5 things to know before the stock market opens Thursday, Oct. 14
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Investors need the following news, analysis and trends to help them start trading:
1. Stock futures rise after S&P 500, Nasdaq broke 3-day losing streaks
Traders working at the New York Stock Exchange (NYSE) Floor, October 12, 2021
Brendan McDermid | Reuters
2. Before the bell, data on wholesale inflation and jobless claims
It is now possible to get a government bond. two key economics reports8.30 a.m. ET: The September Producer Price Index and Initial Jobless Claims. Economists predict that the weekly average of 318,000 first-time claims for unemployment benefits for week ending October 9 will be lower. Core PPI (which excludes food and energy) and headline PPI are likely to stay high. Thursday’s wholesale inflation follows Wednesday’s higher consumer inflation data. The Social Security cost of living adjustment for next year, which will be 5.9% due to rising price pressures, is expected to rise by 5.9%. the biggest boost in about 40 years
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On Thursday, earnings season picked up with several banks reporting quarterly results prior to the bell. Premarket trading saw their shares move higher as well.
Dow stock UnitedHealth Walgreens Boots AllianceAlso, revenue and earnings were better than expected. These stocks rose in the premarket.
4. FDA vaccine panel gets ready to consider Moderna, J&J boosters
Thursday is the meeting of FDA’s vaccination advisory group. It will consider boosters. ModernaThe two-shot Covid regimen. FDA scientists did not take any position Tuesday. On Friday, the panel of FDA scientists will meet to discuss a booster. Johnson & JohnsonThe data for both the single-dose vaccine as well as mix-and match vaccines are available. A highly anticipated NIH study, released Wednesday, suggests J&J recipients are better off getting a booster from PfizerModerna. Also on Wednesday, the FDA said data provided by J&J suggests recipients may benefit from an additional dose. Pfizer has approved certain people to receive a booster dose of its two-shot vaccination.
5. Covid Mortgage bailouts wind down, leading to an increase in foreclosures
Foreclosures are startingTo jump, as there are both government- and private sector programs that help homeowners cope with economic decline. Covid pandemicThey are about to end. The third quarter saw a 32% rise in foreclosures by mortgage lenders on 25,209 properties. It’s 67% more than the third quarter 2020 according to Attom mortgage data firm. California, Texas and New York were the states with the highest number of foreclosures.
— Follow all the market action like a pro on CNBC ProThis is. Find the most recent information about the pandemic here CNBC’s coronavirus coverage
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