Here are the key news, trends and analyzes that investors need to start their trading day:
1. Dow futures jump after Tuesday’s early gains
Traders on the floor of the New York Stock Exchange
The Dow will rise 200 points on Wednesday after late sales reversed strong gains earlier in Tuesday’s session. With the best days since November, the 30 shares fell an average of 0.5% and the Nasdaq fell 1.7% as technology stocks retreated. The S&P 500 slipped 0.8%, a day after its biggest one-day advance since June.
The latest ADP report on private sector employment will be released at 08:30 ET, one hour before Wall Street opens. U.S. companies are expected to have added 225,000 new jobs in February compared to January with 174,000 jobs. The ADP has not been the best predictor of the government’s monthly work report published on Friday.
U.S. Senate Spokesman Chuck Schumer (D-NY) speaks to reporters in The Senate Reception Room during the second day of Trump’s second indictment in Washington, February 10, 2021.
Brandon Bell | Swimming Pool | Reuters
The Senate is expected to begin the debate as soon as wednesday on the version of the House-successful, $ 1.9 billion Covid relief bill. However, that excludes a federal minimum wage increase to $ 15 per hour. President Joe Biden on Tuesday urged Democrats to stand united and approve the measure, even as some moderates tried to back parts of the package. Democrats, with the smallest margins in the Senate, use special rules that allow them to pass the bill without GOP support.
3. The US will have enough Covid vaccines by the end of May for ‘every adult’
On March 2, 2021, a member of the U.S. Army administered a COVID-19 vaccine to a police officer at a FEMA Community Vaccination Center in Philadelphia, Pennsylvania.
Mark Makela | Getty Images
By May May, two months earlier than previously expected, the US will have a large amount of coronavirus vaccines to vaccinate ‘every adult in America’. Biden said Tuesday in the White House. The announcement comes as the government works to increase production of Johnson & Johnson’s newly cleaned single-graft vaccine, and rival Merck agrees to start.
The Republican governors of Texas and Mississippi both announced Tuesday that they are lifting mask mandates in their states and that businesses could reopen in full, although the decline in the new daily Covid-19 cases is slowing. CDC director, dr. Rochelle Walensky, warned states Monday to lift restrictions on public health too quickly.
4. America’s Largest Businesses Strive for ‘Dreamers’
Protesters are gathering outside the U.S. Supreme Court as judges would hear oral arguments during the consolidation of three cases before the court regarding the Trump administration’s attempt to end the Deferred Action for Child Arrivals (DACA) program in Washington, USA, November 12, 2019 .
Jonathan Ernst | Reuters
Rocket companies fell 6% in pre-trading on the market on Wednesday after more than doubling in the past three sessions. The Quicken Loans and Rocket Mortgage parent rose more than 71% on Tuesday on no clear news. The sharply shortened share on Reddit’s WallStreetBets forum seems to have aroused strong interest from day traders.
Casino operator Las Vegas Sands said on Wednesday it would sell its real estate and operations in Vegas to private equity giant Apollo Global Management for about $ 6.25 billion. The properties include the Venetian Resort Las Vegas and the Sands Expo and Convention Center. Shares in Las Vegas Sands rose nearly 3% in the futures market. Apollo dropped almost 1%.
Oscar Health launches Wednesday on the New York Stock Exchange. The start of health insurance, backed by Google parent Alphabet, priced its first public offering Tuesday night at $ 39 a share. above the already increased expected range from $ 36 to $ 38. The exchange gives Oscar Health a market value of $ 7.7 billion before trading.
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