Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Stock futures rise after S&P 500, Nasdaq breaks 3-day losing streak
Traders will be listed on the New York Stock Exchange (NYSE) on October 12, 2021.
Brendan McDermid |
2. Wholesale inflation data, unemployment claims before calls
The government will release two key economic reports at 8:30 a.m.: the September producer price index and initial unemployment claims. Economists expect unemployment benefits to fall to 318,000 for the first time for the week ending Oct. 9, with PPI and core PPI excluding the food and energy sectors expected to remain high, with wholesale inflation on Thursday following consumer inflation on Wednesday. . information. With rising price pressures, social security living costs will be 5.9% next year, the biggest increase in 40 years.
3. Revenue reports on Thursday will be managed by banks, health-related companies
Earnings picked up on Thursday, with a bunch of banks reporting quarterly results ahead of the call and their shares rising in pre-market trading.
Shares of Dow UnitedHealth and Walgreens Boots Alliance also reported better earnings and earnings than expected. These stocks have risen in the market.
4. The FDA Vaccine Panel is ready to review Moderna, J&J boosters
The FDA’s vaccination advisory group met Thursday to discuss strengthening Moderna’s two-time Covid regimen. On Tuesday, FDA scientists rejected the position. The agency team will then meet on Friday to review Johnson and Johnson’s one-time vaccine and mixed and customized vaccine data. A NIH study released on Wednesday shows that J&J buyers are better off getting an amplifier from Pfizer or Moderna. Also on Wednesday, the FDA said J&J data would show recipients benefit from an additional dose. Last month, Pfizer’s two-axis vaccine booster was approved for some groups of people.
5. When a Covid mortgage loan expires, the amount of collateral increases
Mortgages began to accelerate as programs to help government and private sector homeowners overcome the economic downturn of the Kovid pandemic came to an end. Mortgage lenders began the process of mortgaging 25,209 properties in the third quarter, up 32% from the second quarter. That’s up 67 percent from the third quarter of 2020, compared to the same period last year, according to Attom Mortgage Data. California, Texas, Florida, New York and Illinois were the states with the most new mortgages.
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