Stock Groups

5 things to know before the stock market opens Tuesday, Oct. 19

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Investors need the following news, analysis and trends to help them start trading:

1. Stock futures jump after S&P 500, Nasdaq log 4-day win streaks

Traders working at the New York Stock Exchange (NYSE) Floor, October 12, 2021

Brendan McDermid | Reuters

2. Dow stocks J&J and P&G each fall after earnings

A healthcare clinician prepares a dose of the Johnson & Johnson vaccine for the coronavirus disease (COVID-19) for a commuter during the opening of MTA’s public vaccination program at the 179th Street subway station in the Queens borough of New York City, New York, U.S., May 12, 2021.

Shannon Stapleton | Reuters

Johnson & JohnsonIn Tuesday’s earnings update, it was stated that sold $502 million of its Covid vaccineThe third quarter was a success. While revenue was lower than expected, per-share profit exceeded all expectations. Dow stock dropped in the premarket. The New York Times reports the FDA is expected to clear J&J and Moderna boosters and allow mix-and-match shots this week. The CDC will then weigh in. Pfizer boosters were authorized last month.

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.

Mario Tama | Getty Images

The shares of Procter & GambleDow component – sank more than 1% after a report by the consumer goods giant, Tuesday, which reported higher-than-expected revenue and earnings in its first quarter fiscal. Profit was slightly less than in the previous quarter last year due to higher costs. Only 5% growth was recorded in revenue.

3. Pre-launch of the first bitcoin ETF, Bitcoin surges again

Bitcoin on display.

Getty Images – Chesnot| Getty Images

BitcoinThe bitcoin price rose again on Tuesday and traded above $62,000, averaging $65,000 close to April’s record highs. After a short-term slump in bitcoin’s summer trading, traders were able to propel the largest cryptocurrency in the world higher ahead of the fall. Tuesday’s launchFirst U.S.-based bitcoin futures exchange traded fund. ProShares Monday announced that the futures-based Bitcoin Strategy ETF (BITO) will be listed under the ticker BITO. Trading is set to resume this month by four more ETF companies. The second ETF based on futures could be available as early as next week.

4. SEC: Brokers are turning trading into a game in order to attract investors

On Thursday, April 22nd, 2021, a person in protective glasses exits a GameStop Corp. Store at the San Diego Mall.

Bloomberg | Bloomberg | Getty Images

According to the SEC, online brokerages are using controversial practice of payment for orders flow to boost revenue and encourage stock trading. Wall Street’s principal regulator released Monday its highly anticipated reportThe following are the GameStopThe mania began earlier in the year. This report dealt with the fallout from the trading frenzy and raised concerns about back-end payments, gamification, short sales disclosures, and the amount of brokerage fees they receive. It did not place blame on any one cause. GameStop shares were already nearly 900% higher than in the premarket in 2021.

5. Ten-year Treasury yield rises ahead of Housing Report

The construction of new townhomes continues, and building material is in great demand in Tampa, Florida on May 5, 2021.

Octavio Jones | Reuters

Bond yields roseTuesday’s key report will focus on the U.S. market for housing. Prior to the 8:30 a.m. government release, the 10-year Treasury yield was at around 1.6%. ET release of latest data regarding residential construction. After a 3.9% rise in September’s prior month, economists predict that September’s housing starts will fall 0.3%. The September decline in building permits is 3.4%, despite a 6% gain the month before. Although August was generally strong, single-family homebuilding in the United States declined. fell for a second straightMonth after month of builders continuing to battle with labor and material shortages

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