market-opens-today-11638965014