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

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

1. After Dow’s record-breaking close and Nasdaq’s fall, stocks will open lower

On January 4, 2022, New York City’s Stock Exchange (NYSE), people walk by it.

Angela Weiss | AFP | Getty Images

U.S. stock futuresThe Dow fell Wednesday slightly, just one day after it set another record. The 30-stock averageClose to 0.6% rose following Monday’s gain on the first day of trading in 2022. Shares that could benefit from economic recovery were sought by investors who bet on the continued growth of Covid cases due to the Omicron variant in the U.S.

  • It S&P 500It was slightly lower Tuesday than the record-breaking session.
  • It NasdaqOn Tuesday, growth-oriented tech stocks fell 1.3% were knocked aroundby an initial 10-year Treasury yield greater than 1.7% It is possible to obtain a 10-year Treasury yield above 1.7% at one stage. 10-year yield fell Wednesday.
  • The seasonal Santa Claus rally, which often happens in the last week of December and the first two trading days in January, held for the Dow and S&P 500. During that time, however, the Nasdaq fell.

2. ADP will show a slowing in the growth of jobs at U.S. businesses last month

ADP’s December reportOn hiring at U.S. businesses, scheduled for publication at 8:15 am. ET Wednesday is scheduled to reveal a 375,000-strong job market. 534 000 private sector jobs were created in November. Wednesday’s jobless claims data will be released by the Labor Department. Friday will bring you the December monthly employment report.

It Federal ReserveYour committee will closely monitor these numbers ahead of the two-day January meeting that takes place later in this month. 2.30 p.m. ET ET, Wednesday: Minutes from the December meeting of the Fed are available at The Fed. unveiled plansTo speed up bond-purchase tapering and indicate three interest rate rises in 2022

3. Wall Street strategists expect a more difficult year as the Fed tightens policies

Wall Street Outlook 2022

Firm Strategist 2022 S&P 500 2022 EPS Implied P/E
Bank of America Merrill Lynch Savita Subramanian 4600 $173 26.59
Barclays Maneesh Deshpande 4800 $235 20.43
BMO Brian Belski 5300 $245 21.63
CFRA Sam Stovall 5024 $220 22.81
Citi Scott Chronert 4900 $221 22.22
Credit Suisse Jonathan Golub 5200 $235 22.13
Goldman Sachs David Kostin 5100 $226 22.57
JPMorgan Chase Dubravko Lakos-Bujas 5050 $240 21.04
Morgan Stanley Mike Wilson 4400 $227 19.38
Oppenheimer John Stoltzfus 5330 $230 23.17
RBC Lori Calvasina 5050 $222 22.75
UBS Keith Parker 4850 $242 20.04
Wells Fargo Investment Institute Darrell Cronk 5200 $235 22.13

4. CDC Panel to Hold a Booster Meeting as Agency Updates Covid Isolation Guidance

Atlanta is the headquarters of Centers for Disease Control and Prevention.

Tami Chappell – Reuters| Reuters

The Centers for Disease Control and Prevention has established a vaccine advisory panel is set to hold a meetingWednesday discussion on booster dosing PfizerTwo-shot Covid vaccine is recommended for children aged 12-15 years.

  • The CDC suggested Tuesday that the CDC reduce the time between Pfizer’s booster shot and its second dose to just five months.
  • This agency has amended the controversial Covid isolation guidelines. declining to add a testing requirementAs public health professionals expected, after the CDC cut its recommended quarantine time from 10 days down to five days.
  • The CDC said that omicron also represented 95% of sequenced Covid casesThe U.S. saw a decrease in sequenced cases of the delta variant, which was 4.6% during the week ending New Year’s Day.

5. Chicago Schools are shut down today as a result of union vote to be remote

Students leave Darwin Elementary in Chicago's Logan Square neighborhood on Monday, Jan. 3, 2022, the first day back to school from winter break for Chicago Public Schools.

Brian Cassella | Tribune News Service | Getty Images

Leaders of Chicago Public Schools canceled classesAfter the increase in Covid cases, the teachers union voted Wednesday to move to remote education. This is the latest in a growing battle for pandemic safety protocols within the third largest school district in America. Uncertain was the state of instruction during the remaining week. Leaders in the district said that a plan would be developed to allow students to continue learning. This will happen later on Wednesday. According to school officials, the union action is a “workstoppage”. They said students who missed classes Wednesday will not be compensated.

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

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