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U.S. stock futuresThey were fairly flat on Tuesday with tech stocks feeling some pressure as bonds yields moved higher and technology stocks being relatively under pressure. Technology-heavy NasdaqAs the 10-year Treasury yieldFollowing President Obama’s election, it rose to around 1.63% Joe Biden“Re-nomination” Jerome PowellAs Federal Reserve chairman. Wall Street initially benefited from Powell’s announcement. However, the Nasdaq was also able to outperform Wall Street. S&P 500Intraday records were set before falling 1.26% to 0.3% respectively. There are DowThe stock index was up over 300 points in one point before it lost most of its gains at the closing. The average 30-stock stock price remained over 2% awayIts Nov. 8 record highs.

Tuesday was a day of celebration for the United States. will tap its Strategic Petroleum ReserveIn an effort to reduce the year’s sharp rise in fuel prices, this global initiative was undertaken by all energy-consuming nations. This is the first coordinated move of this nature by the U.S. and other countries, including India, China Japan, South Korea, South Korea, South Korea, South Korea, South Korea, Japan, South Korea, South Korea, and China. This is a coordinated release by the U.S., India, China and South Korea. It was initiated to stop rising energy prices following repeated U.S. requests and those of other countries to increase their speed in order to meet increasing demand. Low approval ratings for Biden are due in large part to the high price of gasoline and other items that consumers have paid during the recovery from the pandemic.

Biden Administration has no plansAt a Monday briefing, Jeff Zients, White House Coronavirus Response Coordinator said that a national lockdown would be used to stop future Covid surges. To keep the country safe, the federal government will instead turn to vaccines or therapeutics. The number of covid cases in America has been between 70,000 to 75,000 daily for nearly three weeks, beginning in October. Recently, they have risen to the mid-90,000.-per-day mark. Zients comments were made as Austria started its fourth national lockdown, and as Europe was experiencing an epidemic of infections, the Netherlands initiated a partial lockdown.

The shares of Zoom Video CommunicationsIn Tuesday’s morning premarket, more than 8.5% fell the company reported a continued revenue growth slowdownThe explosive growth in early Covid days. The most recent quarter, Oct. 31, saw revenue of $1.05 million. This was 35% more than the estimates. In the previous quarters, revenue grew by 54% and 191% respectively. Zoom expects to see 9% revenue growth in the next quarter. Zoom beat earnings estimates in the October quarter and guided higher for the next quarter.

Best BuyPremarket Tuesday saw a 11% drop in shares. Investors were concerned about increasing shipping costs and weaker consumer electronics demand. The company had reported quarterly earnings and revenues that were higher than expected before the bell. Analysts are worried that Best Buy will see difficult combinations in the coming year as customers shift their spending towards entertainment and travel.

Urban OutfittersPremarket trading fell 11% after the retailer’s most recent quarter. This reflected an increase in online sales which led to higher expenses. higher delivery costs and higher wagesIts fulfillment and distribution centers. Urban Outfitters still reported revenue and earnings per share that were higher than anticipated on Monday.

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