5 stocks to watch on Tuesday: Amazon, Dominion Energy and more
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U.S. stock index futures on Tuesday pointed to a higher open, on a day when trading volumes could be light amid muted newsflow. There is little on the economic calendar as well, with market participants largely gearing up for the all-important consumer price index report due on Wednesday. Wall Street's major averages had snapped three-day losing streaks each on Monday. Here are some stocks to watch on Tuesday: 

Shares of Amazon (NASDAQ:AMZN) were among the most active in pre-market trading, as the retail and technology giant's popular Prime Day kicks off. The shopping event is being seen as analysts as a significant test of consumer discretionary spending ahead of the back-to-school period and the holiday season.
Dominion Energy (D) stock was slightly higher ahead of the opening bell. The company on Monday said it would sell its 50% stake in the Cove Point LNG plant in Maryland to Berkshire Hathaway Energy (BRK.A) (BRK.B) in a deal valued at $3.3B. Dominion (D) said its stake in the plant was a non-core holding, and that it would use the proceeds from the deal to repay debt.
Shares of Microsoft (MSFT) garnered some spotlight. According to multiple media sources, the technology behemoth has announced fresh layoffs as it begins its new fiscal year. The total number of employees impacted was not disclosed, though Washington state's Employment Security Department showed that 276 workers at MSFT offices in Redmond and Bellevue were let go.
Senator Elizabeth Warren and three other lawmakers have reportedly written to the Department of Defense urging them to review L3Harris' planned $4.7B takeover of Aerojet Rocketdyne (AJRD). According to the lawmakers, Lockheed Martin (LMT), Raytheon (RTX) and Boeing (BA) are all reliant on products that only AJRD is able to make, and their operations could be hamstrung by the proposed acquisition. LHX and AJRD stocks were unchanged in pre-market trading.

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