Here are the key news, trends and analyzes that investors need to start their trading day:
1. Stocks will rise over tame inflation data after Tuesday’s boom
The New York Stock Exchange (NYSE) is listed on March 9, 2021 in New York City in lower Manhattan.
Spencer Platt | Getty Images
The tame inflation data put pressure on the 10-year Treasury yields Wednesday, and U.S. stock futures rose higher. On Tuesday, beating tech stocks bounced back, raising the Nasdaq by nearly 3.7% on its best day since November. Falling bond yields supported Tuesday’s rise, which extended to the Dow Jones industrial average and S&P 500. The government said on Wednesday morning that US consumer prices rose 0.4% in February, in line with expectations.
2. In the technological rally, Tesla rose almost 20% higher; Apple, Facebook has risen
In this photo illustration, a Tesla logo is seen on a smartphone, with the stock market graph in the background.
Omar Marques | LightRocket | Getty Images
Technical stocks were stable on the futures market, such as: Apple and Facebook jumped more than 4% each on Tuesday. Tesla on Wednesday added to its increase of more than 19.6% in the previous session, which broke a five-day losing streak and wiped out almost all the losses in that period. Elon Musk’s electric car maker, which has risen more than 450% over the past twelve months, was still 25% lower than its daily high of $ 900 per share at the end of January.
3. GE sells its aircraft leasing unit to rival AerCap in a $ 30 billion deal
On March 29, 2017, technicians build LEAP aircraft engines at a General Electric (GE) plant in Lafayette, Indiana.
Alwyn Scott | Reuters
General Electric said on Wednesday that it would sell its jet leasing business to AerCap in a $ 30 billion deal, a move that would create a major landlord as the aviation industry struggles through the Covid-19 pandemic and GE moves to reduce its debt burden. . GE shares fell 2% following the announcement of the deal in trading on the market, while AerCap’s share rose 1.5%. GE also said the board would recommend that shareholders name a major transformation over the past few years reverse 1-for-8 shares split.
4. Eli Lilly’s combination Covid therapy cuts serious diseases, deaths in large study
A pharmaceutical manufacturing plant of Eli Lilly and Company is pictured on March 5, 2021 at ImClone Drive 50 in Branchburg, New Jersey.
Mike Segar | Reuters
Eli Lilly said on Wednesday that his Covid antibody therapy was reduce the risk hospitalization and deaths by 87% in a study involving more than 750 high-risk coronavirus patients. This is the second major late study showing that the combination treatment is effective for treating mild to moderate cases of the disease. U.S. regulators approved Lilly’s treatment in February for emergency use in Covid patients 12 years and older, with a high risk of developing serious complications.
US President Joe Biden comments on International Women’s Day at the White House in Washington, March 8, 2021.
Tom Brenner | Reuters
The Democratic-controlled House on Wednesday will be expected to approve, according to party lines, the Senate passed, $ 1.9 billion Covid relief bill. President Joe Biden is expected to sign it and achieve an early victory to advance democratic priorities and show party unity. The bill includes up to $ 1,400 direct payments to most Americans, a federal unemployment benefit boost, and hundreds of billions of dollars for Covid vaccines and treatments, schools, state and local governments, and pathological operations from airlines to concert halls.
– Reuters and The Associated Press contributed to this report. Get the latest about the pandemic with our coronavirus blog.