5 things to know before the stock market opens on Tuesday, August 31st

Below are the most important news, trends and analyzes that investors need to start their trading day:

US futures held steady on Tuesday, the last day of August, with the S&P 500 following a seventh consecutive monthly gain, the longest monthly winning streak since December 2017. The S&P 500 and the Nasdaq they closed again at record highs Monday. The Dow fell slightly, bringing the average of 30 shares to just over 0.6% of its last record closed earlier this month. The Dow and Nasdaq were also poised for solid gains for August.

Shares of Zoom Video Communications plunged more than 14% in Tuesday’s premarket, a drop that would erase 2021 gains and then some. While surpassing estimates with revenue and quarterly earnings, stocks were under pressure to curb growth from meteoric levels seen as the Covid pandemic began in 2020. Zoom also provided guidance that basically matched the estimates.

South Korea’s parliament on Tuesday passed a bill to curb Alphabet’s Apple and Google’s payment policies that force developers to use only proprietary billing systems from tech giants. The measure, when subscribed to by law, will make South Korea the first country to prosecute major app store operators, who may charge 30% commissions for transactions from the app. Regulators around the world are focusing on a level playing field, and analysts see the South Korean measure as a possible first step toward greater control of other countries.

President Joe Biden is scheduled to address the nation on Tuesday afternoon over his decision not to extend the U.S. mission to Afghanistan. The United States has ended its evacuation efforts from Kabul airport, ending America’s longest war. The nearly two-decade-long conflict began shortly after the September 11, 2001 terrorist attacks. In the final weeks of the diplomatic withdrawal and U.S. troops from Afghanistan, civilian government fell to the Taliban. . On Thursday, ISIS-K group terrorists killed 13 members of the US service and dozens of Afghans in an attack outside the airport. U.S. forces retaliated and launched strikes.

According to officials, the power outages of Hurricane Ida could take weeks to resolve in parts of Louisiana. Ida ravaged the region’s power grid, leaving the entire city of New Orleans and hundreds of thousands of other Louisiana customers in the dark. Power outages and widespread flooding on Tuesday halted energy companies’ efforts to assess damage to oil production facilities, ports and refineries, many of which were closed before the storm.

A wildfire ravaged Lake Tahoe on Tuesday, hours after it ordered the evacuation of the entire California tourist city, South Lake Tahoe. Communities on the Nevada State Line were warned to prepare to leave. The fire threat is so widespread in the region that the U.S. Forest Service announced Monday that all of California’s national forests would be closed until Sept. 17.

A CDC scientist said Monday that the data needed to properly assess Covid vaccine boosters for the general population is limited, even as the president pressures health officials to eliminate additional traits for a wide distribution from of the week of September 20th. vaccination should be a “top priority,” as adding the delivery of booster doses to vaccinated people should not deter the spread of people who remain unprotected from the virus. Biden said Friday that U.S. regulators are considering administering Covid booster shots five months after people finish their primary vaccines.

– 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.