Stock Groups

5 things to know before the stock market opens Tuesday, Nov. 9


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

1. Wall Street is looking steady ahead to key inflation data after reaching new heights

Trader working on the New York Stock Exchange’s floor, November 8th 2021.

Brendan McDermid | Reuters

U.S. stock futures were relatively flat Tuesday, one day after the S&P 500 closed above 4,700 for the first time ever. There were no significant changes in the market. Dow Jones Industrial AverageThe NasdaqYou can also see it here rallied to record-high closesMonday saw an increase in industrial and material stocks due to the Senate’s approval of late Friday’s infrastructure bill. President Joe BidenHe is expected to sign the document.

Investors get October inflation dataThis week’s producer and consumer price indexes will be released on Tuesday and Wednesday. According to economists, producer prices are expected to rise 0.6% after September’s 0.5% increase. The year-over-year change in producer prices is 0.6%. September PPI surged 8.6%The record for a data set that dates back to November 2010 is titled.

2. GE will be broken up into three companies: energy, aviation and health care

Workers use hand tools to build components for a LEAP engine at General Electric Aviation’s Lafayette plant, Indiana on July 19, 2019.

Luke Sharrett | Bloomberg | Getty Images

U.S. Industrial Giant General Electric will split into three separate companies — aviation, health care and energy — following years of lackluster stock performance. According to a company press release, GE intends to split the health-care business and the energy division by 2023. GE’s shares rose more than 7% premarket after the announcement. After the transition, GE CEO Larry Culp and the Aviation Company will keep the name GE.

3. Bitcoin’s new record high is $68,000. Cryptos continue to rally

The huge rises in bitcoin and ether were seen between 2021 and 2021. For the first time, in April 2021 the value of the cryptocurrency market exceeded $2 trillion.

Jaap Arriens | NurPhoto | Getty Images

BitcoinThe ether and bitcoin hit all-time highs on Tuesday before they were slightly trimmed as the rallies of cryptocurrencies continued. BitcoinThe world’s largest digital currency was X, which reached $68,500. Ether, which is the No. For the first time, $4,800 was the highest price ever for ether, which is Ethereum’s native currency and crypto 2. This year has seen bitcoin rise more than 130%, while ether surged around 55%. It is the ProShares Bitcoin Strategy ETFThe website, which was launched in October and tracks futures bitcoin contracts, saw a more than 8 percent increase on Monday. Tuesday’s premarket showed a 2% rise.

4. Roblox explodes with rosy results, PayPal plummets due to revenue mismanagement

Roblox Logo displayed on a Smartphone

Rafael Henrique | SOPA Images | LightRocket | Getty Images

The shares of RobloxPremarket prices rose more than 25% Tuesday morning, shortly after online casino platform reported third-quarter results that impressed analystsThis is. This service was unavailable from Oct. 28 to Oct. 31, which is the quarter’s fourth quarter. Roblox began trading on New York Stock Exchange (NYSE) in March after a direct listing.

An iPhone shows the PayPal app.

Katja Knupper | DeFodi Images | Getty Images

PayPalAfter the company’s third quarter revenue report, Tuesday morning’s premarket saw shares fall more than 5% warned on outlookThe following is the. Adjusted earnings for the third quarter beat expectations. PayPal said that it was collaborating with AmazonBeginning in 2022, U.S. customers can pay via Venmo’s service at the giant’s checkout.

5. AMC posts smaller-than-expected loss, but CEO says challenges remain

The AMC Metreon 16 cinemas are seen by cars on August 10, 2020 in San Francisco.

Justin Sullivan | Getty Images

AMC EntertainmentPremarket trading fell almost 5% after the CEO stated that there were no shortages. still Covid challenges aheadThe following is the. Third-quarter losses were less than anticipated and revenues exceeded estimates for the movie theatre operator. In Monday’s regular session, the stock increased 8% before after-the bell results were released. AMC reported that its domestic theaters, as well as 99% of international theatres were open at the time of September 30. Theaters across the globe were shut down or closed at various points in the pandemic. AMC was at the forefront of this year’s meme stock boom, which saw its share price soar to more than 2,025% by 2021.

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