5 Things You Should Know Before The Stock Market Opens Friday, January 7th


Here are the most important news, trends and analyses that investors need to start a trading day:

1. Futures fell after weaker than expected data on employment growth

The trader is working on the floor of the New York Stock Exchange (NYSE) in New York City on January 6, 2022.

Brendan MacDermid | Reuters

U.S. stock futures It fell on Friday after the government’s latest employment report showed much weaker employment growth than expected in December. The 10-year government bond yield Following the data, it exceeded 1.76%.

The Nasdaq Thursday Drop for 3 consecutive days After sinking 4% in the previous two sessions. The technology-intensive index was 6% off the latest record that ended in November. The S & P 500 And that Dow Jones Industrial Average It fell on Thursday and recorded losing streaks on the 3rd and 2nd, respectively. Both hit record highs earlier this week.

Share Apple It rose in the premarket on Friday. However, stocks fell 6% from Tuesday’s all-time highs, and this week’s stocks broke the $ 3 trillion market value. Apple CEO Tim Cook The company received $ 98.73 million in compensation in 2021. According to SEC filing It was released on Thursday.

2. December recruitment stumbles at just 199,000 positions.

A sign is placed in front of a job briefing for unvaccinated employees with coronavirus disease (COVID-19) on December 4, 2021 in Temecula, California, USA.

Dennis Poloi | Reuters

Ministry of Labor December Job Report Only 199,000 non-farm payrolls were added last month on Friday morning, less than half what analysts expected. The national unemployment rate has fallen to 3.9% more than expected. Average hourly wages have risen more than expected as the United States sees the fastest inflation pace in nearly 40 years.Investors are choosing numbers to see if they can impact Federal ReservePlans to tighten monetary policy to curb price pressure.The stock market was a big hit on Wednesday minutes after the Fed’s December meeting. clearly Preparing for balance sheet cuts, in addition to planned rate hikes and accelerated tapering of bond purchases.

3. GameStop soars with reports of plans to enter cryptocurrencies

Pedestrians pass in front of the GameStop retail store in New York on December 23, 2021.

Scott Mlyn | CNBC

Share GameStop 18% surge in premarket on Friday after The Wall Street Journal reports video game retailers Plan to create an NFT marketplace, Non-fungible token. According to the Journal, GameStop will also establish a cryptocurrency partnership to create games and items for the market. The report suggests that GameStop, the center of retail meme stock frenzy, will expand to one of the most hyped sectors of technology. GameStop’s share price surged nearly 700% in 2021. However, as of Thursday’s closing price, stock prices have fallen more than 70% from January 2021’s all-time high of $ 483.

4. Moderna CEO states that another Covid booster shot may be needed

An image of Stéphane Bancel from Moderna Therapeutics from a company video.

Source: Moderna Therapeutics

Effectiveness of Covid Vaccine Booster Likely to decline Over time, you may need a fourth shot next fall to increase protection. Modana CEO Stephane Bancel said Thursday at Goldman Sachs’ influential healthcare conference. Those who get boosters this fall are likely to have enough protection to survive the winter, when people gather indoors to escape the cold and the infection tends to surge, according to Bansel. However, Bansel said booster efficacy would probably decline in the coming months, similar to what happened with the first two doses of the Covid vaccine.

Supreme Court reviewing vaccine rules affecting more than 580 million people

The US Supreme Court building will be seen at sunset in Washington, Thursday, December 2, 2021.

Bill Clark | CQ-Roll Call, Inc. Getty Images

The Supreme Court on Friday will address two major efforts by the Biden administration to increase US Covid vaccination rates when coronavirus cases surge due to Omicron variants.Judge in a conservative court Set to listen to the discussion Whether the government will allow large employers to enforce vaccine or testing requirements, and whether most healthcare workers will be required to have a separate vaccine. The final result in the High Court will probably determine the fate of vaccine requirements affecting more than 80 million people.

— The Associated Press contributed to this report.Follow all market behavior like a pro CNBC Pro..Get the latest information on pandemics at CNBC Coronavirus Coverage..

5 Things You Should Know Before The Stock Market Opens Friday, January 7th

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