5 things to know before the stock market opens on Wednesday August 25 – .

0
11
Casper Sleep, AMC Entertainment, 3D Systems et plus – .



Here are the most important news, trends and analysis investors need to start their trading day:

1. The S&P 500 seeks to add to the recording; J&J claims recall; same pop stocks

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan neighborhood of New York City on April 16, 2021.
Carlo Allegri | Reuters
A vial of Janssen COVID-19 vaccine from Johnson & Johnson
Pacific press | LightRocket | Getty Images
Dow Johnson & Johnson stock was slightly higher Wednesday before marketing after the US drugmaker said a booster of its Covid vaccine generated anti-virus antibodies “nine times higher” than seen four weeks after the single dose. J & J’s vaccine, cleared for emergency use in the United States, requires only one dose. Recipients are considered fully vaccinated two weeks after receiving the vaccine.
An AMC theater is pictured in Times Square in the Manhattan neighborhood of New York, New York, June 2, 2021.

Carlo Allegri | Reuters

2. House Democrats lead the way for passage of budget and infrastructure bill

United States House Speaker Nancy Pelosi (D-CA) arrives for a House Democratic caucus meeting amid ongoing negotiations over budget and infrastructure legislation at the United States Capitol in Washington, United States, August 24, 2021.

Jonathan Ernst | Reuters

House Democrats moved forward with President Joe Biden’s economic plans on Tuesday after breaking a deadlock that threatened to undo the party’s sprawling platform. In a vote of 220-212, the House passed a $ 3.5 trillion budget resolution and brought forward a bipartisan $ 1,000 billion infrastructure bill. The vote allows Democrats to write and approve a massive spending program without Republicans and puts the Senate-passed infrastructure plan on track for final passage in the House. The measure includes a non-binding commitment to vote on the infrastructure bill by September 27.

3. Biden to host US CEOs for cybersecurity summit

US President Joe Biden speaks in the Roosevelt Room of the White House in Washington, DC on Tuesday, August 24, 2021.

Youri Gripas | Abaca | Bloomberg | Getty Images

Biden is due to meet with senior executives from several of the largest tech, financial services, insurance, energy and education companies on Wednesday to discuss how to tackle cybersecurity threats. The event – featuring CEOs from Amazon, Apple, and JPMorgan Chase, among others – comes after the United States experienced several large-scale cyber attacks that made the public and private sectors more urgent to contain such threats. In a call with reporters, a senior administration official said the aim was to tackle the “root causes” of the attacks, such as critical infrastructure gaps and America’s 500,000 cybersecurity posts. not filled.

4. Examination of information on the origin of the coronavirus should not be conclusive

Residents of Wuhan City in China’s Hubei Province line up to take nucleic acid tests for Covid-19 on August 3, 2021.

STR | AFP | Getty Images

The unclassified version of a US intelligence investigation into the origin in China of the new coronavirus, which has swept the globe since the end of 2019 and killed nearly 4.5 million people worldwide, is expected in the coming days. The exam, ordered by Biden in May, is unlikely to give firm answers about whether it started as a lab accident or whether it happened naturally during animal-human contact. A Chinese official said on Wednesday: “If they want to blame China for nothing, they had better be prepared to accept China’s counterattack.” China was seen as hampering previous international efforts to collect key information on the ground.

5. Goldman Sachs will require everyone entering its offices to be fully immunized

People enter the Goldman Sachs headquarters building in New York, United States on Monday, June 14, 2021.

Michael Nagle | Bloomberg | Getty Images

Goldman Sachs said on Tuesday that only people vaccinated against Covid – employees and customers – can enter its buildings, starting September 7. The banking center also said, according to a corporate note sent to American workers, that everyone must wear masks in all common areas. Goldman Sachs is also implementing a mandatory weekly testing program for workers vaccinated on September 7, according to a source who declined to be identified when speaking about personnel issues. The measures, which came a day after the FDA gave full approval to Pfizer’s two-shot Covid vaccine, followed similar decrees from Morgan Stanley and Citigroup.

– The Associated Press and Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest pandemic news with CNBC’s coronavirus coverage.

LEAVE A REPLY

Please enter your comment!
Please enter your name here