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5 Things You Should Know Before The Stock Market Opens Friday, December 3rd

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

1. Stock futures soar the day after the Wall Street rally

The trader works on the floor of the New York Stock Exchange (NYSE) in New York City on December 2, 2021.

Spencer Platt | Getty Images

U.S. stock futures rose On Friday, after the Ministry of Labor released November data, employment growth slowed unexpectedly and made a big mistake. But at the same time, the country’s unemployment rate was much higher than expected. Investors are weighing the number of jobs looking back on the increasing number of Covid omicron variants. Federal Reserve Certainly it will accelerate the tapering of monthly bond purchases.

NS Dow Jones Industrial Average Soared 617 points or 1.8% on Thursday Even if more Omicron cases have been reported in the United States.. The first US case reported the day before swinging the benchmark from a rise of 520 points to a fall of 460 points. After a short break on Monday, the Dow on Tuesday fell by more than 1.8%. Best stocks fell 2.5% in a holiday shortening session last Friday after it was revealed that Omicron was discovered in South Africa.

In the premarket on Friday DocuSign The next morning, it plummeted by more than 30% Issue weak forward guidance..Share Tesla Slightly rise as CEO Elon Musk Exercised more options and brought him Recent stock sale of $ 10.9 billion..Share Didi Decreased by about 10% after a Chinese ride-hailing service company announced plans Delisted from the New York Stock Exchange Pursue listing in Hong Kong instead. Stock prices have fallen more than 45% from the July IPO price.

2. November employment growth was overlooked and unemployment fell sharply

After the job fair was announced in New York on September 3, 2021, you can see the job sign on Fifth Avenue.

Andrew Kelly | Reuters

US economy Creates only 210,000 non-agricultural jobs In November, the government said on Friday. This was much lower than the predicted 573,000 readings. October was revised to 546,000. But last month the unemployment rate plummeted to 4.2%. This is a positive sign compared to the slight drop to 4.5% expected by economists. Average hourly wages, an indicator of wage inflation, increased 4.8% year-on-year in November. It was slightly lower than expected.Earlier this week, Fed Chair Jerome Powell The central bank said it could accelerate the contraction of the $ 120 billion monthly bond purchase program it undertook to support the economy during the pandemic. Powell said the Fed will discuss possible moves at its December meeting.

3. The FDA is preparing for a quick review of the Omicron vaccine, a drug, WSJ said.

Vials and medical syringes displayed in front of the US Logo Food and Drug Administration (FDA). The FDA has found the COVID-19 vaccine.

Pavlo Gonchar | LightRocket | Getty Images

The Food and Drug Administration is preparing for a quick review of Omicron-specific vaccines and treatments as needed. According to The Wall Street Journal, Quote people who are familiar with the problem. The journal also reports that agencies are meeting with pharmaceutical companies to develop guidelines on what data is needed for rapid assessment. CEO Pfizer When Modana He told CNBC on November 29 that it would take about two weeks to collect enough data to determine how mutations in Omicron affect the efficacy of current vaccines.

4. Five states in the United States, including New York and California, confirm cases of Omicron

A sign outside the hospital advertises the COVID-19 test in New York City on November 19, 2021.

Spencer Platt | Getty Images

At least 5 US states — Minnesota, Colorado, New York, Hawaii, California — Scientists are investigating whether highly mutated strains are more infectious and toxic, confirming the case of Omicron. California confirmed Omicron’s first US case on Wednesday. Public health officials in Minnesota confirmed Thursday morning the second case of Omicron in the United States, a resident who recently returned from New York City. On Thursday night, New York confirmed five cases. Democratic New York Governor Kathy Hokul said the detection of multiple incidents does not mean that the state will return to the total closure imposed at the start of the March 2020 pandemic. Told to.

5. Biden will sign short-term government spending bill

US President Joe Biden will discuss supply chain issues on December 1, 2021 at the South Court Auditorium in the Eisenhower Executive Building next to the White House in Washington, DC.

Mandelungan | AFP | Getty Images

President Joe Biden On Friday Expected to sign Newly approved short-term government spending bill. A bill passed quickly by the House of Representatives and the Senate on Thursday will prevent government closures for the foreseeable future and will provide federal funding until February 18.gain National debt cap To pay the invoice by December 15th.That’s when the Treasury Secretary Janet Yellen He said he would reach the limit. Almost two weeks behind her initial forecast for December 3rd.

— Reuters 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, December 3rd

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