5 Things You Need to Know Before The Stock Market Opens on Tuesday, September 21st

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

1. The Dow rebounds after a sharp fall on Monday

The trader works on the floor of the New York Stock Exchange (NYSE) in New York, USA on Monday, September 20, 2021.

Michael Neagle | Bloomberg | Getty Images

Dow futures rebound Approximately 260 points the day after Tuesday 30 shares average More than double that drop in the September slides on Wall Street. The Dow fell 614 points, or almost 1.8%, in the worst session since July. The Dow fell 971 points on Monday’s lows. This was almost 5.7% below the daytime highs last month.Includes investor concerns risk this week’s Federal Reserve Meetings, increasing Covid cases in the US, debt cap brinkmanship in Washington, and Embarrassed Chinese developer Evergrande.. NS Nasdaq When S & P 500 Monday was the worst day since May, falling 2.2% and 1.7%, respectively. Both fell by more than 5% from the daytime highs earlier this month.

2. When the meeting begins, the federal government will get healthier housing data

On May 5, 2021, it was confirmed that a new town home was under construction while demand for building materials was rising in Tampa, Florida.

Octavio Jones | Reuters

The Federal Reserve Board of Governors Real estate market As monetary policymakers have begun a two-day September meeting on Tuesday morning.

  • August housing start Compared to the 6.2% decrease revised in July, it increased by 3.9% more than expected, and the annual rate was about 1.62 million units.
  • Building permits in August increased by 6% to nearly 1.73 million. Economists saw a 2.1% decrease. The July increase was revised slightly lower to 2.2%.

Central bankers combine that data when considering when to begin tapering large-scale bond purchases during the Covid era. Hotter inflation, Fed Chair Jerome Powell It is considered temporary and will be weighed against the economic recovery. However, Great disappointment with August employment growth You can hunt down the Fed a little longer. The central bank issued a policy statement on Wednesday, followed by a Powell press conference.

3. Democrats pair debt caps and spend on one bill

Speaker of the House Nancy Pelosi, D-Kalifu, will hold a news conference with the Democratic Party of the House at the Capitol Visitor Center on Friday, July 30, 2021, on achievements, including the Capitol Visit Act and the rest of the agenda for the year.

Tom Williams | CQ-Roll Call, Inc. Getty Images

Democratic parliamentary leader said They seek to pass a bill that would prevent the government from shutting down and suspend the US debt cap until the end of 2022. They are trying to avoid two possible crises at the same time. Congress is facing a September 30 deadline to fund the federal government.Treasury Secretary Janet Yellen He told lawmakers that if he didn’t suspend or raise his debt cap, the US would likely not be able to pay the invoice sometime in October.Senate Minority Leader Mitch McConnell, R-Ky. Has tried to force the Democrats to use the slim majority of the Senate and the House of Representatives to deal with debt caps on their own.

4. Covid, Biden to deal with the United Nations on climate

US President Joe Biden met with UN Secretary-General Antonio Guterres at the 76th UN General Assembly in New York on September 20, 2021.

Kevin Lamarck | Reuters

President Joe BidenIn his first speech to the United Nations General Assembly as Chief Executive Officer of the United States, schedule Call on allies to cooperate on issues such as Covid and climate change. The speech is scheduled for Tuesday morning. Eight months after taking office, Biden was out of sync with his allies about the chaotic end of the US war in Afghanistan. He faces differences in how to share the coronavirus vaccine with developing countries and in pandemic travel bans. Biden also France and spats Over a contract to sell a nuclear submarine to Australia.

5. J & J reveals booster data. Uber raises third-quarter outlook

Johnson & Johnson Janssen COVID-19 Vaccine Vial

Pacific Press | LightRocket | Getty Images

Johnson & Johnson It’s among the stocks in action on Tuesday’s pre-market trading. J & J’s share is that the company has a booster shot of Covid vaccine 94% effect in the US When administered 2 months after the first dose. Six months after the first shot, the J & J booster looks potentially even more protective. About 14.8 million people in the United States are vaccinated with the company’s single vaccine.

Uber CEO Dara Khosrowshahi will speak at a product launch event in San Francisco, CA on September 26, 2019.

Philippe Pacheco | AFP via Getty Images

Share Uber It rose about 6% after ride-hailing and food delivery companies revised their third-quarter outlook upwards. Uber said it currently expects interest, taxes, depreciation and adjusted earnings before amortization to range from a loss of $ 25 million to a profit of $ 25 million. Uber previously said it expects adjusted EBITDA for the third quarter to be better than a $ 100 million loss.

— 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 Tuesday, September 21st

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