Business

5 Things To Know Before The Stock Exchange Opens On Thursday, November 18th

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

1. Dow should rally slightly after strong gains have failed to inspire

Traders work on the New York Stock Exchange in New York.

Michael Nagle / Bloomberg via Getty Images

2. Shares of Macy’s and Kohl’s rose sharply on the back of strong quarterly results.

3. Shares of Nvidia and Cisco parted in the opposite direction after deducting profits.

Dow Cisco Systems, which rose nearly 27% in 2021 as of Wednesday close, fell more than 8% in premarket the morning after the computer networking company missed quarterly revenue and posted weaker-than-expected , forecast forecasts. Cisco CEO Chuck Robbins has accused of limiting the supply. The company did beat earnings per share forecasts for the three months ended October 30.

4. AstraZeneca claims that the drug based on antibodies against Covid is more than 80% effective.

AstraZeneca reports that its cocktail of antibodies, AZD7442, produced results that are considered positive for Covid-19 during phase III clinical trials.

Gerard Bottino | SOPA Images | LightRocket | Getty Images

5. Deere workers approve the contract proposal and end the strike.

Workers picket outside the John Deere Harvester Works on October 14, 2021 in East Moline, Illinois.

Scott Olson | Getty Images

Deere & Co. approved a new contract late Wednesday night, an immediate 10% hike and an end to the monthly strike of more than 10,000 employees. United Auto Workers said 61% of its members approved the latest deal with the tractor manufacturer, although the new offer was strikingly similar to the offer most workers rejected two weeks ago. Deere shares rose nearly 2% in premarket Thursday. In 2021, stocks are up about 30%.

– The Associated Press contributed to this report. Monitor all market activities like a pro. CNBC Pro… Get the latest news on the pandemic with CNBC Coronavirus Coverage


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