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5 things to know before the stock market opens Monday, Dec. 6

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

1. Dow will rebound from its worst losing week in a row

Traders working at the New York Stock Exchange (NYSE) floor, December 3, 2021

Brendan McDermid | Reuters

Dow futures roseFollowing a wild week, which was driven in large part by uncertainty regarding the Covid-omicron variant, more than 200 points were scored Monday. It is the 30-stock averageIt suffered its fourth consecutive weekly loss, the first since September 2020. Friday’s decline after the government’s disappointing headline number on November jobs growth capped weekly drops of around 1% for the Dow and S&P 500 and almost 2% for the Nasdaq. As the data from the workplace was more positive, Friday’s Dow losses were reduced. This is the Dow, S&P 500 and Nasdaq were, respectively, 5%, nearly 3.7% and 6% away from their latest record high closes achieved last month. The 10-year Treasury yieldThe ticked up slightly Monday morning, however remained below 1.4%. Last month, it was close to 1.7%. In October, it was at 1.7%. The benchmark yield soared to 1.7% in October and March. The year began below 1% for the 10-year.

2. Bitcoin is now 30% lower than November’s record high

Business Trends 3d image

Vertigo3d | iStock | Getty Images

BitcoinAfter a Monday trading session, the price of gold was below $49,000 terrible weekendFor the largest cryptocurrency in the world. Thursday morning bitcoinThe price was $57,000. It then plunged by more than 17% between Friday night and Saturday. After hitting a low of $43,000 on Saturday, the market stabilized Sunday. Investors at large fled from riskier assets fearing what the omicron could signify for global economic recovery.

Bitcoin fell 30% on its peak of $69,000 in November. EtherThe second largest crypto traded below $4,000 Monday. The market recovered its footing on Sunday, after suffering a 16% drop from Friday to Saturday. Ether hit a new record high of $4,800 last month.

3. Fed may see a major shift that could lead to a faster end of easy policies

Jerome Powell, Chairman Federal Reserve Board, waits to begin a hearing before Senate Banking, Housing and Urban Affairs Committee, Capitol Hill, November 30, 2021, Washington, DC.

Alex Wong | Getty Images

It Federal ReserveAt its December meeting it is most likely to announce that the pace at which its taper will be increased to $30 Billion per month. recent comments from Fed officials suggest. The Fed Chair could start discussions about how and when interest rates should be raised next year. Fed Chair Jerome PowellIn testimony last week, he supported the idea for a quicker taper. However, he made a drastic shift to say that inflation was the biggest economic concern concerning omicron. Because if there is another Covid spike, this could cause people to lose their jobs and make supply problems worse. In his testimony, the central bank chief failed to convince the market that the pricing of the two rate increases next year is wrong. Next week is the Fed’s last scheduled policy meeting.

4. Officials from the Health Department say that early reports are encouraging regarding omicron.

Getty Images STR | NurPhoto | Getty Images

Early indications suggestU.S. health officials believe that the highly contagious and mutated variant of omicron may prove to be less deadly than the more dangerous delta strain. Omicron was detected in approximately one third of U.S. state after South Africa sent the variant to the World Health Organization. American officials reiterated their call for people to be vaccinated, to have booster shots and to use masks when they are outside. The officials stated that anything that protects against the variants of delta virus will protect them from other types.

5. U.S. to Announce Diplomatic Boycott of China’s Winter Olympics

General view of National Cross-Country Centre during FIS Continental Cup Nordic Combined2021/2022. This event was part of a test event for the 2022 Beijing Winter Olympic Games in Zhangjiakou, China, on December 5, 2021.

Wang Zhao | AFP | Getty Images

Biden’s administration will likely announce this week that it is imposing a boycott on the Beijing 2022 Winter Olympics. a senior administration official told NBC News. This is because of China’s record of human rights violations. Supporters say that China uses the games as a way to cover up its treatment of political dissidents, civil rights activists and ethnic minorities. The diplomatic boycott would prevent any U.S. officials from attending the games, but athletes in the United States would be permitted to participate. China will host the games on Monday. threatened to take “firm countermeasures”If the U.S. continues, Chinese officials were unable to provide any information about China’s potential retaliation.

— The Associated Press contributed to this report. All market action can be followed like a pro. CNBC Pro. The latest information on pandemics is available here CNBC’s coronavirus coverage.

Disclosure: NBC Sports is owned by NBCUniversal, a parent company of CNBC. NBC Olympics holds the U.S. broadcasting rights to all Summer Games and Winter Games up to 2032.

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