5 Things To Know Before The Stock Market Opens On Wednesday January 12th

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

1. Wall Street rallies after two days of technology recovery

Traders in the NYSE Hall, January 10, 2022

Source: New York Stock Exchange.

2. Consumer prices in December are likely to remain high

The core CPI, which excludes food and energy, rose 5.4% year-on-year in December, up from 4.9% in the previous month. The yield on 10-year Treasuries fell to about 1.74% on Wednesday ahead of the data release after jumping this year to more than 1.8% earlier this week.

3. Fed chief Powell says tougher policies are needed to contain inflation

US Federal Reserve Board Chairman Jerome Powell speaks during a reappointment hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, DC, January 11, 2022.

Graham Jennings | Reuters

4. Omicron could quickly fall in Britain and the US.

A coronavirus disease (COVID-19) patient lies intubated in his isolation ward in the intensive care unit (ICU) at Western Reserve Hospital in Cuyahoga Falls, Ohio, USA on January 4, 2022.

Shannon Stapleton | Reuters

Scientists see signals The fast-spreading variant of Covid omicron may have peaked in the UK and may be poised to do the same in the US. Omicron has proven to be so contagious that there may not be enough people to infect it, just a month and a half after it was first discovered in South Africa. The University of Washington’s own highly influential model predicts that the number of daily reported cases in the United States will reach 1.2 million by January 19 and then begin to fall sharply. According to CNBC’s analysis of Johns Hopkins University data, the latest seven-day average of new infections was 747,267.

5. Biden is sending more Covid tests to schools to keep them open.

Students leave Darwin Elementary School in Chicago’s Logan Square on Monday, January 3, 2022, the first day after winter break at Chicago public schools.

Brian Cassella | Tribune News Service | Getty Images

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