5 things to know before opening the stock market on Friday 10 September

The following is the most important news, trends and analysis that investors need to start their trading day:

US futures bounced back on Friday after the Dow Jones Industrial Average and S&P 500 posted their fourth straight session of losses. On Thursday, the Nasdaq saw its second day in a row. All three stock benchmarks were tracking for negative weeks as concern on Wall Street about the impact of the Covid delta variant on economic reopening persisted. As of Thursday, the Dow was at 2% of last month’s record close. The S&P 500 and Nasdaq were nearly 1% shy of their last record closed earlier this month.

Investors are also wondering about how headwinds in the economy and rising inflation could play into the Federal Reserve’s decision on when to start reducing Covid-era bond purchases. The government will report on its production price index in August at 8:30 am ET. Economists expect a 0.6% increase after a 1% jump in July. It is also seen that the rate of food core and ex food core increases by 0.6%.

Thanks to the recent build-up in house prices, extraordinarily high levels of housing equity have troubled borrowers in a much better position now than at the start of the pandemic. According to a new report by the analysis firm Black Knight, the number of active mortgage suspension plans, in which borrowers were allowed to delay their monthly payments for 18 months, more than 5% over the previous week . The fall was driven by the August expirations. Below the approximate maximum of 5 million borrowers in May 2020, there are still 1,618 million in tolerance programs, or 3.1% of all outstanding mortgages.

An exasperated president, Joe Biden, on Thursday outlined a broad plan to raise vaccination rates against Covid in the United States, pressuring private employers to vaccinate their workforce, as well as forcing federal employees, contractors and workers to fire. Health. The president’s moves received support from the American Medical Association, the National Manufacturers Association, and the Business Roundtable. However, the Republican National Committee intends to sue the Biden administration for the mandate. Also Thursday, the Transportation Security Administration said fines for travelers who fail to comply with federal mask mandates are doubled.

Biden and Chinese President Xi Jinping spoke for the first time since Friday as tensions between the world’s two largest economies sink. It was his second call among leaders since Biden took office in January, as tensions between the world’s two largest economies eased. A White House reading said that “the two leaders discussed the responsibility of both nations to ensure that competition does not conflict.” Chinese state media said Xi spoke of conditional opportunities for cooperation between the two countries on climate, covida prevention, economic recovery and major international and regional issues.

Fed regional presidents Robert Kaplan and Eric Rosengren said they would sell their individual shares as questions about trading in 2020 were turned around. Fed officials will sell all their shares by the end of the month. They will put the income into passive investments. Kaplan and Rosengren pledged not to trade shares while acting as Fed presidents. The announcements come after Fed officials faced scrutiny over investment activity in a year in which central bank shares boosted financial markets during the Covid pandemic.

– Associated Press and Reuters contributed to this report. Follow all the actions of the market as a professional CNBC Pro. Get the news about the pandemic with CNBC coronavirus coverage.