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5 Things To Know Before The Stock Market Opens On Friday, January 7th

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

1. Futures fell due to weaker employment growth; inferior in terms of lower unemployment rate

Traders work in the hall of the New York Stock Exchange (NYSE) in New York, January 6, 2022.

Brendan McDermid | Reuters

2. Hiring stumbles in December, with only 199,000 jobs created.

A sign in front of a job fair for employees not vaccinated against coronavirus disease (COVID-19) in Temecula, California, USA, December 4, 2021.

Denis Sometimes | Reuters

Investors are looking at the numbers to see if they can influence the Federal Reserve’s plans to tighten monetary policy to ease price pressures. The stock market hit hard on Wednesday after the minutes of the Fed’s December meeting showed preparations for a balance sheet cut, in addition to a planned hike in interest rates and an accelerated cut in bond purchases.

3. GameStop grows on reports that it plans to go into crypto

Pedestrians pass in front of the GameStop retail store in New York on December 23, 2021.

Scott Mlyn | CNBC

4. Moderna CEO Says Another Covid Booster Vaccine May Be Required

Image by Stefan Bansel of Moderna Therapeutics from a video of the company.

Source: Modern Therapy.

5. The Supreme Court will consider vaccination rules affecting more than 80 million people.

The U.S. Supreme Court Building at sunset in Washington, DC, Thursday, December 2, 2021.

Bill Clark | CQ-Roll Call, Inc. | Getty Images

On Friday, the Supreme Court will consider two major efforts by the Biden administration to raise the country’s Covid vaccination rate amid the surge in coronavirus cases due to the omicron variant. Judges in the conservative court ready to listen to arguments on whether to allow the administration to introduce a vaccination or testing requirement for large employers and a separate vaccination mandate for most health workers. The end result in the Supreme Court is likely to determine the fate of the vaccine needs affecting more than 80 million people.

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


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