5 things to know before the stock market opens Monday, Dec. 13
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Investors need the following news, analysis and trends to help them start trading:
1. Stock futures are steady after S&P 500’s record close Friday
Traders in New York City work at the New York Stock Exchange (NYSE), December 8, 2021.
Brendan McDermid | Reuters
U.S. stock futuresThe Monday gain was slightly after the S&P 500 NasdaqTheir best week since February saw them break two consecutive losing streaks. These were their best weekly performances since February. Dow Jones Industrial AverageThe Dow and Nasdaq ended their four-week losing streaks, ending with the best week since March. While the Dow and Nasdaq are not yet at their peak, there is still work to be done. S&P 500 closed at a record high FridayThe stock market rebounded from the selling spree that started on Nov. 26. However, futures lost ground as Boris Johnson, the British Prime Minister, reduced gains. confirmedMonday was the last day of at least one death from the Omicron Covid variant.
2. Deaths from covid in the U.S.A close to 800,000 due to Omicron Risk
UNITED STATES – OCTOBER 4. Hattie Pierce, 75, received a Pfizer covid-19 vaccination booster shot from Dr. Tiffany Taliaferro at Safeway Capitol Hill, Washington, D.C. on Monday, Oct 4, 2021. (Photo by Tom Williams/CQ Roll Call, Inc via Getty Images
Getty Images| CQ-Roll Call, Inc. | Getty Images
American Covids are estimated to have reached 800,000. According to data from Johns Hopkins UniversityThe number of U.S. victims from the coronavirus in America since its discovery late 2019 was 797 348, as reported early Monday. Officials are intensifying their efforts to ensure that Americans get vaccinated against highly mutated Omicron. While the Delta variant is still the predominant strain, causing more than 1,200 deaths each day in the U.S. Covid booster shots provide “optimal care,”White House Chief Medical Advisor, Dr. Anthony Fauci stated Sunday.
3. Investors may see Fed taper faster, but inflation is at its highest point in the week ahead
Jerome Powell, Chairman of the U.S. Federal Reserve, spoke during Wednesday’s hearing before the House Financial Committee in Washington, D.C., December 1, 2021.
Bloomberg | Bloomberg | Getty Images
Friday marked the biggest increase in year-over-year sales. jump in consumer pricesInflation will be back in focus after almost 40 years. Tuesday’s update on producer prices, and the start to the year of the fiscal year bring the most current information. Federal Reserve’s two-day December meeting. The final meeting of this year’s policy committee will discuss the need to speed up the end date for its bond-buying programme. The latest retail sales data will be available before Wednesday’s Fed decision. On Thursday, industrial production data and weekly unemployment claims data will be available.
4. Apple stock rises to $3 trillion in market value
Apple CEO Tim Cook
Source: Apple Inc.
AppleEdged closer to becomingWall Street’s third-largest company, worth $3 trillion. Apple, which has just under 16.4 million shares outstanding, would have to hit nearly $182.86 per stock to exceed that landmark, less than a year after reaching $2 trillion in stock market capitalization. Apple had gained 35% this year and a further 80% in 2020 as of Friday’s close. Apple temporarily lost the title of most valuable company earlier this year. MicrosoftIt was just $428 billion from reaching $3 trillion in market value.
5. MotorTrend nominates the all-electric Rivian R1T Truck of The Year
Rivian R1T pickup truck, made by Rivian, during its IPO in New York outside of the Nasdaq MarketSite, New York on Wednesday, November 10, 2021.
Bing Guan | Bloomberg | Getty Images
MotorTrend named Monday the all-electric Rivian R1T its 2022 truck of the yearThe R1T beat other pickups made by Ford, General Motors, Hyundai and others. MotorTrend proclaimed the R1T as the “most remarkable pickup truck” in an announcement announcing its award. Rivian AutomotiveLast month, a start-up that makes electric vehicles, backed Ford, Amazon and others, was made public. On Nov. 16, shares traded as high as 130% at $179.47, a significant increase from the initial $78 price. Rivian’s stock has seen a slight decline in trading since that time. Although Monday’s postmarket increase was a big plus, shares are still around $117 per share.
—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.
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