5 issues to know earlier than the inventory market opens Tuesday, Jan. 11

Dot-com bubble dynamic may drive S&P 500 above 5,500: Julian Emanuel


Listed here are a very powerful information, traits and evaluation that buyers want to start out their buying and selling day:

1. Wall Avenue seems larger after Monday’s main tech inventory rebound

Merchants on the ground of the NYSE, Jan. 10, 2022.

Supply: NYSE

2. Senate panel to consider Powell’s renomination as Fed chief

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

Richard Clarida, Vice Chairman of the Federal Reserve, during the annual symposium in Jackson Hole, Wyoming on August 23, 2019.

Gerard Miller | CNBC

Fed Vice Chairman Richard Clarida said Monday he’ll be departing his post with just a few weeks left on his term, following scrutiny over his stock fund trades during the Covid pandemic. Two regional Fed presidents, Eric Rosengren of Boston and Robert Kaplan of Dallas, both resigned after questions arose over their trading activities.

3. GameStop has had a wild ride in year since meme stock craze began

However, the stock closed that day at $193.60 en route to a recent low close of $40.59 on Feb. 19, 2021. GameStop did make it back above $300 per share in June. But the trend since then has generally been lower. The company did get some pops along the way, including Friday on plans to create a marketplace for NFTs, nonfungible tokens. But the stock closed Monday at $131.

4. Average daily new Covid cases are up 50% over the past week

A healthcare worker administers a Pfizer-BioNTech Covid-19 vaccine to a child at a testing and vaccination site in San Francisco, California, U.S., on Monday, Jan. 10, 2022.

David Paul Morris | Bloomberg | Getty Images

The U.S. is averaging about 754,000 new Covid cases per day over the past week, according to data compiled by Johns Hopkins University, because the omicron variant continues to rage throughout the nation. That features a report of greater than 1.4 million new Covid instances Monday, a few of which occurred over the weekend when many states halt knowledge reporting. The nation is reporting a mean of about 1,650 each day deaths, which has additionally been on the rise however roughly half of the height ranges seen right now final 12 months, earlier than vaccines have been extensively accessible.

5. There is a new rating of America’s high ESG shares and a brand new No. 1

Paul Tudor Jones, founder and CIO of Simply Capital.

Adam Jeffery | CNBC



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *