Here are the most important news, trends and analyzes that investors need to start their trading day:
1. The Dow will rise slightly after the record closes on Friday
Traders will be listed on the New York Stock Exchange (NYSE) on October 15, 2021 in New York.
Spencer Platt | Getty Images
2. Bitcoin rose to a new high after last week’s record level
Bitcoin rose to $ 63,000 on Monday as it fell below $ 67,000 on Wednesday. Last week’s record-breaking rise for Bitcoin came with a 5% increase in the first stock of the bitcoin-futures stock exchange in the U.S., boosting the excitement of crypto. ProShares Bitcoin Strategy ETF, which sold like bitcoin itself on Thursday and Friday, rose about 3% in Monday’s market trade. In April, the highest figure in Bitcoin history coincided with another milestone for digital assets: the debut of the Coinbase crypto exchange on the Nasdaq.
3. Facebook is reportedly outraged by the content directed to the right
The Facebook logo and promotional chart are reflected in the image taken on October 4, 2021 through broken windows.
Considering Ruvich |
Facebook shares fell less than 1% in pre-market trading after a 5% decline on Friday. As the social media controversy continued, the Wall Street Journal reported Monday morning that internal evidence of working with right-wing content was detailed. Also on Monday, former Facebook analyst Franc Hougen plans to answer questions from UK lawmakers who are working on the law to strengthen the power of social media companies. This is Hughen’s second appearance before lawmakers since he testified in the U.S. Senate earlier this month.
4. Big Tech, more Dow shares will drive earnings this week
Facebook is due to report earnings after the call on Monday, which will announce the quarterly results of Big Tech companies such as Apple, Microsoft, Alphabet and Amazon. About 30 percent of the S&P 500 companies will make a profit this week. One-third of the Dow report includes Caterpillar, Coca-Cola, Merck, Boeing and McDonald’s. Nearly 84 percent of the companies reported reported beating expectations. According to Refinitive I / B / E / S data, actual reports and accounts show revenue is expected to increase by 34.8% over the previous year.
5. Manchin agrees to a wealth tax for the Biden plan
Senator Joe Manchin (D-WV) speaks to reporters outside the U.S. Congress on September 30, 2021 in Washington.
Kevin Diets | Getty Images
Senator Joe Manchin, DW.Va, seems to be on the White House’s proposals to pay new taxes to billionaires and some corporations to help President Joe Biden pay for his expanded social services and climate change package. . Biden met with Mancin and Senate Majority Leader Chuck Schumer at the president’s home in Delaware on Sunday as they worked to resolve party disputes between centrists and progressives.
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