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5 things to know before the stock market opens Tuesday, Nov. 2


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

1. Wall Street seems steady after November records

Traders are seen working on the New York Stock Exchange’s (NYSE) floor in New York City. October 27, 2021.

Brendan McDermid | Reuters

Futures on U.S. stocks were relatively flatTuesday, one-day after the Dow Jones Industrial AverageIt is the S&P 500And the NasdaqAll rallied around more record closesTo begin November. Investors wait to find out if there will be a return on their investment. Federal ReserveAfter its two-day meeting on Tuesday, the Fed announced that tapering of its bond purchases will be initiated. Wall Street may be impacted by this decision as it could challenge Wall Street’s bullishness heading into the year-end season. So far in 2021, as of Monday’s close, the Dow was up 17.3%; the S&P 500 was up 22.8%; and the Nasdaq was up 21%.

2. Pfizer leaps ahead of CDC Panel Meeting after strong results

A single vial of Pfizer BioNTech Covid-19 vaccination

Getty Images

PfizerAfter better-than expected quarterly earnings and revenues, Tuesday’s premarket saw a nearly 33% increase. American drugmaker raised its full-year sales outlookFor its Covid vaccine, 7.5% to $36 Billion. Pfizer Germany and its German Partner BioNTechWe hope this helps! Tuesday’s meetingAn advisory panel of the Centers for Disease Control and Prevention (CDC) will next be the final stop in the process to full CDC approval for their Covid vaccination for kids 5-11. Friday’s approval by the Food and Drug Administration was granted for smaller dose shots to be used in younger children. Pfizer has approved the two-shot vaccine for adults and older children.

3. Elon Musk states that Tesla still has not signed any contract with Hertz

Elon Musk, Tesla CEO gestures during a visit to the Gruenheide site for Tesla’s Gigafactory near Berlin. August 13, 2021.

Patrick Pleul | Reuters

TeslaChief Executive Officer Elon MuskOn Monday, he announced that his company was creating electric vehicles has yet to signHertz is a company that offers rental cars. Musk tweeted that it was contradicting Hertz’s announcements and advertisements last week. After Hertz announced that it will increase its battery-electric vehicle fleet with “an initial order for 100,000 Teslas” by 2022, Tesla reached a market capitalization of $1 trillion. Tesla recalls nearly 12,000 U.S.-made vehicles that were sold between 2017 and 2018, due to an error which may have caused a false forward collision warning, or the unexpected activation (or both) of the emergency braking system. Tesla shares fell by more than 4% during the premarket.

4. Biden announces tougher regulation of methane emissions

During the UN Climate Change Conference in Glasgow (Scotland), Britain, November 1, 2021, Joe Biden is addressed by President Obama.

Evan Vucci | Reuters

The Environmental Protection Agency will be open on Tuesday will proposeThe United States has taken the strongest action to date to limit climate-warming greenhouse gas emission by implementing rules that plug methane gas leaks from hundreds of thousands oil and natural gas wells. President Joe BidenThe proposals will be officially announced during the second day at the COP26 Climate Summit in Glasgow, Scotland. Biden is facing more uncertainty at home about his Social Spending Bill. Centrist Democrat Sen. Joe ManchinMonday demanded more timeYou can evaluate the $1.75 Trillion package.

5. Virginia’s tight gubernatorial race may swing the state red

Voters line up to vote at McClean Government Centre during early voting, October 29th, 2021, McLean, Virginia, as cold rain falls.

Chip Somodevilla | Getty Images

Virginia Voters go to the pollsTuesday will determine a tight race for the former Democratic Governor. Terry McAuliffe, Republican Glenn Youngkin (ex-CEO of private equity firm) The Carlyle Group. About a fifth Virginia’s 5,9 million voters cast their early ballots in 2017, nearly six times the number of votes than 2017. Biden, former President Barack ObamaMcAuliffe was a candidate for the presidency. Youngkin, on the other hand, avoided all visits to his campaign from prominent Republicans, even former Presidents. Donald Trump. Before the midterm elections, Virginia’s governor race was a reliable indicator.

— The Associated Press and Reuters contributed to this report. You can follow all market activity like a professional. CNBC ProYou can read more. The latest information on pandemics is available here CNBC’s coronavirus coverage

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.