5 things to know before the stock market opens Monday, Oct. 25
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Investors need the following news, analysis and trends to help them start trading:
1. After Friday’s record-breaking close, Dow will rise slightly
Traders in New York City work at the New York Stock Exchange (NYSE), on October 15, 2020.
Spencer Platt | Getty Images
2. After last week’s record-breaking high, Bitcoin is back on the rise
BitcoinIt was up Monday back toward $63,000Following Wednesday’s historic high, just above $67,000, there was some selling. Bitcoin reached a new record when the U.S.’s first bitcoin futures-exchange-traded fund debuted with a 5% increase. It was an exciting development which generated enthusiasm in crypto. It is the ProShares Bitcoin Strategy ETFThe price of equities, which saw trading Thursday and Friday for bitcoin, rose by about 3% during Monday’s premarket trades. The previous all-time record bitcoin price in April was also coincident with another landmark for digital assets, crypto exchange CoinbaseThe debut of’s name on the Nasdaq
3. Facebook is reportedly being criticized internally for right-leaning content
In this illustration from October 4, 2021 the Facebook logo is displayed through broken glass.
Dado Ruvic | Reuters
The shares of FacebookAfter Friday’s decline of 5%, a drop in equities fell below 1% during premarket trading. With a continual controversy surrounding the social network, Wall Street Journal reportMonday morning, the internal debates surrounding right-leaning content were detailed. Frances Haugen (ex-Facebook data scientist, whistleblower), will be appearing on Monday. plans to answer questionsU.K. lawmakers are currently working to restrict the power and influence of social media firms. After her testimony in the U.S. Senate earlier in this month, Haugen will make it’s second appearance before legislators.
4. More Dow stocks and Big Tech lead this week’s earnings
Facebook is scheduled to report earningsAfter the Monday bell, Big Tech will release a slew of quarterly results, including Apple Microsoft Alphabet Amazon. About 30% of S&P 500 companies issue earnings this week. The Dow publishes a third of its earnings each week, which includes Caterpillar Coca-Cola Merck Boeing McDonald’s Nearly 84% have reported more than expected. Based on estimates and actual data, earnings are expected to rise by 34.8% this year according to Refinitiv’s I/B/E/S statistics.
5. Manchin is reportedly open to wealth tax under the Biden plan
On September 30, 2021, Senator Joe Manchin (D.W.Va.), spoke to journalists outside the U.S. Capitol in Washington DC.
Kevin Dietsch | Getty Images
The Holdout Sen. Joe ManchinD-W.Va. appears to support the White House’s proposals to tax billionaires more and to tax certain corporations in order to pay President Obama. Joe BidenClimate change, social services, and other programs are being cut back. according to The Associated Press. Biden met with Manchin, Senate Majority Leader and huddled together. Chuck SchumerD-N.Y. was at the Delaware president’s home on Sunday to resolve the disputes between progressives and centrists that has stalled the large-ranging bill.
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