5 Things You Should Know Before The Stock Market Opens Friday, October 8th


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

1. Stock futures bounce after disappointing employment reports

The trader works on the floor of the New York Stock Exchange (NYSE) in New York City on October 6, 2021.

Brendan MacDermid | Reuters

US Stock Futures It bounced around Friday after the government’s September employment report fell far below expectations. NS 10 year financial yield Deleted following the job data About 1.56% transactions.. On Thursday, the market focus shifted from rising bond yields to debt cap trading from Washington. NS Dow Jones Industrial Average, NS S & P 500 And that Nasdaq Everything went up about 1% Record 3 consecutive win days And get three stock benchmarks on track to win the first full trading week in October. The strong rise last Friday wasn’t enough to turn the tide of the worst week for the S & P 500 and Nasdaq to return to February and the Dow to return to early September.

2. Employment growth last month was well below August reading.

People will receive information when attending a job fair at SoFi Stadium on September 9, 2021 in Inglewood, CA.

Patrick T. Fallon | AFP | Getty Images

Friday’s job report Federal Reserve Decide whether to delay its large Covid era bond purchase program, Only 194,000 non-farm payrolls created During September. The consensus estimate required an additional 500,000. The number of headlines was hit by a 123,000 reduction in government salaries. However, personal salaries increased by 317,000. ADP’s view on private sector employment trends released Wednesday, Showed a vigorous recruitment pace Despite concerns about soaring prices last month COVID Case. According to the Ministry of Labor, the national unemployment rate fell to 4.8% last month, compared to a 5.1% forecast last month. August employment growth Revised significantly higher It will increase by 131,000 positions to 366,000.

3. The Senate passes the short-term increase to the debt cap, and the House of Representatives votes next

Wednesday, October 6, 2021, US Capitol Building in Washington, DC, USA.

Stephanie Reynolds | Bloomberg | Getty Images

Senate approved A compromise that will allow a short-term $ 480 billion increase in the country’s debt cap on Thursday night. That total will continue until December 3, according to Treasury estimates.The law has now moved to the House of Representatives, where the chairman Nancy Pelosi, D-Calif. Will be featured in the next few days. While avoiding the unprecedented US default of October 18 approaching, the bill will give Democrats almost two months to understand how to raise debt limits through the settlement process without a Republican vote. Give

4. US oil will be close to $ 80 a barrel as natural gas prices skyrocket

Workers extract oil from wells in the Permian basin of Midland, Texas.

Benjamin Lowi | Getty Images

US oil prices measured by West Texas Intermediate Crude Oil, Friday morning Inch closer Up to $ 80 per barrel. The last WTI high was November 3, 2014. As of Thursday’s settlement price, US oil futures rose about 3.2% this week. If in doubt The US government will release crude oil from its strategic stockpiles in the short term.

Natural gas priceAlthough low on Friday, Europe and Asia have repeatedly hit record highs as they compete for available liquefied natural gas. Europe buys because of concerns that it may not have enough LNG stored for the winter. Asia buys to meet insatiable demand.

5. Elon Musk says Tesla will relocate its headquarters from California to Texas

Tesla CEO Elon Musk is standing at the Tesla Gigafactory foundry during a press event. Year.

Patrick Pururu | Image Alliance | Image Alliance | Getty Images

Tesla Formally Headquarters relocation CEO from Palo Alto, California to Austin, Texas Elon Musk It was announced at the company’s 2021 annual shareholders meeting. In April 2020, in Tesla’s earnings announcement, Musk called California government officials a “fascist” in abusive rants for temporary Covid-related health orders. In 2020, Musk personally moved from Los Angeles, where he lived for 20 years, to the Austin area. However, Tesla plans to increase production at its California plant regardless of the relocation of its headquarters.

— Reuters contributed to this report.Follow all market behavior like a pro CNBC Pro..Get the latest pandemic information at CNBC Coronavirus Coverage..

5 Things You Should Know Before The Stock Market Opens Friday, October 8th

Source link 5 Things You Should Know Before The Stock Market Opens Friday, October 8th

The post 5 Things You Should Know Before The Stock Market Opens Friday, October 8th appeared first on Eminetra.


Please enter your comment!
Please enter your name here

Share post:


More like this

BMW explains why the i7 series and the 7 series are almost the same

BMW And arch rivals Mercedes-Benz We took two different...

“Police aren’t doing anything”: Parents yelled at police to enroll in a Texas school | Texas School Shooting

Texas law enforcement agencies are scrutinizing the response to...

Breaking: First Quarter GDP Declined 1.5%

The Biden economy declined 1.5% in the first quarter...