The following is the most important news, trends and analysis that investors need to start their trading day:
1. S&P 500 seems to add to the record; J&J promotes reinforcement; meme stocks pop
A Wall Street poster appears outside the New York Stock Exchange amid the coronavirus pandemic (COVID-19) in the New York City district on April 16, 2021.
Carlo Allegri | Reuters
A bottle of Johnson & Johnson’s Janssen COVID-19 vaccine
Pacific Press | LightRocket | Getty Images
Shares of Dow Johnson & Johnson were modestly higher in the pre-market on Wednesday after the US drug maker said a booster shot of its Covid vaccine generated antibodies against the virus “nine times more” than the observed four weeks after the single dose. The J&J vaccine, authorized for emergency use in the U.S., requires only one dose. Recipients are considered to be fully vaccinated two weeks after receiving the vaccine.
An AMC theater appears in Times Square, Manhattan District of New York City, New York, on June 2, 2021.
Carlo Allegri | Reuters
2. House Democrats pave the way for the approval of the budget bill, the infrastructure
U.S. House Speaker Nancy Pelosi (D-CA) arrives at a meeting of the House Democratic Committee amid ongoing negotiations on budget and infrastructure legislation at the U.S. Capitol in Washington, DC. August 24, 2021.
Jonathan Ernst | Reuters
House Democrats advanced President Joe Biden’s economic plans on Tuesday after breaking a stalemate that had threatened to unravel the party’s agenda. In a 220-212 vote from the party line, the House passed a $ 3.5 trillion budget resolution and advanced a $ 1 trillion bipartisan infrastructure bill. The vote allows Democrats to write and approve a massive Republican-free spending package and puts the Senate-approved infrastructure plan on a path to the final step in the House. The measure includes an unlimited commitment to vote on the infrastructure bill before September 27th.
3. Biden will host US CEOs for the cybersecurity summit
U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington, DC, on Tuesday, August 24, 2021.
Yuri Gripas | Abaca | Bloomberg | Getty Images
Biden will meet on Wednesday with top executives from several of the largest companies in technology, financial services, insurance, energy and education to talk about how to combat cybersecurity threats. The event, which features CEOs of Amazon, Apple and JPMorgan Chase, among others, comes after the U.S. experienced several major cyber attacks that have added urgency to the public and private sectors to contain these threats. In a call to reporters, a senior government official said the goal was to address the “root causes” of the attacks, such as gaps in critical infrastructure and 500,000 uncovered U.S. cybersecurity jobs.
4. The intelligence review on the origin of the coronavirus is expected to be inconclusive
Residents of the city of Wuhan in the Chinese province of Hubei line up to do nucleic acid testing for Covid-19 on August 3, 2021.
STR | AFP | Getty Images
In the coming days, the unclassified version of an American intelligence investigation into the origin in China of the new coronavirus, which has ravaged the world since late 2019 and killed nearly 4 people, is expected. , 5 million people worldwide. The review, ordered by Biden in May, is not expected to give firm answers as to whether it started as a lab accident or occurred naturally in animal-human contact. A Chinese official said Wednesday: “If they want to unfoundedly accuse China, they better be prepared to accept China’s counterattack.” China was seen as hindering previous international efforts to gather key information on the ground.
5. Goldman Sachs requires full vaccination of everyone who enters its offices
People enter the Goldman Sachs headquarters building in New York, USA, on Monday, June 14, 2021.
Michael Nagle | Bloomberg | Getty Images
Goldman Sachs said Tuesday that only people vaccinated by Covid (employees and customers) can enter its buildings, starting Sept. 7. Goldman Sachs is also implementing a mandatory weekly testing program for vaccinated workers on Sept. 7, according to a source who declined to identify himself when talking about staffing issues. The moves, which came a day after the FDA gave full approval to Pfizer’s two-shot Covid vaccine, followed similar edicts by Morgan Stanley and Citigroup.
– 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.