5 things to know before the stock market opens Wednesday, July 21

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Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street tries to keep its rebound rally going

People walk along Wall Street in the rain on July 08, 2021 in New York City.

Spencer Platt | Getty Images

2. J&J, Coca-Cola, Verizon beat on earnings, revenue

A healthcare clinician prepares a dose of the Johnson & Johnson vaccine for the coronavirus disease (COVID-19) for a commuter during the opening of MTA’s public vaccination program at the 179th Street subway station in the Queens borough of New York City, New York, U.S., May 12, 2021.

Shannon Stapleton | Reuters

A worker restocks a display of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.

George Frey | Bloomberg | Getty Images

Shares of Dow component Coca-Cola jumped about 2% in the premarket after the beverage giant reported better-than-expected earnings of 68 cents per share. Revenue of $10.13 billion also exceeded forecasts. Sales surpassed 2019 pre-Covid levels, prompting the company to raise its full-year outlook.

Verizon, also a Dow stock, rose about 1.5% in premarket trading, after the company beat estimates by 7 cents with adjusted quarterly profit of $1.37 per share. Verizon also reported better-than-expected revenue and subscriber growth, and raised its full-year outlook.

3. Netflix beats on paid subscriber growth but misses on earnings

In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen.

Rafael Henrique | SOPA Images | LightRocket | Getty Images

4. United plans to ramp up flights to meet strong demand

A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019.

Chris Helgren | Reuters

5. WHO chief warns about ‘early stages of another wave’

The logo of Tokyo 2020 is displayed near Odaiba Seaside Park in Tokyo on July 7, 2021, as reports said the Japanese government plans to impose a virus state of emergency in Tokyo during the Olympics.

Kazuhiro Nogi | AFP | Getty Images

The world is in the “early stages of another wave” of Covid infections and death, World Health Organization Director General Tedros Adhanom Ghebreyesus said Wednesday. Speaking to International Olympic Committee members in Tokyo, Tedros also called on the world’s leading economies to share vaccines. With the Games set to open Friday, after being delayed a year, Tokyo’s new infections surged to a six-month high Wednesday. Olympics organizing chief Toshiro Muto on Tuesday refused to rule out canceling the Games if coronavirus cases spiked. A spokesperson later said organizers were “concentrating 100% on delivering successful Games.”

— Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

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