5 things to know before the stock market opens Wednesday 15 September
Here are the most important news, trends and analysis that investors need to start their trading day:
1. Dow futures flat after 30-stock average dropped 292 points
The Wall Street sign will be listed outside the New York Stock Exchange (NYSE) in New York on February 16, 2021.
Brendan McDermid | Reuters
The future of the United States was flat Wednesday, a day after the Dow Jones Industrial Average gave up gains in the open and closed 292 points, or 0.8%, its sixth day in the past seven sessions. The US&P 500 on Tuesday also saw its sixth decline out of the past seven sessions as the brutal September on Wall Street continued. The two benchmarks were on track for their biggest monthly decline since October. The Nasdaq fell for the fifth consecutive session Tuesday. A bright spot in Wednesday’s premarket was Microsoft. The Dow stock market and the big name Nasdaq rose more than 1% afterwards announced an 11% dividend increase and a $ 60 billion share repurchase program. Microsoft has also named company president Brad Smith as vice president.
2. Casino stock tanks like Macao consider stricter regulations
The Wynn Resorts logo will be illuminated as people stand next to the fountain of the Wynn Macau casino in Macau, China, on Tuesday, July 24, 2018.
Pual Yeung | Bloomberg | Getty Images
Wynn Resorts and Las Vegas Sands fell in premarket trading after falling about 10% Tuesday, as Macao began a 45-day period to consider stricter regulations on the gaming industry. Those American casino stocks have operations in the Chinese special administration region. Macao officials have said they want a “sustained and healthy development” of the world’s largest gambling center. However, investors are worried about potential changes. Shares of Wynn Macau and Sands China, listed in Hong Kong, were down about 30% overnight.
3. Democratic Gov. Gavin Newsom survives the California election
Gavin Newsom, governor of California, speaks during a campaign event at Long Beach City College in Long Beach, California, United States, on Monday, September 13, 2021.
Bing Guan | Bloomberg | Getty Images
California Democratic Gov. Gavin Newsom has survived a Republican attempt to oust him from office, according to an NBC News projection. The governor’s recall vote was the second in California history to qualify for the ballot. Newsom – who has been elected by a landslide margin for a four-year term ending in 2023 – has spent months defending the GOP-led effort, which gained traction last year over allegations that the Newsom administration he treated the state’s response to the Covid pandemic badly.
4. Biden will meet with American employers about Covid vaccines
President Joe Biden made remarks during a press conference on the grounds of the National Renewable Energy Laboratory (NREL) on September 14, 2021 in Arvada, Colorado.
Helen H. Richardson | Denver Post | Getty Images
President Joe Biden plans to meet with leading U.S. employers Wednesday at the White House to discuss the federal vaccine mandate. The meeting comes when the Biden administration drafted rules requiring large employers to have their workers vaccinated or tested weekly. Following federal agencies earlier this week, the White House said federal employees should be “completely vaccinated.” no later than November 22nd. The shooting warrant, announced last week, faces legal, political and enforcement challenges.
5. SpaceX did to make history with the first all-civilian crew
Elon Musk, CEO of SpaceX, and Jared Isaacman, CEO of Shift4 Payments, posed together at SpaceX’s headquarters in Hawthorne, California, to announce the Inspiration4 all-civilian space mission.
Four amateur space travelers, led by e-commerce billionaire Jared Isaacman, has been established for the left Wednesday will be a SpaceX missile abroad. They would become the first total civilian crew launched into Earth orbit. Isaacman, 38, the benefactor of the trip, forked an undisclosed sum to SpaceX billionaire partner and owner Elon Musk. Time magazine estimated the ticket price for all four seats at $ 200 million. Earlier this summer, Richard Branson of Virgin Galactic and Jeff Bezos of Blue Origin went into space. Musk hasn’t even gone into space.
– Reuters contributed to this report. Follow all the market action like a pro CNBC Pro. Get the latest news on the pandemic with CNBC coronavirus coverage.