Inventory futures edged decrease forward of the Fed’s two-day coverage assembly, which is predicted to finish with the central financial institution signaling a faster street to tighter coverage. Right here’s what we’re watching in Tuesday’s buying and selling:

• Cryptocurrency dogecoin jumped 34% from its degree on Monday at 5 p.m. ET after Tesla chief Elon Musk tweeted “Tesla will make some merch buyable with Doge & see the way it goes.”

  Tesla

  TSLA -4.98%

  shares have been down 1.3% premarket.

• Flagship names of the meme inventory craze have been extending losses premarket after closing down sharply on Monday.

  GameStop

  GME -13.92%

  shed 3% premarket after closing down 14%.

  AMC Leisure

  AMC -15.31%

  fell 6.1% forward of the bell, constructing on Monday’s 15% drop.

• Past Meat

  BYND -1.69%

  added 4.6% premarket. Piper Sandler lifted its score and worth goal for the plant-based meat firm’s inventory.

• MGM Resorts Worldwide

  MGM -2.58%

  edged down 0.8% premarket. The on line casino operator is promoting the operations of the Mirage on line casino on the Las Vegas Strip to deal with development areas.

• Claros Mortgage Belief

  CMTG -4.42%

  added 4.6% off hours. The business actual property finance firm mentioned it skilled a leap in origination exercise through the third quarter.

• Skillsoft

  SKIL -4.11%

  and

  Hexo 

  HEXO 1.56%

  are among the many corporations reporting earnings Tuesday.

Chart of the Day

• Losses for GameStop and AMC Leisure on Monday dealt a blow to the legions of particular person traders who’ve banded across the two shares and regularly tout them on social media.

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

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