5 Things To Know Before The Stock Exchange Opens On Wednesday September 29th

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

1. The Nasdaq will rebound after falling 2.8% on moderate bond yields.

View of the New York Stock Exchange building on Wall Street in downtown Manhattan, New York.

Roy Rochlin | Getty Images Entertainment | Getty Images

2. Biden talks about a $ 3.5 trillion plan for closure and default.

The president Joe Biden canceled a trip to Chicago that was supposed to focus on Covid vaccinations so he could stay at the White House. wednesday to try and get support for his party’s $ 3.5 trillion budget plan. Democratic leaders want to use their slim majority in the House and Senate to pass a social spending package without GOP support.

  • Biden met Tuesday with opposition Senate centrist Democrats Joe Manchin and Kirsten Cinema.
  • Progress on Democratic budgetary measures could determine when the House of Representatives votes on the $ 1 trillion Senate infrastructure bill.
  • Also hanging in the balance is the urgent need to fund the federal government after the end of Thursday’s fiscal year to avoid a halt and raise the government debt ceiling in the coming weeks to avoid default.

3. Nearly 600 United employees will be laid off due to the Covid vaccination mandate.

A United Airlines passenger plane lands at Newark Liberty International Airport, NJ, USA on December 6, 2019.

Chris Helgren | Reuters

4. Lucid begins production of its flagship Air sedan ahead of customer deliveries.

People test the Dream Edition P and Dream Edition R electric vehicles at Lucid Motors’ plant in Casa Grande, Arizona on September 28, 2021.

Caitlin O’Hara | Reuters

5. Elon Musk says the US government should avoid regulating cryptocurrencies.

Elon Musk, CEO of Tesla, stands at the Tesla Gigafactory during a press conference. year.

Patrick Plehl | painting alliance | painting alliance | Getty Images

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