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5 things to know before the stock market opens Wednesday, Dec. 8

These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Wall Street ready for another rally after Pfizer’s promise of omicron boosters to Pfizer

New York Stock Exchange floor traders.

Michael Nagle/Bloomberg via Getty Images

U.S. stock futuresReversal higher on Wednesday and points to gains for the third day after PfizerThree doses of vaccine were effective in neutralizing the micron-type.

These gains brought all three stock benchmarks within striking distance from their previous highs.

  • Close to 2% was the difference between November’s record closing close and Dow Jones.
  • The S&P 500 and Nasdaq were 0.4% and 2.3% away, respectively, from their record closes last month.

On Wednesday, at 10 a.m. ET: The government will release the October JOLTS data. This stands for Job Openings Survey and Labor Turnover Survey.

2. Third Pfizer shoots against new variant of two-dose protection for original

Freeport (N.Y.) Close up shot of the Pfizer COVID-19 booster shot administered to an individual’s arm by Mount Sinai South Nassau Vaxmobile. This was taken in Freeport High School in Freeport.

Getty Images| Newsday | Getty Images

Pfizer Wednesday announced that the third Covid vaccine shot has produced antibody levels comparableWith those that were induced with the first two dose series of vaccines against the original strain. These are highly protected. Albert Bourla from Pfizer, the CEO said that it was important to ensure as many people have been vaccinated using the booster and the initial doses. BioNTech.

3. Meta (formerly Facebook) informs employees that they can postpone their return to the U.S.

This illustration was taken on October 28, 2021 and shows a smartphone sporting the Facebook logo.

Dado Ruvic | Reuters

Meta PlatformsFacebook, which was formerly known as, stated that its U.S. offices will be fully reopened on January 31, but it would give all employees the chance to return. option to delayThey will be back in three to five weeks. Social media giant Meta said Tuesday that its “office deferral programme” was intended to allow employees more flexibility. Meta announced in August it was delaying its plans to bring back U.S. employees into their offices until January 2022 because of ongoing Covid issues.

4. A sudden spike in refinancing occurs after a short drop in mortgage rates

A sign was posted at the front of a house for sale in San Anselmo on September 28, 2021.

Justin Sullivan | Getty Images

Due to market reactions to the first letter of the omicron there was a brief fall in mortgage rates caused refinance demand to rise a dramatic 9%Last week. But, this trend is likely to be temporary. If you look at the weekly average 30-year fixed-rate mortgages, this week’s home loan interest rate drop wasn’t that significant. According to the Mortgage Bankers Association, homebuyers demand for mortgages dropped 5% following four consecutive weeks of growth. Federal Housing Administration data revealed that the refinance portion of mortgage applications increased to 63.9%, up from 59.4% in week previous.

5. House makes key move towards raising debt ceiling, as the deadline nears

The view from the U.S. Capitol in Washington DC during morning rush hour Wednesday, October 6, 2021.

Drew Angerer | Getty Images

The House took a first stepTo prevent a default of U.S. Debt. Tuesday’s vote in the Senate allowed it to lift the nation’s borrowing limit through a simple majority vote. This provision would have prevented automatic Medicare cut at the close of the year, as added by lawmakers. To pass the Senate, it needs 10 Republican votes. Joe Biden‘s desk. Janet Yellen, Treasury Secretary has calculated that the U.S. would reach its debt ceiling Dec. 15.

— Follow all the market action like a pro on CNBC Pro. Find the most recent information about the pandemic here CNBC’s coronavirus coverage.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.