Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Shares are bullish after selling on Thursday
Traders work on the floor of the New York Stock Exchange.
NYSE
U.S. Clobeld tech stocks rallied again on Thursday after stock futures bounced back on Friday, causing the Nasdaq to fall 3%. The S&P 500, which also carries heavy tech weight, is down nearly 1.5% from its previous record. Both stock benchmarks had their worst days in almost a month. The Dow Jones Industrial Average performed well but fell 0.5% from its previous record. As of Thursday’s close, the Nasdaq and S&P 500 were lower for the week, while the Dow was higher for the week.
2. Bond market rebels as it adjusts to Fed inflation policy
Federal Reserve Chair Jerome Powell visited Capitol Hill, Washington, D.C. on December 1, 2020. Will be heard during the Senate Banking Committee hearing.
El Drago | Reuters
The Treasury’s 10-year yield pulled back on Friday, a day after hitting a 14-month high of 1.754%. Traders revolted against the Federal Reserve’s preparations to allow the economy and inflation to heat up as job markets improved. Yields barely moved on Wednesday afternoon after the Fed meeting was over, initially reacting to forecasts of no increase until 2023. Concerns of a rapid rise in yields are being driven by concerns that more cowardly stimulus on top of an already recovering economy will spur worrying inflation. The 10-year yield year started at less than 1%.
3. Nike sales estimates to be missed; Beat FedEx revenue
On February 22, 2021, Nike’s logo was seen at a Nike store in New York City.
John Smith | Corbis News | Getty Images
The Dow Stock Nike fell nearly 2% in Friday’s pre-market, with athletic footwear and apparel makers reporting financial third-quarter earnings that missed estimates. U.S. Extensive settlement and store closures in Europe hurt sales growth of 2.5% to 3 10.36 billion. Nike also warned on the outlook. However, the company posted a profit of 3 cents per share in the third quarter, exceeding the estimate of 114 cents.
On December 20, 2020, U.S. On December, 2020, Modes’ COVID-19 vaccine has been prepared at the McCasan Distribution Center, Olive Branch, Mississippi.
Paul Sancia | Reuters
FedEx, a component of the Dow Jones Transportation Average, plunged 5% in Friday’s premarket. The financial third-quarter earnings in the delivery giant after Thursday’s close were ડો 47.4747 per share, 24 cents better than expected. Revenue rose 23% to .5 21.51 billion, more than estimated. Big holiday sales offset heavy weather in February that weakened performance at many of FedEx’s major centers.
CD. The CDC says the USA administered more than 100 million covid shots
US President John Biden talks about the status of vaccinations during the Coronavirus Disease (COVID-19) response event on March 18, 2021 in the East Room of the White House in Washington, DC.
Carlos Beria | Reuters
The CDC’s vaccine tracker, updated at night, showed Friday morning that U.S. 115.7 million Covid vaccine doses are given in, which reaches President B Biden’s initial 100 million shots ahead of schedule in the first 100 days of the way fee. Last week, Biden said he expects to reach the goal on the 60th day. It happened on the 57th day. U.S. With the vaccination in, the Biden administration on Thursday outlined plans to give a limited number of vaccine doses to Canada and Mexico.
B. The first US-China meeting under Biden got off to a tough start
U.S. Secretary of State Anthony Blinken speaks as he confronts Yang Jiechi, director of the Central Foreign Affairs Commission’s Office of Foreign Affairs, and Chinese Foreign Minister Wang Yi during the opening session of the U.S.-China talks at the Captain Cook Hotel in Angora, Alaska on March 18. , 2021.
Frederick J. Brown | AFP | Getty Images
U.S. under Biden’s administration And the first high-level meeting of Chinese officials began with a flurry of insults at a pre-meeting press event in Alaska on Thursday. The four-minute photo session scheduled for officials to address reporters lasted an hour and 15 minutes due to the diagonal exchange, according to NBC News. Expectations for the two-day talks, which end on Friday, were already low.
– The Associated Press contributes to this report. Get the latest on epidemics together CNBC’s Coronavirus Blog.
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