DWAC, Snap, Intel, Mattel: What to Watch When the Stock Market Opens Today

Stock futures are wavering after the S&P 500 reached its 55th record close of the year. Here’s what we’re watching ahead of Friday’s action.

• Snap

  SNAP -0.71%

  shares plummeted 21% premarket. The social-media company said it expects growth to slow in the current quarter because of recent changes to

  Apple

  AAPL 0.15%

  ‘s App Store privacy rules.

• Other big names in social media were dragged down as well.

  Facebook

  FB 0.32%

  fell 4.1% premarket, and

  Twitter

  TWTR -0.61%

  shed 4.5%.

• The SPAC that agreed to merge with Donald Trump’s social-media company,

  Digital World Acquisition,

  was extending its surge premarket. The stock added 65% ahead of Friday’s opening bell, after having more than quadrupled in value during Thursday’s session.

• Intel

  INTC 1.14%

  shares dropped 9.9% premarket. The semiconductor company disappointed investors even as it posted stronger third-quarter earnings, as component shortages weighed on computer shipments and China’s crackdown on gaming hurt server-chip sales.

• American Express,

  AXP -1.19%

  Honeywell

  HON 0.39%

  and

  HCA Healthcare

  HCA 3.64%

  are due to report earnings before the opening bell.

• Zoom Video Communications

  ZM -0.34%

  gained 2.4%. The stock got a ratings upgrade from JPMorgan.

• Chipotle Mexican Grill

  CMG 1.14%

  edged down 0.4% after the burrito chain said higher menu prices helped boost its profit as it deals with increased labor and commodity costs.

• Mattel

  MAT 2.26%

  shot 6.3% higher. The toy maker raised its full-year sales outlook after posting better than expected third-quarter results, with strong sales continuing for key brands like Barbie and Hot Wheels.

• Whirlpool

  WHR -0.64%

  slid 3.3% after the appliance maker’s chief executive said shortages of dishwashers and refrigerators are likely to stretch well into next year, as supply-chain problems constrain production and consumer demand remains strong.

Chart of the Day

• A key measure of investors’ inflation expectations has climbed in recent weeks, adding fuel to concerns about lasting pressures on consumer prices.

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

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