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Dow futures crept higherHowever, Nasdaq futures fell on Thursday after a significant sell-off by the Federal Reserve. This was the first trading session drop of the year for Wall Street. Minutes of the Fed’s December meeting showed that central bankers were preparing to withdraw economic support faster than expected.

At its December meeting the Federal Reserve began to plan for reducing the balance of its bonds. Its members stated that such a reduction would be likely to begin sometime after central banks raise interest rates. That’s according to minutesFrom the Wednesday meeting.

• The Fed is expected to raise interest rates starting in March. That would indicate that balance sheet cuts could occur before the summer.
• The Fed declared plans to reduce its bond purchase volume after the December meeting.
• The new year will see the first meeting of central bankers on January 26-27. Traders are eager to find out if the Fed alters its plans as Covid cases have risen due to the micron variant.

• On Friday morning, the government will publish its December employment data before the clock strikes. Expectations are that nonfarm payrolls increase by 422,000, and the unemployment rate will dip to 4.1%.
• ADP December Look at Hiring at U.S. Companies more than doubled estimatesWith 807,000 private sector job creations. ADP’s data was not able to predict the monthly government report for the period of the pandemic.

Dow stock Walgreens Boots AlliancePremarket shares rose by 3% after Walgreens reported on Thursday better-than expected fiscal first quarter earnings and revenues. Walgreens’ full-year outlook was also increased as more customers visited its locations for Covid vaccines testing and other services. Closed Wednesday, shares of the company closed at $54, an increase close to 1%. Stock has gained 30 percent over the last twelve months to close Wednesday at $54, bringing its market value up to nearly $46.7 million.

Bed Bath & BeyondPremarket shares dropped nearly 2% after Home Goods Retailer, Inc. missed analyst expectations. Bed Bath & Beyond reported a loss when analysts had expected a break-even result. The revenue was lower than expected. The company’s CEO said a lack of inventory due to supply chain bottlenecks cost Bed Bath & Beyond about $100 million.

For children aged 12-15 years old, you are eligible now PfizerAnd BioNTechCovid booster shots are given to students as an additional protection in the face of an unusually high number of cases of infection. The Centers for Disease Control and Prevention, Wednesday recommendedFor younger adolescents, boosters should be given at the latest five months after receiving their second dose. Children infected by Covid in the United States are being hospitalized more frequently than ever before. This is because omicron spreads the disease to other people. According to the American Academy of Pediatrics, Covid has been infected with at least 7.8 millions children since 2001. According to CDC data more than 1,000 children have been killed by the virus.

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