Public Health

5 issues you need to know earlier than the inventory market opens on February 26, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Stocks try to bounce off the tech-driven router on Thursday

Traders work on the trading floor of the New York Stock Exchange.


US stock futures were troubled as tech stocks tried to rebound from Thursday’s defeat, which dragged the Nasdaq down 3.5% for its worst one-day performance since October. Tesla fell slightly again in the pre-market on Friday, a day after falling 8% in a brutal week. The Dow Jones Industrial Average fell 559 points, or 1.8%, on Thursday from a record high in the previous session. The Dow had its worst day in nearly a month and the S&P 500 was down nearly 2.5%. The sell-off was due to the rapid rise in bond yields.

All three stock benchmarks tracked weekly losses. Before the last day of trading in February, the Nasdaq held onto a profit for the month, which started off strong. The Nasdaq fell nearly 7% from its record high February 12. The Dow and S&P 500 remained solidly in the green all month. However, the S&P 500 was nearly 2.7% below its last record high, also on February 12.

2. The yield on 10-year government bonds has fallen slightly from the high for the year

The 10-year government bond yield fell on Friday morning but remained above 1.4% after rising to 1.6% in the previous session, its highest level since February 2020 and more than 0.5% since late January was. The rise in 10-year return, which serves as a benchmark for mortgage rates and auto loans, was driven by expectations of improving economic conditions with coronavirus vaccine adoption and fears of higher inflation.

3rd house to hand over Covid bill; Senate official says no minimum wage

Service workers will vote in Washington on January 26, 2021, to introduce the wage increase law, which includes a minimum wage of $ 15 for workers with tips.

Ever Countess | Getty Images Entertainment | Getty Images

Inflation concerns are being fueled by the thought that the $ 1.9 trillion Covid economy, which will be passed on Friday, could overheat the economy in addition to accelerating growth. Democrats on Capitol Hill are trying to enforce their relief efforts, including raising the federal minimum wage to $ 15 an hour, without support from the GOP. However, a key impartial official, the Senate MP, ruled that Democrats cannot include the minimum wage increase in the bill. The decision means the Senate will likely pass a different version of the bill than the House and the officials will have to approve the plan a second time.

4. FDA panel votes on J & J’s single-shot Covid vaccine

A health care worker fills a syringe from a vial with a dose of the Johnson & Johnson vaccine against the COVID-19 coronavirus as South Africa continues its vaccination campaign at Klerksdorp Hospital on February 18, 2021.

Phill Magakoe | AFP | Getty Images

A key FDA vaccine advisory body will vote on Friday on whether to recommend approval of Johnson & Johnson’s Covid-19 single shot for the emergency. This would pave the way for a third preventive treatment in the US while the full FDA doesn’t – I don’t have to follow the recommendation of the vaccines committee, it often does. On similar requests from Pfizer and Moderna for vaccines, the FDA approved these companies’ two-shot regulations a day after the panel of external medical advisors endorsed the emergency approval.

5. DoorDash stock falls after the company dropped its first results since going public

A DoorDash Inc. delivery bag lies on the floor of Chef Geoff’s restaurant in Washington, DC

Andrew Harrer | Bloomberg | Getty Images

As more Americans get vaccinated and the economy continues to open fully, companies like DoorDash that have benefited from home trading could be hurt. In his first public company report, the old grocery delivery shareholder expects some of the tailwinds he has seen on home orders in the U.S. to reverse once the country gets the virus under control. Shares were down 10% on the Friday before going public. Even with that drop, DoorDash would have been up nearly 50% from its offering price of $ 102 per share in December. While DoorDash posted fourth quarter revenue of $ 970 million late Thursday, beating estimates, it also recorded an adjusted loss per share of $ 2.67.

– Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.

Related Articles