Stock Groups

5 things to know before the stock market opens Tuesday, Jan. 11

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

1. Wall Street appears to be more optimistic after Monday’s rebound in tech stocks

Traders at the NYSE floor, January 10, 2022.

Source: NYSE

U.S. stock futuresOne day after the late-session stock market reversal, Tuesday’s modest rise was not unexpected propelledThe NasdaqFrom a 2.5% decline to a small closing gain, the index has seen a dramatic improvement. The index ended its losing streak of four sessions by closing the session with a 2.5% loss. This was The S&P 500Although the Dow closed slightly, it extended its losing streak of five sessions to 5. However, it saw an afternoon rally after a 2 % decline. For four days straight, the Dow lost almost 163 point, or 0.5%. The 30-stock average was still well above Monday’s closing lows, which were down almost 600 points. As the stock market has had an unfavorable start to 2014, the 10-year Treasury yieldThe benchmark yield rose to 1.8% this Monday, but then dropped back. Benchmark yield was lowerEarly Tuesday, almost 1.7%

2. Senate panel to examine Powell’s renewal as Fed chief

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

Federal Reserve Chairman Jerome PowellOn Tuesday, Powell will appear before a Senate panel to testify in his confirmation hearing for the second term of his four-year tenure. The former President Donald Trump elevated Powell to the Fed presidency in 2018. President Joe Biden nominated Powell again late last November. Trump’s Democratic predecessor Barack Obama who originally appointed Powell for a 14 year term in 2014 as Governor, was Powell.

Richard Clarida was Vice Chairman of Federal Reserve during the Annual Symposium in Jackson Hole (Wyoming) on August 23, 2019.

Gerard Miller | CNBC

Richard Clarida, Fed Vice Chairman of Richard Clarida stated Monday that he will be departing his postOnly a few remaining weeks of his term are up, after scrutiny about his trades in stocks funds during the Covid epidemic. Following questions regarding their trading activities, Eric Rosengren (Boston) and Robert Kaplan (Dallas), both regional Fed presidents, resigned.

3. GameStop is having a great year, ever since the meme stock craze was started

Tuesday January 11th marks the first year anniversary of the launch of the GameStopIndividual investors drove the trading frenzy that resulted in a massive short squeeze on Wall Street. Gaming Stop soared to an all time high of $483 intraday Jan. 28, 2021, more than 2,600% within three weeks.

The stock ended that day at $193.60, en route for a low of 40.59 on February 19, 2021. GameStop managed to regain $300 per share in June. The trend in the last few months has been generally lower. There were some positive signs for the company, such as Friday’s announcement about plans to establish a market for NFTs (nonfungible tokens). However, the stock was closed at $131 on Monday.

4. Over the past week, average daily Covid cases have increased 50%

On Monday, January 10, 2022, a healthcare worker administered a Pfizer BioNTech Covid-19 vaccination to a child in San Francisco (California), USA.

Bloomberg | Bloomberg | Getty Images

Over the last week, there have been an average of 754,000 Covid cases in America. according to data compiled by Johns Hopkins UniversityAs the outbreak of the Omicron variant continues across the country, This includes Monday’s report of over 1.4 million Covid cases. Some of these occurred during weekends when data reporting was halted in many states. A country averages about 1,650 daily death per day. This is slightly lower than the peak level seen last year.

5. A new list of America’s most ESG-rich stocks has been created. 1

Paul Tudor Jones founder, CIO of Just Capital.

Adam Jeffery | CNBC

Just Capital was established by billionaire hedge fund investor. Paul Tudor JonesThe new rankings of the, are out top companiesThe U.S. has a number of environmental, governance and social metrics. AlphabetIt is number 1. 1. in 2022 Just 100, up 4 places over last year and bumping competitor MicrosoftFrom the top spot. This list shows the dominance of technology companies on the market. However, there is a noteworthy exception. Meta PlatformsFacebook (formerly referred to as ) dropped almost 700 places this year in the overall universe of 1000 stocks ranked. This puts it behind its tech peers and other companies that are not often considered ESG leaders. Exxon Mobil.

— 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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