5 Things to Know Before The Stock Market Opens Monday

5 Things to Know Before The Stock Market Opens Monday

5 Things to Know Before The Stock Market Opens Monday. Before you start the stock market please read this. Here are the most important news, trends and analysis that investors need to start their trading day with:

1. Stock futures slightly higher following S&P 500 close and Dow close at records

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Stock futures closed slightly higher Friday after the Dow Jones Industrial Average (DJIA) and S&P 500 closed at record highs. The Dow 30 stocks gained 14.88 points Thursday to close at a record 35,499.85. The record-breaking 4,460.83 was reached by the broad S&P 500, which gained 0.3%. For the week, indexes are up 0.8% and 0.6% for Friday’s session. The Nasdaq Composite rose 0.3% Thursday, putting the tech-heavy index down just 0.1% this week. The benchmark 10-year Treasury yield was mildly lower Friday, dipping 2 basis points to 1.344%.

2. After better-than-expected earnings, Disney shares surge

Premarket trading saw Disney shares rise more than 5% Friday, as Wall Street celebrated the entertainment and media giant’s fiscal third-quarter results. According to Refinitiv, Disney’s quarterly revenue exceeded analyst expectations at $16.76 billion. Per-share earnings were 80 cents higher than projections of 55 cents. Disney+, the company’s streaming service, had 116 million subscribers at the end of the quarter, which is more than the 114.5 million expected by StreetAccount. The parks, experiences, and products division of Disney also posted a profit for the third quarter. This is its first profit since the outbreak of coronavirus in early 2013.

3. FDA approves Covid vaccine booster shots to people with weak immune systems

5 Things to Know Before The Stock Market Opens Monday
A nurse administers the Covid-19 vaccine at a baseball game on August 05, 2021 in Springfield, Missouri. According to the latest numbers from the state’s health department, little more than 4 in 10 Missourians have received the Covid-19 vaccine.
Spencer Platt | Getty Images

At a Springfield baseball game, a nurse administers the Covid-19 vaccine to a player. This was August 05th, 2021. Getty Images

The Food and Drug Administration late Thursday authorized coronavirus vaccine booster shots for people who have weakened immune systems, a decision that comes as the highly transmissible delta variant causes a resurgence in U.S. Covid cases. The Centers for Disease Control and Prevention would give the final approval to allow third shots of Pfizer BioNTech or Moderna vaccines. Friday’s meeting of the agency’s vaccine advisory panel is scheduled. They may make a recommendation. If the CDC approves, booster shots could be immediately given to immunocompromised people, providing them with an additional layer of protection against Covid. Patients with cancer or HIV, as well transplant recipients, would all be eligible.

While the FDA stressed other fully vaccinated people are “adequately protected” at present, White House chief medical advisor Dr. Anthony Fauci said earlier Thursday it is “likely” that everyone will need a booster shot down the road.

4. After warning about the delta variant impact on Airbnb, shares of Airbnb plunge

Shares of Airbnb fell more than 3% in Friday’s premarket, as investors digested the travel rental company’s second-quarter results and its warning about a potential impact from the Covid delta variant. Refinitiv reported that revenue of $1.34B exceeded analyst estimates of $1.26B, and the company lost 11c per share. Airbnb reported a 29% increase quarter-over-quarter in nights and experiences booked by 83.1 million guests, compared to StreetAccount projections of 79.2 million. Airbnb believes its third-quarter revenue will be its strongest yet, but it sent a letter to shareholders expressing concern that the delta variant could influence travel behavior.

5. U.S. will deploy 3,000 troops in Afghanistan to evacuate Embassy personnel

The Pentagon will send 3,000 troops to Afghanistan to help evacuate staff at the U.S. Embassy in the Afghan capital Kabul as Taliban insurgents advance toward the city. John Kirby, a Pentagon spokesperson, stated that this was a narrowly focused mission to safeguard the orderly reduction in civilian personnel out of Afghanistan. Kirby stated that the U.S. expects to withdraw all its troops completely by August 31. This is part of the effort to end America’s longest conflict, which began in 2001 after the September 11 attacks. The Taliban on Friday took control of Afghanistan’s second and third largest cities, according to Reuters. Since Aug. 6, the Taliban have taken control of 14 of the country’s 34 provincial capitals.

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