5 things to know before the stock market opens Friday, March 11
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These are the top news, trends, and analyses that traders need in order to get started with trading.
1. Hopes of Russia-Ukraine progress make futures leap
March 8, 2022, Traders on the NYSE
Source: NYSE
2. Russia increases military Ukraine offensive and troops approach Kyiv
After an airstrike that occurred in Dnipro, on March 11th 2022, firefighters spray water over a burned-out shoe factory.
Emre Caylak | AFP | Getty Images
Investors try to gauge the veracityRussia is reported to have made comments about Putin widened its military offensiveUkraine’s strikers struck close to airports in western Ukraine for the first-ever time on Friday. A new satellite image shows that large Russian forces are approaching Kyiv and have been moved to nearby towns. This could signal a renewed effort to attack the Ukrainian capital. Another reason for outrage is the recent attack on Mariupol, a key Ukrainian port.
3. Allies of the United States may remove Russia from its most preferred trading status
Joe Biden, the U.S. president, holds a meeting via video with state governors and business leaders to address supply chain issues, including those relating to semiconductor chips. It took place on March 9th, 2022, at the White House in Washington.
Reuters| Reuters
As the third week of the Russian invasion approaches, the U.S. along with its allies have prepared to increase their efforts in order to discredit and isolate Russia. According to media reports President Joe BidenTogether with the European Union, the G-7 and other organizations, Friday will be the day. will move to revokeRussia has the highest favored trade status. It allows the United States, along with its allies, to impose tariffs across a range of Russian products by stripping Russia from its status as a favored country. Biden placed a moratorium on Russian energy imports on Tuesday.
4. Friday is 2 years ago that Covid was first declared to be a pandemic
Laboratory technicians tested wastewater samples taken from the United States to determine if there is coronavirus disease. (COVID-19). Biobot Analytics in Cambridge, Massachusetts. February 22nd, 2022.
Reuters| Reuters
Friday marks two yearsCovid has been declared a pandemic since March 11, 2020. The novel coronavirus, which was discovered in China in 2019, has caused more than 450 million infections worldwide and more than 6 million deaths. More than 15% have occurred in the U.S. Johns Hopkins University data. The raging wave in omicron cases seems to have subsided, and over 250 million Americans have had at least one dose. according to the CDCHealth officials warn Americans to not get complacent.
5. Ford, PG&E partner on electric F-150 powering homes, grid
The Ford F-150 Lightning all-electric vehicle during an augmented reality presentation at Motor Bella Auto Show Pontiac (Michigan) on Tuesday September 21, 2021.
Getty Images| Bloomberg | Getty Images
FordWe will cooperate with Pacific Gas and Electric Co.California, to test the bidirectional charging capabilities for the F-150 Lightning. This will allow homeowners to use the electricity to recharge their homes as well as return the energy to the power grid. Ford CEO Jim Farley and PG&E CEO Patti Poppe announced the plans Thursday night at the CERAWeek energy conference in Texas. Two days ago, Poppe had announced a pilot program. General MotorsIt will make the electric vehicle capable of powering homes in an event of grid or power disruptions.
— CNBC reporters Maggie Fitzgerald, Samantha Subin, Hannah Miao, Vicky McKeever, Holly Ellyatt Michael WaylandContributed to the report. The Associated Press also provided this information, as did Reuters.
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