Business

5 Things You Should Know Before The Stock Market Opens Monday, October 25th

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

1. After a record closing on Friday, the Dow was set to rise slightly

The trader works on the floor of the New York Stock Exchange (NYSE) in New York City on October 15, 2021.

Spencer Platt | Getty Images

2. Bitcoin resumes March highs after last week’s all-time high

Bitcoin Monday was high and rose Back to $ 63,000 It was sold afterwards, just below Wednesday’s record high of $ 67,000. The move to record Bitcoin last week took place when the first Bitcoin futures exchange-traded fund in the United States rose 5%. This is an important development that has stimulated the excitement of cryptocurrencies. NS ProShares Bitcoin Strategy ETFJust as Bitcoin itself sold on Thursday and Friday, Monday’s pre-market trading rose about 3%. Bitcoin’s record high in April coincided with another milestone in digital assets, crypto exchange. CoinbaseDebut on Nasdaq.

3. Facebook is reportedly worried about right-wing content internally

The Facebook logo and stock chart are displayed through the broken glass in this figure taken on October 4, 2021.

Daddle Bitch | Reuters

Share FacebookFollowing a 5% drop on Friday, pre-market trading fell less than 1%. Social networks continue to get caught up in controversy The Wall Street Journal Report Monday morning, we’ll elaborate on an internal discussion about the handling of right-wing content.Also on Monday, former Facebook data scientist turned to whistleblower Franceshausen Will answer the question From a British lawmaker working on legislation to curb the power of social media companies. It will be Hogen’s second appearance before lawmakers after she testified in the US Senate earlier this month.

4. Big Tech, more Dow Jones leads this week’s earnings

Facebook will report revenue After the bell on Monday, we will start a crash of quarterly results from Big Tech. Apple, Microsoft, alphabet When Amazon.. About 30% of S & P 500 companies are making money this week.Includes one-third of Dow reports Caterpillar, Coca Cola, Merck, Boeing When McDonald’s.. Nearly 84% of the companies already reported are above estimates. Based on actual reports and estimates, according to Refinitiv’s I / B / E / S data, revenue is expected to increase by 34.8% over last year so far.

5. Manchin is reported to agree to Biden’s wealth tax

Senator Joe Manchin (D-WV) speaks with a reporter outside the US Capitol in Washington, DC, September 30, 2021.

Kevin Deechu | Getty Images

Holdout Sen. Joe Manchin, DW.Va. Seems to be in favor of the White House’s proposal for new taxes on billionaires and certain businesses to help pay the president. Joe BidenReduced Social Welfare and Climate Change Package, According to the Associated Press..Biden flocked to Manchin and Senate leader Chuck Schumer, DN.Y. To work on resolving a party dispute between centrists and progressives who stalled a wide range of bills at President Delaware’s house on Sunday.

— 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 Monday, October 25th

Source link 5 Things You Should Know Before The Stock Market Opens Monday, October 25th

Back to top button