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5 Things To Know Before The Stock Exchange Opens On Thursday, October 14th

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

1. Stock futures rally after S&P 500, Nasdaq breaks 3-day loss streak

Traders work at the site of the New York Stock Exchange (NYSE), October 12, 2021.

Brendan McDermid | Reuters

2. Data on wholesale inflation, applications for unemployment benefits before the call.

Government has been absent since two key economic reports ahead of Wall Street’s opening on Thursday: September PPI and jobless claims. In the week ending October 9, the number of first-time jobless claims fell to a Covid-era low of 293,000 – less than expected. PPI header and basic PPI, which excludes food, energy and trade, grew by 8.6% and 5.9% over last year., respectively, similar to the August increase over the same period last year. Wholesale inflation on Thursday came after the release of higher consumer inflation data on Wednesday. With price pressures mounting, the social security cost of living adjustment will be 5.9% next year, the largest increase in about 40 years.

3. Shares of banks and healthcare-related companies rallied on strong results.

The pace of the earnings season accelerated on Thursday, with many banks reporting quarterly results ahead of the bell and their shares rallying premarket.

Dow Shares UnitedHealth and Walgreens Boots Alliance also reported higher-than-expected earnings and earnings. These stocks jumped in the premarket.

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4. The FDA vaccine team prepares to review the Moderna, J&J boosters.

A registered nurse applies a dose of Moderna COVID-19 vaccine to Sarasota Hospital worker Larry Hammers, 62, at Sarasota Memorial Hospital in Sarasota, Florida on September 24, 2021.

Shannon Stapleton | Reuters

5. Dramatic Increase in Foreclosures As Covid Mortgage Foreclosures Expire

fstop123 | E + | Getty Images


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