Business

5 Things To Know Before The Stock Exchange Opens On Thursday, January 6th

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

1. Wall Street looks stable after a major sell-off on Wednesday caused by the Fed.

Trader on the NYSE, January 3, 2022

Source: NYSE

2. The Fed is setting the wheels in motion to begin shrinking its huge balance sheet.

3. Investors receive data on claims for unemployment benefits the day before the December employment report.

A job seeker leaves the airport job fair at Logan International Airport in Boston, Massachusetts, USA on December 7, 2021.

Brian Snyder | Reuters

4. Walgreens Shares Rise On Profits; Bath & Beyond bed reversing

Walgreens in Oakland, California.

Yalonda M. James | The Chronicles of San Francisco | Hirst Newspapers via Getty Images

Shopping at the Bed Bath & Beyond Store

Credit: Bed Bath & Beyond

Shares in Bed Bath & Beyond beat premarket losses after the home furnishings retailer Thursday morning fell short of expectations for its fiscal third quarter. Bed Bath & Beyond, the so-called volatility meme fund, reported losses when analysts were looking for a breakeven result. Revenue was lower than estimated. The company’s CEO said the lack of inventory due to supply chain bottlenecks cost Bed Bath & Beyond about $ 100 million.

5. CDC supports Pfizer booster injections for children aged 12-15 due to omicron surges.

Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.

Tami Chappell | Reuters


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