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5 things you need to know before the stock market opens on Monday, September 13th

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

1. Dow was set to snap back after 5 loss sessions

The trader works on the floor of the New York Stock Exchange on August 27, 2021.

Source: NYSE

2. The House Democrats are reportedly ready to propose a tax increase

Samuel Corum | Getty Images News | Getty Images

House Democratic Party Expected to propose Significant tax increases for US businesses, wealthy Americans and investors to help pay the $ 3.5 trillion budget. The plan will raise corporate tax from 21% to 26.5% and impose an additional 3% tax on personal income above $ 5 million, according to Reuters. The Democratic Party is also considering raising the maximum capital gains tax rate from 23.8% to 28.8%. The House of Representatives will return from summer vacation on September 20th. The Senate will be back on Monday.

3. Pfizer’s Covid vaccine is on track for young children

Pfizer-BioNTech Covid-19 vaccine vials will be found at the Pop-up Vaccine Clinic in the Arleta district of Los Angeles, California, on August 23, 2021.

Robin Beck | AFP | Getty Images

Based in the United States PfizerCovid vaccine developed in collaboration with a German partner BioNTechMay be allowed for use in children aged 5-11 Immediately next monthAccording to two sources familiar with the situation that spoke to Reuters. Pfizer is expected to have sufficient research data by then to submit an application for emergency use to the FDA. The two-dose Pfizer Shot has already been used in an emergency for adolescents aged 12 to 15 years and is fully approved for people over the age of 16.

4. Chinese regulators are reportedly targeting Ant Group’s Alipay

Ant Group Co in Hangzhou, China, Wednesday, January 20, 2021. Headquarters.

Qilai Shen | Bloomberg | Getty Images

Hong Kong listed stock Alibaba It fell by more than 4% overnight after the Financial Times reported: Beijing wants to break up Ant Group’s Alipay forces the creation of another loan app. Alibaba US Stocks, Ant Group’s e-commerce affiliate was also under pressure on Monday’s premarket. China’s electric vehicle inventories have also declined after industry ministers have stated that there are “too many” EV makers in China and that sector consolidation is needed. However, EV maker XpengStable stocks in US pre-market trading.

5. Disney will only release the remaining 2021 movies in theaters.

Simu Liu starred as Xiangqi in Marvel’s “Legend of Xiangqi and Tenring”.

Disney

Disney The rest of this year’s film will only be shown in theaters, rather than being made available simultaneously on Disney + streaming services. Disney’s “Legend of Xiangqi and the 10 Rings”, Theater Only, Break through the weekend box office again Following its record Labor Day weekend debut. The Marvel Cinematic Universe “Xiangqi” has generated nearly $ 250 million in revenue worldwide and has yet to be released in China.

— Reuters and The Associated Press 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 need to know before the stock market opens on Monday, September 13th

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