5 things to know before the stock market opens on Wednesday, November 3rd

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

1. Wall Street is waiting for the Fed’s decision after another record day

Traders on the NYSE

Source: NYSE

2. Lots of big premarket promotions: LYFT, BBBY, ZG, CAR.

3.Covid Outperforms Quarterly Results With Covid Vaccines

4. The CDC finally approves the Pfizer Covid vaccine for children 5 to 11 years old.

5. Tough night for Democrats in Virginia and possibly New Jersey.

Republican Governor’s nominee Virginia Glenn Youngkin speaks at an election night party at a hotel in Chantilly, Virginia, USA, November 3, 2021.

Jonathan Ernst | Reuters

Glenn Youngkin, wealthy Republican businessman, won the hotly contested election for governor of Virginia, beating Democrat player and former governor Terry McAuliffe in a race that attracted nationwide attention, according to NBC News forecast.

  • Potentially even more worried about DemocratsThe New Jersey gubernatorial race between incumbent President Phil Murphy and Republican Jack Chiattarelli was still too close to be called.
  • Democrat Eric Adams, a former police captain, was elected mayor of New York. He will be the city’s second black mayor.

– NBC News, Associated Press and Reuters contributed to this report. Follow all market activities like a pro CNBC Pro… Get the latest news on the pandemic with CNBC Coronavirus Coverage

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