Nasdaq futures are rebounding after entering correction territory yesterday
Stock futures are attempting a rebound on Wednesday, as investors look to get in on technology stocks that nosedived after an extended selloff. Dow Jones Industrial Average (DJI) futures are set to open 200 points higher, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are looking to open with substantial gains as well, with the latter getting a boost from a rebounding Tesla (TSLA). Apple (AAPL) is also managing a bounceback, adding to these gains. New jobs data from the Labor Department will come out later this morning, with analysts expecting to see a hiring jump to 6 million, up from 5.9 million in June.
Continue reading for more on today's market, including:
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- Plus, AstraZeneca's coronavirus vaccine gets paused; Apple announces digital event; and Tiffany's misses out on billion-dollar deal.

5 Things You Need to Know Today
- The Cboe Options Exchange
(CBOE) saw over 1.4 million call contracts traded on Tuesday, and 819,453 put
contracts. The single-session equity put/call ratio fell to 0.57 and the
21-day moving average rose to 0.47.
- AstraZeneca plc (NYSE: AZN) is down 2.6% in pre-market trading, after the company announced its candidate for a potential coronavirus vaccine was on a "routine" pause due to safety concerns. AstraZeneca is one of three companies currently in late-stage testing for a COVID-19 vaccine. The stock is up 25% year-over-year.
- Apple Inc. (NASDAQ: AAPL) is up 3% before the bell, after the tech giant said it will host a digital-only event on Sept. 15. The company is expected to reveal new products, including the latest Apple Watch and iPad models. Year-over-year, the equity is up 110.7%.
- The shares of Tiffany & Co. (NYSE: TIF) are down 9.7% in electronic trading, after French luxury giant LVMH backed out of a $16 billion deal to acquire the jeweler. The company noted the threat of U.S. tariffs on French goods, as well as Tiffany's request to delay the acquisition until the end of the year as reasons to scrap the deal. Year-over-year, the security is up 33.4%.
- Today, investors' attention will drift to a U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) survey. Corporate reports from American Eagle (AEO), GME and Navistar (NAV) are also set to roll in.

Asian Markets Drop After Dismal Chinese Inflation Data
Stocks in Asia were lower on Wednesday, after Chinese inflation data showed the August producer price index declined 2% year-over-year, in line with expectations. As a result, China’s Shanghai composite fell 1.9%, followed by South Korea’s Kospi which lost 1.1%. Meanwhile, Japan’s Nikkei finished down 1%, with Softbank Group taking on an over 3% loss. Hong Kong’s Hang Seng rounded out the region with a 0.6% drop.
European markets, on the other hand, are higher this morning, shrugging off the correction seen from the U.S. tech sector. At last check, German DAX is up 1.1%, while London’s FTSE 100 is close behind, last seen up 1%. Rounding out the region, France’s CAC 40 is up 0.6%.