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5 things to know before the stock market opens Wednesday, February 9

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

1. Bond yields will dip and stocks are expected to rally again Tuesday at the open.

Traders at the NYSE floor, February 8, 2022.

Source: NYSE

Dow futures roseNearly 250 points (or 0.7%) were gained on Wednesday. S&P 500 and Nasdaq futures pointed to even stronger gains at the open, one day after all three stock benchmarks mounted a solid rally. This is the NasdaqThe session that was the second most positive of all three sessions in the last three weeks was helping the index move closerTo get out of correction territory. Wall Street’s earnings story is back, and Dow stock has it. DisneyThe quarterly results will be released after Wednesday’s bell. PelotonIt lost its earlier gains in the premarket and fell to 25% when the fitness-related company, which had soared more than 25%, announced that a new CEO was being appointed and made job cuts. The stock fell 75% to its high point nearly one year ago.

Technology stocks were hit hard by higher bond yields in the last month. However, they resisted Tuesday’s skepticism. 10-year Treasury yieldThe 10-year yield rose to 1.9%, an increase that was not seen since November 2019, when it reached a record high of 1.96%. Ten-year yield ticked lowerWednesday is the last day of January’s consumer inflation readings. They are expected to continue large increases. This is the Federal ReserveAlready, the Federal Reserve has signaled that it will pivot its monetary policy to reduce historically high prices. Market participants expect at least five rate increases this year. They will begin in March.

2. Before-the-bell earnings are led by Yum Brands parent Taco Bell CVS and Taco Bell parent Yum Brands

Bloomsburg has a CVS Pharmacy.

LightRocket – Getty Images| LightRocket | Getty Images

CVS Health shares fell 2.7% in the premarket after the pharmacy chain said Wednesday that demand for Covid vaccines and at-home Covid tests lifted overall store salesThe company’s fourth quarter earnings and revenue were well above expectations. CVS has begun to overhaul its stores so that they are more health-care focused. This spring it will begin to plans to shutter about 900 locations – or 9% of the company’s roughly 10,000 U.S. stores – over the next three years.

Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken(KFC) restaurants were open in Louisville (Ky.), U.S.A. on Thursday, January 30, 2020.

Luke Sharrett | Bloomberg | Getty Images

Yum BrandsShares rose almost 1.5% on the premarket following Wednesday’s statement by the Pizza Hut, Taco Bell and KFC owner that higher profit margins had hampered profits. The result was a quarter-quarter earnings loss. Estimates were slightly higher than actual revenue. The margins of all three chain restaurants saw a decline. But, the three chain restaurants all reported higher same-store salesFor the quarter, Taco Bell led the charge with an 8.8% increase.

3. Premarket Movers: Chipotle and Lyft, Morning After Earnings

On Tuesday, October 19, 2021, a customer carried a Chipotle Bag in front of Santa Clara’s restaurant.

Getty Images| Bloomberg | Getty Images

Chipotle Mexican GrillShares rose 7.5% Wednesday morning in the premarket after Chipotle reported quarter-end earnings that exceeded expectations and revenues that met expectations. Chipotle claims its customers remained loyal to the chain of restaurants despite being under pressure. menu price increasesTo deal with the high labor and food costs. It is also expected that prices will rise again in the second half of this year, according to the company.

An individual arrives at Los Angeles International Airport and searches for ground transport. This is during the statewide day-of-action to demand that Lyft and Uber follow California law.

Mike Blake, Reuters| Reuters

LyftAfter Tuesday’s ridership report by ride-hailing company, shares saw a reduction in losses and lowered their premarket prices. below analysts’ estimates. Lyft stated that higher fares, longer trips and better customer service helped to boost quarterly earnings. The revenue also exceeded the expectations. Rival UberThe results will be released after Wednesday’s bell.

4. New York will decide fate for Covid mandates

One person with a face-mask leaves a New York City shop on January 26, 2022.

Angela Weiss | AFP | Getty Images

Governor of New York and officials in the health sector are decidingWhether to extend or end two Covid mandates in schools and in all other indoor public settings like shops, grocery stores, offices, etc. Gov. Kathy Hochul (Democrat) plans to announce Wednesday. New York would join other blue states that have made similar moves by dropping the mask orders. New Jersey will lift the indoor masking requirement in schools by March 1. California will end its indoor masking requirements for vaccine-eligible people on Monday, but it will keep them in place at schools.

5. DOJ claims it has seized more than $3.6 billion worth of allegedly stolen cryptocurrency

The sign can be seen in Washington, D.C., at the United States Department of Justice Headquarters on August 29, 2020.

Andrew Kelly | Reuters

The Justice Department stated it seizedMore than $3.6 Billion in stolen cryptocurrency was linked to Bitfinex’s 2016 hack. Authorities also detained two New Yorkers who were accused of planning to transact the stolen cryptocurrency. Officials stated that Ilya Lichtenstein (34) and Heather Morgan (31) were arrested. Morgan published an article last summer in Forbes with the headline “Experts share tips to protect your business from cybercriminals.” Her name is Morgan, an aspiring rapper. RazzlekhanShe calls herself “the notorious Crocodile on Wall Street”. You can see her rapping before the New York Stock Exchange.

— The Associated Press contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. Like a professional, follow the wider market action. CNBC Pro.

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