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5 things to know before the stock market opens Friday, Nov. 12

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

1. Dow set to bounce, helped by gains in J&J shares on split plans

Traders at the NYSE floor, 28 October 2012.

Source: NYSE

U.S. stock futuresPremarket strength of the Dow component helped Friday’s rise Johnson & Johnsonon the plans to separate into two companies. Following the Veterans Day holiday the U.S. Bond Market opened Friday again, but with the 10-year Treasury yieldThe ticking up to 1.57% continues to hold on to the gains made after this week’s high inflation numbers. At 10 AM, the government will release its Labor Turnover Survey and Job Openings Survey. ET. JOLTS September will show a drop in employment vacancies to 10.2million, after the previous month’s 10.4million. This is a result of JOLTS. record quits The NasdaqThe S&P 500On Thursday, the rebound was achieved. However, the Dow Jones Industrial AverageThe third session of the year saw a drop in performance. pulled downDisney shares slump of 7% on dismal quarterly results. Dow stock DisneyIt was slightly higher on Friday’s premarket.

2. J&J to separate into two companies: Consumer products, medical

Johnson & Johnson logo

SOPA Images | LightRocket | Getty Images

J&J shares rose roughly 3% in the premarket after the health-care giant announced Friday it’s splitting into two publicly traded companies: one focused on consumer products, such as Band-Aid bandages and baby powder, and the other focused on medical devices and pharmaceuticals, including its Covid vaccine. Johnson & Johnson was already undergoing a major transition, as CEO Alex Gorsky has previously announced that he will step down in January. Joaquin Duato, who was tapped as Gorsky’s successor, will lead the new J&J following the separation of the consumer unit. It is the second such announcement by major U.S. companies this week. General ElectricIt announced its plans Tuesday to break up into three companiesThe focus is on health, energy and aviation.

3. R.J. Scaringe, founder of Rivian is now worth more than $2 billion after his IPO

Rivian Automotive founder and chief executive Officer RJ Scaringe speaks following the unveiling of the R1S electric sport utility vehicle (SUV).

Getty Images| Bloomberg | Getty Images

The shares of Rivian AutomotivePremarket prices rose by nearly 4% on Friday, which would increase the public’s access to electric vehicles. two-day gain of 57%. Rivian’s stock value has risen to $105billion since Wednesday’s launch, and R.J. Scaringe was valued at $2.2billion in his stake in the company he started in 2009. Rivian has been a success. Amazon FordAs backers, it pales in comparison with TeslaThe market is worth more than $1 Trillion Elon MuskThe value of, which is more than $275 trillion took a shot at his rivaRivian will face high production and breakeven cash flow, according to a Thursday statement.

4. Singles Day sales were record despite being muted due to China’s crackdowns

Delivery workers sort parcels at a makeshift logistics station near the Central Business District (CBD) during Singles’ Day shopping festival in Beijing, China November 11, 2021.

Tingshu Wang | Reuters

Alibaba JD.comOn China’s Singles Day, their sales reached $139 billion across all of their platforms. setting a recordSingles Day used to be a 24-hour affair. But it has become a multi-day event. Singles Day once was a 24 hour affair. But it’s now a multiday event that concludes at midnight on Nov. 11. These record-breaking sales are despite fears about the Chinese consumer’s strength and Beijing’s impact on technology companies. Singles Day this year was less popular as Chinese tech companies were still under scrutiny by regulators. Xi JinpingThe push for “common prosperity.”

5. Chinese President Xi consolidates leadership position of No. 2. Economy

Xi Jinping is the general secretary of CPC Central Committee of Communist Party of China. He also serves as the chairman of Central Military Commission.

Ju Peng | Xinhua News Agency | Getty Images

Xi took another stepHis goal was to consolidate his grip on China, world’s second largest economy and advance his vision of an effective Chinese Communist Party-dominated government. He joined Deng Xiaoping and Mao Zedong as third leaders of China to supervise a historic resolution at the end of the closely watched CCP meeting. Officials from the party called Xi a “helmsman” and a “people’s leader”On Friday, he was honored with a standing ovation in support of his leadership. These were terms used over 50 years ago to describe the cultof personality around Mao. Xi, U.S. president Joe BidenAre expected to maintain a virtual meeting Monday

— Reuters contributed to this report. All market action can be followed like a professional. CNBC ProThis is. Find the most recent information about the pandemic here CNBC’s coronavirus coverage

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