text: Futures are heading down ahead of a wave of economic data and the release of minutes from the Federal Reserve’s most recent meeting. Here’s what we see in Wednesday’s trade:
  The Gap stock fell 20% ahead of time. The clothing retailer said its brands were unable to meet strong demand from shoppers as continued fallout from Covid-19 outbreaks led to factory closures and clogged ports.
  Nordstrom fell 27% before the market. Retailer third-quarter earnings missed analysts’ forecasts. Jefferies reduced its rating and price target for the stock.
  Autodesk fell 14% before the market after the software maker narrowed its revenue and earnings expectations and lowered its billing outlook for the year.
  Dell added 2.3%. The technology company said it had its strongest third quarter to date with sales of $ 26.4 billion and net income of $ 3.9 billion.
  HP jumped 6.6 pct. The computer maker reported strong earnings and provided positive outlook, aided by office reopening and an expectation of healthy consumer demand through the Christmas shopping season despite a shortage of supplies.
  VMware fell 1.3 percent. The company reported increased sales in the third quarter, beating analysts’ estimates as companies continued to demand cloud software and services.
  Earnings must be paid from Deere before opening.
  Today’s chart
  Turkey’s economic crisis entered a tumultuous new phase, with its currency falling to a record low, and President Recep Tayyip Erdogan preparing to meet the leader of a regional rival in the pursuit of foreign investment.
  Write to James Willhite at james.willhite@wsj.com
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