Business

5 Things to Know Before the Stock Exchange Opens on Tuesday November 16th

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

1. Inventories will grow as buyers will not be deterred by rising prices.

Traders work on the New York Stock Exchange (NYSE) on November 15, 2021 in New York.

Spencer Platt | Getty Images

2. Walmart, Home Depot: Highest Profit and Revenue Expectations.

Home Depot rose 1% premarket after the company released revised third-quarter earnings and revenues on Tuesday that exceeded expectations. Same-store sales rose 6.1% for the quarter, well above the 2.2% forecast growth as consumers continue to renovate their homes during the Covid, albeit at a slower pace than a year ago. In the third quarter of 2020, sales in the same stores grew by almost 25%.

3. Bitcoin fell to $ 60,000 due to the fall of major cryptocurrencies.

4. Taxes are not the only reason Elon Musk sells Tesla shares.

Maya Hitage | Getty Images News | Getty Images

5. Bankers and traders are set for the biggest bonuses since the Great Recession.

Wall Street road sign in New York’s financial district on November 8, 2021.

Brendan McDermid | Reuters


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