5 things to know before the stock market opens Monday. Jan. 3
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These are the top news, trends, and analyses that traders need in order to get started with trading.
1. The 2022 trading day looks like it will pick up from last year
Trader at the New York Stock Exchange floor, December 31, 2021.
Source: NYSE
Dow futures roseOn Monday, January 1st, more than 150 point or approximately 0.5% were traded. Futures tied to the S&P 500 and the Nasdaq pointed to even stronger moves higher at the open even as Covid cases surged above year-ago pandemic highs. Shares of TeslaAfter 2021 vehicles were delivered, the Premarket saw a 7.5% increase. This was well above estimates. Tesla’s stock rose almost 50% in the last year. This is almost double last year’s growth. S&P 500The index has seen a nearly 27% rise in 2021. This is the third consecutive positive year. It is the Dow Jones Industrial Average NasdaqAlso log three-year winning streaks21% and 21.4% respectively, for the year.
2. The week ahead includes Fed Minutes and three Reports on the Job Market
Wall Street’s Monday opening bell sounds the alarm. The clock now starts to tick on the quarter that might see its first. Federal ReserveInterest rate increases since 2018 On Wednesday, the Fed will releaseminutes of its December meeting at which central banks announced that they would speed up their withdrawals from Covid-era debt purchases. ADP has released its December report regarding hiring at U.S. businesses on Wednesday. It will be followed by Thursday’s weekly preliminary jobless claims data as well Friday’s government employment reports for the last month.
3. Tesla shares jump after fourth-quarter deliveries set a record
Tesla stated Sunday it shipped 308,600 electric vehicles during the fourth quarter of 2018 and 936.172 in total 2021. both handily beating estimates. Full-year deliveries rose 87% over 2020, when the company reported its first profit from 499 647 deliveries. Analysts predicted that Tesla would deliver 270,000 units during the quarter, with an additional 897,000 in full-year deliveries. The company will begin production at the new Austin factory, Texas, of its Model Y crossover in the coming year. The company also plans to open a second factory in Brandenburg in 2022.
4. Fauci reports that the CDC may add a Covid testing to its isolation guidelines
Dr. Anthony Fauci saidThe Centers for Disease Control and Prevention are considering including a negative test in its 5-day isolation guidelines for Americans with Covid, but not showing symptoms. The top White House medical adviser said that they will be hearing more from the CDC in the coming days. Last week’s update recommendations to reduce the isolation period from 10 days to 5 days have been met with significant resistance by the CDC. According to the Food and Drug Administration, preliminary research has shown that at-home rapid tests can detect the Omicron variant. However, it may be less sensitive.
5. Holiday travel worries force airlines to cancel even more U.S. flights
On Monday, more than 1,700 flight cancellations occurred by Airlines adding to the mass cancellationsOver the holidays. Flight-tracking website FlightAware reports that airlines cancelled more than 13,000 flights from Christmas Eve to New Year’s Day. That’s 5.6% of their scheduled flight times. Bad weather and the omicron infective syndrome that left staff disabled were blamed by airlines for the flight cancellations. This was the worst travel disruption since the outbreak. The Transportation Security Administration had to screen nearly 580,000,000 people last year. This is 79% more than 2020. But, this is only 30% more than in 2019 before Covid.
— The Associated Press contributed to this report. All market action can be followed like a pro. CNBC Pro. Find the most recent information about the pandemic here CNBC’s coronavirus coverage.
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