5 things to know before the stock market opens Wednesday, Jan. 19
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Investors need the following news, analysis and trends to help them start trading:
1. Wall Street seems slightly more optimistic after the Nasdaq slide
Traders are seen working on the New York Stock Exchange’s floor in New York City. January 18, 2022.
Brendan McDermid | Reuters
U.S. stock futuresInvestors received higher-than-expected earnings and digested the news, which led to a rise in investor confidence 10-year Treasury yieldOn Wednesday, the rate was over 1.9% Rising bond yieldsTechnology stocks fell to new two-year highs on Tuesday. This sent the NasdaqThe price of the property has fallen by 2.6% lowest close in three months. Index finished in correction territory after falling more than 10% off its intraday record high of November. There are Dow Jones Industrial AverageAnd the S&P 500On Tuesday, the Dow and S&P 500 fell by 1.5% and 1.54% respectively. Both the Dow and S&P 500 hit all-time highs earlier this month. These levels are down more than 4 and 5 percent, respectively. At 8:30 AM, the government will release December building permits and housing starts. ET.
2. BofA, Morgan Stanley, P&G, UnitedHealth rise on earnings beats
Bank of AmericaWednesday, before the bell topped estimates for profitThe firm also released an astounding $851million in reserves, alongside record quarterly investment banking and asset management fees. Revenues for the fourth quarter were slightly lower than expected. BofA shares were up 3% at the premarket
Morgan StanleyPost better-than-expectedOn Wednesday, the quarterly profit was announced. Morgan Stanley’s fourth quarter revenue also came in below expectations, just like BofA. Morgan Stanley shares rose 2.5% in premarket.
Dow stock Procter & Gamble early Wednesday reported fiscal second-quarter earnings and revenue that topped expectationsAs price increases offset increased freight and commodity prices, The consumer products giant also boosted its full-year sales forecast. P&G shares rose more than 1% in the premarket.
UnitedHealthThe Dow component, as well as NYSE, reported a better than expected fourth-quarter profit, and revenue. helped partlyExploration in the Optum business, which includes its drug benefit management business. The premarket saw modest growth in UnitedHealth shares.
3. Biden holds a news conference marking 1 year of his presidency
U.S. Vice President Joe Biden gives remarks about “How the Bipartisan Infrastructure law will rebuild America’s roads,” at the South Court Auditorium of the White House, Washington, U.S.A, January 14, 2022.
Kevin Lemarque | Reuters
President Joe Biden is scheduled to hold a news conferenceWednesday afternoon marks Biden’s 365th Day in Office. Biden will give an update to Americans regarding his extensive legislative agenda and fighting against Covid, as the omicron variation continues to increase new cases. Next weekBiden’s administration will distribute 400 million N95-masks free of charge at community and pharmacy centers. For Americans who want to get free Covid test results, there is a federal government website. is set to launch Wednesday. Tuesday’s site testing was a success. Some people could submit orders while some had issues.
4. Verizon, AT&T launch 5G, agree to delay service by some airports
Workers installed equipment on a 5-G cell tower in Salt Lake City Utah on Tuesday, January 11, 2022.
Getty Images| Bloomberg | Getty Images
Verizon AT&TThey turned on Wednesday a significant new section of their 5G network, marking the end of years-long effort. noticeably fasterMobile service is available in large areas of the country. They agreed to delay 5G service at some American airports. However, there were several international airlines that requested 5G service. were still cancelingFlying to the USA due to 5G interference at US airports. Dubai-based Emirates stated, “We hope that our US services will resume as soon as we can.”
5. SoFi rockets once it has cleared regulatory hurdles to become a banking institution
Anthony Noto CEO, SoFi
Adam Jeffery | CNBC
San Francisco-based SoFiThe bank has cleared all regulatory hurdles and the shares have been issued soared more than 18%Premarket on Wednesday. This mobile-first financing company provides banking products. It is not technically a bank. It relies on FDIC-insured banks for customer deposits and loans. SoFi intends to buy a California community bank in order to be able to operate as a bank. Last year, Fintech was made public through a merger with SPAC.
— The Associated Press and Reuters contributed to this report. You can follow all market activity like a professional. CNBC Pro. Find the most recent information about the pandemic here CNBC’s coronavirus coverage.
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