5 things to know before the stock market opens Friday, Oct. 22
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These are the top news, trends, and analyses that traders need in order to get started with trading.
1. Stock futures mixed after S&P 500’s record close
Traders in New York City work on the New York Stock Exchange floor (NYSE), U.S.A, October 20, 2021.
Brendan McDermid | Reuters
2. Intel shares fall on miss revenue, outlook warning
The preparations for the CeBit computer show include Intel’s logo.
Reuters| Reuters
Dow stock IntelPremarket Friday, which was held the morning following company reports, saw a 10% drop weaker-than-expected revenueThe third quarter. In addition to the industry shortage, Intel also blamed the 2% decline in its PC chip business. Intel said its gross margins and free cash flow will decline over the next two to three years, as it invests heavily in research and development.
3. Snap shares tumble after slowdown online advertisements
Snapchat app on a phone arranged in Saint Thomas Virgin Islands (U.S.A.) Friday, January 29, 2021
Gabby Jones | Bloomberg | Getty Images
Premarket: Social media stock prices fell, leading lower by Snap20% drop in a quarterly revenue missPrivacy changes caused disruption to its advertising business AppleIntroduced earlier in the year. Snap warned that disruptions in global supply chains and shortages of labor would reduce “the short-term appetite for additional customer demand via advertising.” The shares of Facebook TwitterAs a result, the drop in 3% and 4 percent respectively was investors worried about the online ad business
4. CDC clears Moderna, J&J boosters and mix and match
On Thursday, February 11, 2021, a person received the Moderna Covid-19 vaccination at the American Bank Center, Corpus Christi (Texas), U.S.A.
Go Nakumura | Bloomberg | Getty Images
Thursday: The Centers for Disease Control and Prevention clearedBooster shots Moderna Johnson & Johnson Covid-19 vaccines. Moderna was approved six months later for seniors and high-risk adults. It’s also in accord with Pfizer‘s booster authorization last month. The CDC endorsed a J&J booster for everyone 18 and older who received the initial shot at least two months ago. People were also allowed to combine any three of the vaccines that are approved by the CDC for US use.
5. Biden claims that corporate tax hikes are not likely in the spending bill
American President Joe Biden (R), meets attendees in a commercial break at the Baltimore Center Stage’s CNN town hall on October 21st, 2021.
Nicholas Kamm | AFP | Getty Images
President Joe BidenOn Thursday, he said that he was close to striking a dealAfter weeks of bickering between Democrats, the Democrats were able to pass important infrastructure and social spending legislation. Biden stated that it is unlikely for corporate tax rates to rise in spending bills. Biden suggested that a separate proposal for a minimum corporate tax could be used to fund social programs. Biden declined to provide further information, but said that negotiations are now focused on four to five issues.
— Reuters contributed to this report. All market action can be followed like a pro. CNBC ProThis is. The latest information on pandemics is available here CNBC’s coronavirus coverage
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