Below are the most important news, trends and analyzes that investors need to start their trading day:
1. The Nasdaq will recover as the Dow contests a three-day rally
Traders on the floor of the New York Stock Exchange.
Source: NYSE
2. Tesla shares bounce back after five sessions, 21% of sales
In this photo illustration, you see a Tesla logo displayed on a smartphone with the bag graphic in the background.
Omar Marques | LightRocket | Getty Images
Shares of Tesla rose about 5% in the pre-market on Tuesday after falling 21% in five consecutive days. Shares, which still rose 300% in the last twelve months, were out of 36% from January’s all-time highs. Elon Musk’s electric car maker, which is no stranger to wild swings, saw bearish markets shrink in both March and September 2020. Cathie Wood, founder of Ark Investment Management, a leading investor and believer Tesla told CNBC on Monday that it is not worried about the recent drop in its funds and that the bullish stock market is simply expanding to include more strategies, such as stock.
3. GameStop is increasing again with the focus on e-commerce
A man speaks on his phone in front of GameStop on 6th Avenue on February 25, 2021 in New York City.
John Smith | Corbis News | Getty Images
Shares of GameStop added another 11% to the pre-market on Tuesday after closing 41% at $ 194 each. Monday’s strong rally came after Ryan Cohen, a major shareholder and board member of GameStop, was approved to lead the video game retailer’s shift to e-commerce. Cohen, also co-founder of online pet retailer Chewy, invested in GameStop last year, which helped spark the wild Reddit-powered ride of the stock earlier this year. The Senate Banking Committee is scheduled to hold a hearing on the GameStop saga Tuesday morning.
4. The House is ready to vote on the $ 1.9 trillion covid Democrats’ stimulus
U.S. Senate Majority Leader Chuck Schumer (D-NY) talks about coronavirus disease relief legislation (COVID-19) recently passed by the U.S. Senate during a news conference in Manhattan in New York, March 8, 2021.
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The House plans to pass the $ 1.9 trillion coronavirus relief bill from Democrats this week, following Senate approval Saturday. President Joe Biden is expected to sign the legislation before federal unemployment programs expire on Sunday. The plan includes additional unemployment benefits, rental assistance, Covid vaccination funds and direct payments of up to $ 1,400 to most Americans, which will begin coming out this month. When the House approved a different version of the plan last month, no Republican backed it and two Democrats opposed it.
5. The CDC publishes the first guidelines for fully vaccinated individuals
Barbara Comer, 90, receives her second filming of CVS pharmacist Sheila Esgro’s Pfizer BioNTech COVID-19 vaccine during a clinic at The Watermark in Bellingham in East Goshen on Wednesday.
Pete Bannan | MediaNews Group | Getty Images
In publishing its first guide for people who have been completely vaccinated against Covid, the CDC said immunizers can safely visit other vaccinated people indoors without wearing a mask or distancing themselves socially. Vaccinated people can also visit some unvaccinated people without masks or social distances. However, the CDC said everyone should refrain from traveling. Someone is considered to be fully vaccinated two weeks after a single shot of the newly licensed Johnson & Johnson vaccine or two weeks after the second shot of Moderna or Pfizer dose regimens.
– Get the news about the Covid pandemic with CNBC’s coronavirus blog.