What to watch today: Dow set to drop after Tuesday's sharp rebound

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What to watch today: Dow set to drop after Tuesday's sharp rebound
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Dow futures point to a sharp decline at Wednesday's open, one day after a strong advance.

STOCKS TO WATCH

Procter & Gamble raised its quarterly dividend by 6% and moved up its quarterly earnings reporting date to this coming Friday. The consumer products giant has seen a surge in demand for household staples amid the coronavirus outbreak. Teladoc Health expects to see first quarter revenue above prior forecasts, as the virus outbreak creates unprecedented demand for its services.

Target – Target was upgraded to outperform from perform at BMO Capital, which feels the retailer will emerge from the pandemic in an even stronger position relative to its peers.

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