Below are the most important news, trends and analyzes that investors need to start their trading day:
1. Dow futures jump after first Tuesday winning and reselling
Traders on the floor of the New York Stock Exchange
Source: NYSE
The Dow will rise 200 points on Wednesday after last day’s sales invested strong gains in Tuesday’s session. Leaving its peak days since November, the 30-day stock on Tuesday fell 0.5% and the Nasdaq fell 1.7% as technology stocks retreated. The S&P 500 fell 0.8%, a day after its biggest one-day advance since June.
The latest ADP report on private sector employment will be released at 8:30 am ET, one hour before Wall Street opens. U.S. companies are expected to have added 225,000 new jobs in February compared to January, with 174,000 positions. The ADP has not been the best predictor of the government’s monthly employment report, which is released on Friday.
2. The Senate will soon begin debate on a $ 1.9 trillion Covid aid bill
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters in the Senate reception room during the second day of Trump’s second impeachment trial in Washington on February 10, 2021.
Brandon Bell | Swimming pool | Reuters
The Senate is expected to begin debate as early as Wednesday on its version of the $ 1.9 trillion Covid aid bill. However, it excludes an increase in the federal minimum wage to $ 15 per hour. President Joe Biden on Tuesday urged Democrats to stand together and pass the measure, even as some party moderates tried to re-mark parts of the package. Democrats, with the thinnest margins in the Senate, use special rules that would allow them to pass the bill without the support of the Republican Party.
3. The United States will have enough Covid vaccines for “all adults” by the end of May
A member of the United States Armed Forces administers a COVID-19 vaccine to a police officer at a FEMA community vaccination center on March 2, 2021 in Philadelphia, Pennsylvania.
Mark Makela | Getty Images
The United States will have a sufficient supply of coronavirus vaccines to inoculate “all American adults” by the end of May, two months earlier than previously expected, Biden told the White House on Tuesday. The announcement came as the administration is working to increase Johnson & Johnson’s one-shot vaccine production, and rival Merck agrees to show up.
Republican governors in Texas and Mississippi announced Tuesday that they are lifting mask mandates in their states and allowing companies to reopen at full capacity, even as the decline in new daily Covid-19 cases slows. . CDC Director Dr. Rochelle Walensky warned states on Monday not to lift public health restrictions too quickly.
4. America’s largest companies push the path to the citizenship of the “Dreamers”
Protesters gathered outside the U.S. Supreme Court as judges planned to hear oral arguments in consolidating three cases before the court over the Trump administration’s proposal to end the Deferred Action for Arrivals program. in Children (DACA) in Washington, USA, on November 12, 2019.
Jonathan Ernst | Reuters
5. Stocks to See: Rocket Companies, Las Vegas Sands, Oscar Health
Rocket companies fell 6% in pre-market trading after more than doubling in the last three sessions. On Tuesday, parents Quicken Loans and Rocket Mortgage rose more than 71% with no apparent news. Very short stocks appear to have generated bullish interest from day traders on the Reddit WallStreetBets forum.
Casino operator Las Vegas Sands said Wednesday it would sell its real estate and operations in Las Vegas to private equity giant Apollo Global Management for about $ 6.25 million. Properties include the Venetian Resort Las Vegas and the Sands Expo and Convention Center. Shares of Las Vegas Sands rose nearly 3% in the premarket. Apollo fell nearly 1%.
Oscar Health will debut on the New York Stock Exchange on Wednesday. The health insurance startup, backed by Google’s parent Alphabet, had an initial public offering price on Tuesday evening at $ 39 per share, above the already projected increase of $ 36 to $ 38. The IPO offers Oscar Health a market value of $ 7.7 billion before trading.
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