5 things to know before the stock market opens Thursday, Jan. 20
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Investors need the following news, analysis and trends to help them start trading:
1. After Nasdaq’s correction, stocks will open higher
Traders are seen on the New York Stock Exchange’s floor in New York.
Andrew Kelly | Reuters
U.S. stock futuresOne day after the election, bounced on Thursday NasdaqIt finished in correction territory after closing down by more than 10% from November’s record-breaking close. As tech stocks are rising, they have come under severe pressure. bond yieldsCompanies will find it harder to obtain growth financing. The new trading day is approaching, and the Dow Jones Industrial AverageIt was a pleasure to ride a four-session losing streakThe S&P 500The Dow and S&P 500 have dropped three of four in the past four trading days. The Dow and S&P 500, at the end of Wednesday’s trading, were down nearly 5% and almost 6%, respectively, from their record closes this month. 8.30 a.m. ET: The weekly jobless claims data and January Philadelphia Fed manufacturing index data are now available.
2. Covid sees American, United seeing a rough start to the quarter
Before the Thanksgiving holiday, Delta Airlines and American Airlines aircrafts depart from Logan International Airport, Boston, Massachusetts.
Brian Snyder | Reuters
American AirlinesAfter the carrier’s Thursday morning report, shares rose 1% on the premarket fourth-quarter adjusted loss of $1.42 per share. Analysts were expecting a larger loss of $1.48/share. Also, revenue of $9.43 Billion exceeded estimates. American is expecting revenue to drop up to 22% in its first quarter as Covid cases increase. Its sales for the 2019 period were $10.6 billion.
On January 19, 2022, a United Airlines passenger plane will land at Newark Liberty International Airport, Newark, New Jersey.
Tayfun Coskun | Anadolu Agency | Getty Images
The bell rings Wednesday at 2:45 p.m. United AirlinesDelivered to a narrower-than-expectedThe fourth quarter’s adjusted loss was $1.60 per share. Strong holiday bookings led to a higher revenue of $8.19 million than anticipated. The carrier expects stronger summer and spring, despite a rise in Covid cases from the omicron variation. The premarket saw modestly lower United shares.
3. Netflix beats Q4 earnings almost every time, but perhaps not this year.
Netflix’s logo can be seen at their Hollywood office, California.
Reuters| Reuters
Shares NetflixThe shares fell 26% from November’s all-time high, but rose almost 1% during Thursday’s premarket. Following the bell, video streaming company Netflix is expected to report quarterly results. FactSet estimates that Netflix earned 83 cents per Share in its fourth quarter. That’s when movies like “Don’t Look Up” were released. According to Netflix, the company will continue to reap the benefits of “Squid Game,” a popular international series which debuted Sept. 17. The company’s revenue is expected to rise roughly 16%, or $7.71 billion in the fourth quarter. Netflix typically beatsThe company’s fourth quarter earnings are expected to be strong and its shares rise. Wall Street analysts predict weaker results for this quarter, but some Wall Street analysts are skeptical.
4. Fauci claims FDA may soon approve Pfizer’s vaccine to children under five
The National Institute of Allergy and Infectious Diseases director, Dr. Anthony Fauci, opens a Senate Health, Education, Labor and Pensions Committee hearing. He makes an opening speech to review the federal response (COVID-19), and any newer variants on Capitol Hill, Washington, D.C., U.S.A January 11, 2022.
Greg Nash | Reuters
White House Chief Medical Advisor Dr. Anthony Fauci saidFood and Drug Administration may approve PfizerAnd BioNTechCovid vaccination for children below 5 years of age will become available in the near future. Fauci stated Wednesday that younger children may need to be given three doses because the two-shot approach failed to produce an adequate immune response for 2- and 4-year olds. Children under five are at greatest risk because they are not eligible for vaccines.
5. Biden claims he believes Putin will invade Ukraine
U.S. President Joe Biden hosts a news conference in Washington, D.C., on January 19, 2022.
Kevin Lamarque | Reuters
President Joe BidenHe stated that Putin will order the invasion of Ukraine by Russia’s President Vladimir Putin and warned Russia that it would cause a disaster. Biden’s comments at Wednesday afternoon’s news conferenceHis first year of office was marked after intelligence agencies warned against an attack that could take place within one month. Antony Blinken, the U.S. Secretary Of State, met in Kyiv with Ukraine’s President Volodymyr Zeleskyy earlier this week. Blinken will meet Sergey Lavrov, Russian Foreign Minister in Geneva on Friday.
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