5 Things You Should Know Before The Stock Market Opens Wednesday, June 16th

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

1. Stocks appear to be stable prior to post-Fed renewal

A trader on the floor of the New York Stock Exchange.

Source: NYSE

US Stock Futures It was flat prior to the conclusion of the two-day meeting of the Federal Reserve Board of Governors on Wednesday afternoon. No policy changes plannedBut Wall Street asks if the Fed still considers rising inflation to be temporary, and whether its latest view will lead to faster-than-expected rate hikes and a reduction in large-scale bond-buying programs. I want to know. After the first day of the Federal Reserve Board and another bright red inflation report S & P 500 And Nasdaq Defeated 3 consecutive wins, Dipping from records ends on Monday..The· Dow Tuesday fell for the second consecutive day. The average of 30 shares was about 1.4% off the record high closing price in early May.

2. Fed holding pattern bond yields after the latest hot inflation data

Employees are working on June 9, 2021 at a truck-producing factory in Zhangjiakou, northern Hebei Province, China.

STR | AFP | Getty Images

3. The last major piece of economic data for the federal government to consider

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

Housing start and building permit In May, the last piece of key economic data before the Fed’s decision was released Wednesday morning. New construction in May increased 3.6% to a seasonally adjusted annual rate of 1.57 million units. Building permit activity was also lower than expected, down 3% last month to a seasonally adjusted annual rate of 1.68 million. Both the start and the permit were revised low in April. In addition to the policy statement, the Fed also publishes a quarterly summary of economic CNBC’s latest Fed survey, Economists, fund managers and Wall Street strategists will not taper before January or see top-notch rate hikes from near zero levels until November 2022.

4. High Stakes Biden-Putin Summit Begins in Geneva

Russian President Vladimir Putin (left) and US President Joe Biden shake hands during a meeting at Villa La Grange.

Mikhail Metsel | TASS | Getty Images

One of the most anticipated geopolitical events of the year, the US Presidential Conference Joe Biden And the Russian president Vladimir Putin It started in Geneva on Wednesday. Summit is coming Relations between the two countries have deteriorated as the United States accused Russia of interfering with elections, human rights violations and recent cyberattacks. Russia has always denied multiple leveled accusations against it as a victim of anti-Russian sentiment in the West. Biden will meet with Putin after a surge in US diplomacy with European allies at the G7-NATO summit.

5. Study: Regeneron antibody cocktail can save hospitalized Covid patients

Regeneron Pharmaceuticals’ Corporate and R & D headquarters on Old Somil River Road in Tarrytown, NY.

Rev Ladin | LightRocket | Getty Images

Combination of antibodies made by US biotechnology Regeneron It reduces the risk of death when given to severely ill Covid inpatients whose immune system has failed to initiate a response. According to a study at Oxford University.. Dr. Scott Gottlieb told CNBC on Wednesday: [former] The president has probably fallen too. ” Donald Trump I was treated with Regeneron during my match against Covid last year. Previous studies of Regeneron cocktails in non-hospitalized Covid patients have shown that treatment reduces viral load, reduces time to resolution, and significantly reduces the risk of hospitalization or death. It has been.

Disclosure: Dr. Scott Gottlieb is a CNBC contributor and member of the board of directors of the Covid vaccine manufacturer. Pfizer, Genetic testing startup Tempus, healthcare technology company Aetion and biotechnology company Illumina..He is also co-chair Norwegian Cruise Line Holdings‘When Royal Caribbean“Healthy sail panel”.

5 Things You Should Know Before The Stock Market Opens Wednesday, June 16th

Source link 5 Things You Should Know Before The Stock Market Opens Wednesday, June 16th

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