5 things to know before the stock market opens Wednesday

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1. Nasdaq to continue to dig out of last week’s hole

People wear protective face masks outside Nasdaq in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 16, 2020 in New York City.

Noam Galai | Getty Images Entertainment | Getty Images

U.S. stock futures rose Wednesday, with the Nasdaq tracking for a third session of gains as tech stocks continued to dig out of last week’s hole. However, the Nasdaq, as of Tuesday’s close, remained more than 7% below its Sept. 2 record high. The Dow Jones Industrial Average and S&P 500, which on Tuesday each locked in three-session winning streaks, were still 5% off their record highs on Feb. 12 and Sept. 2, respectively.

The government releases August retail sales at 8:30 a.m. ET. Economists expect an increase

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