5 things to know before the stock market opens Wednesday, Nov. 3
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Investors need the following news, analysis and trends to help them start trading:
1. Wall Street waits for the Fed’s decision on another record-breaking day
Traders in the NYSE Floor
Source: NYSE
U.S. stock futuresThe conditions Wednesday were unchanged from the previous day. Federal ReserveMeeting of central bankers, November 2, 2002. The central bankers will almost certainlyAnnounce that they will reduce the number of bonds they purchase each month. Investors will look for signs that the cost to borrow may rise under Fed’s Covid-era extraordinary monetary policies.
- The Dow Jones Industrial AverageIt is the S&P 500And the NasdaqTuesday closed at record highsThis is the third consecutive session.
- ADP released its October view of hiring in the United States on Wednesday, ahead of Friday’s jobs report. According to economists, the private sector will add 395,000 jobs in October.
2. There are many big premarket movers like LYFT and BBBY as well as ZG, CAR, ZG and ZG.
3. CVS scores better on quarterly results, thanks to Covid vaccinations
On May 7, 2021, signs advertising COVID-19 vaccines were visible outside a Washington DC CVS Pharmacy.
Mandel Ngan | AFP | Getty Images
CVS Health on Wednesday beat expectationsThird-quarter revenue and earnings. Increased prescription filling and increased availability of Covid vaccines gave the pharmacy chain a boost. CVS has raised its outlook for this year. However, the guidance had been revised downward before adjustments and shares fell nearly 1% premarket. CVS shares were at their 52 week high Tuesday and had risen 33% by the close of 2021. The company’s stock market value was more than $120 billion.
4. CDC grants final approval to Pfizer Covid vaccine to children 5-11 years old
All children between 5 and 11 years of age can apply for a Covid-19After the CDC cleared vaccination PfizerMany parents in the U.S. can now breathe a sigh relief after Tuesday’s administration of younger children’s vaccines. Vaccinations for children under five are expected to begin immediatelyThe FDA granted emergency approval for the shots Friday. Friday, the FDA approved emergency shots. Monday’s White House announcement stated that the White House began moving 15,000,000 doses from Pfizer’s facilities and freezers to distribution centers.
5. It was a difficult night for Democrats in Virginia, and possibly New Jersey
Glenn Youngkin (Va. Republican gubernatorial candidate) speaks at an election party held in Chantilly. It was held on November 3, 20,21.
Reuters| Reuters
Glenn Youngkin was a prominent Republican businessman. wonVirginia’s hotly contested governoral election saw the defeat of former Governor and Democratic power player, Terry McAuliffe. An NBC News projection shows Terry McAuliffe winning a race that received national attention.
- Potentially even more concerning for DemocratsThe race for New Jersey governor between Phil Murphy, incumbent, and Jack Ciattarelli in New Jersey was too close to call.
- Eric Adams, Democrat, is a former captain of the police force. was electedNew York City’s mayor. He’ll become the second Black mayor of New York.
— NBC News, 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
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