5 things to know before the stock market opens Thursday, Jan. 6

5 things to know before the stock market opens Thursday, Jan. 6

Listed here are crucial information, developments and evaluation that traders want to start out their buying and selling day:

1. Wall Road appears to be like regular after Wednesday’s main Fed-driven sell-off

Dealer on the NYSE, Jan. 3, 2022.

Supply: NYSE

2. Fed puts wheels in motion for starting to reduce its massive balance sheet

Federal Reserve Board Chairman Jerome Powell waits for the beginning of a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC.

Alex Wong | Getty Images

3. Investors get jobless claims data, one day before December employment report

A job seeker leaves the job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021.

Brian Snyder | Reuters

4. Walgreens shares rise on earnings; Bed Bath & Beyond’s stock reverses

Walgreens in Oakland, Calif.

Yalonda M. James | San Francisco Chronicle | Hearst Newspapers via Getty Images

Customer shopping in a Bed Bath & Beyond store

Courtesy: Bed Bath & Beyond

Bed Bath & Beyond shares reversed losses to gains in the premarket after the home goods retailer on Thursday morning missed expectations for its fiscal third quarter. Bed Bath & Beyond, a so-called meme stock prone to volatility, reported a loss when analysts had expected a break-even result. Revenue was below estimates. The company’s CEO said a lack of inventory due to supply chain bottlenecks cost Bed Bath & Beyond about $100 million.

5. CDC backs Pfizer booster shots for kids ages 12-15 as omicron surges

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.

Tami Chappell | Reuters

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