What to watch today: Dow set to advance after Tuesday's over 900-point surge fizzled

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What to watch today: Dow set to advance after Tuesday's over 900-point surge fizzled
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U.S. stock futures point to a gain for the Dow at Wednesday's open after blue chips gave up an over 900-point surge in the prior session.

in his Square equity to support relief efforts for COVID-19, and other causes, once the pandemic is over. Dorsey said he's pulling the shares from his stake in mobile payments company Square instead of Twitter because he owns more stock in the Square. all non-essential workers and cut salaries as the virus outbreak shuts down the automaker's production. Tesla currently plans to resume production on May 4.

Dick's Sporting Goods will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City , which is furloughing 90% of its store employees and 70% OFf those who work in other functions.

Levi Strauss reported adjusted quarterly profit of 40 cents per share, 5 cents above estimates, with the apparel maker's revenue also beating forecasts. It did say the economic impact of the coronavirus outbreak would be material, and that it is withdrawing its 2020 guidance. Pinterest – Pinterest withdrew its 2020 guidance in the wake of the coronavirus outbreak, but provided preliminary numbers for its March quarter that met or exceeded Wall Street expectations.

Perrigo adopted a so-called poison pill that will kick in if anyone accumulates a stake of 5% or more in the pipeline operator. It's the latest company to take such an action in the wake of plunging share prices.

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