THE ON DECK NEWS

THE ON DECK NEWS DAILY

Menu
  • Terms and Conditions
  • Privacy Policy
Menu

5 issues it’s best to know earlier than the inventory market opens on Thursday October 14th

Posted on October 14, 2021 by

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

1. Stock futures rise to S&P 500, Nasdaq broke 3-day losing streaks

Traders operate on the floor of the New York Stock Exchange (NYSE) on October 12, 2021.

Brendan McDermid | Reuters

2. Wholesale inflation data, unemployment claims before the bell

The government is releasing two key economic reports ahead of Wall Street opening Thursday: the September producer price index and initial jobless claims. Initial applications for unemployment benefits fell to a Covid-era low of 293,000 in the week that ended October 9, fewer applications than expected. The headline PPI and core PPI (excluding the food and energy sectors) rose 8.6% and 5.9% year over year, respectively, similar to August year-over-year. Thursday’s wholesale inflation came after Wednesday’s increased consumer inflation data. Given mounting price pressures, the cost of living adjustment from social security will be 5.9% next year, the largest increase in about 40 years.

3. Banks and health-related companies have rallied on strong results

The pace of the earnings season accelerated Thursday as a number of banks reported quarterly results before the bell and their stocks rose higher in pre-trading hours.

Dow stocks UnitedHealth and Walgreens Boots Alliance also reported better-than-expected earnings and sales. These stocks jumped in the premarket.

4. FDA Vaccine Panel Preparing to Consider Moderna, J&J Boosters

A registered nurse applies on 24.

Shannon Stapleton | Reuters

The FDA’s Vaccine Advisory Group will meet on Thursday to consider a refresher on Moderna’s two-shot Covid therapy. FDA scientists declined to comment on Tuesday. The agency’s panel will then meet on Friday to consider a refresher on Johnson & Johnson’s single-dose and mix-and-match vaccine dates. A highly anticipated NIH study published Wednesday suggests that J&J recipients are better off getting a booster from Pfizer or Moderna. Also on Wednesday, the FDA said the data provided by J&J suggests that recipients could benefit from an additional dose. A booster of Pfizer’s two-shot vaccine was approved last month for certain groups of people.

5. Foreclosures Rise As Covid Mortgage Bailouts Expire

fstop123 | E + | Getty Images

Foreclosures are starting to jump as government and private programs designed to help homeowners deal with the economic fallout from the Covid pandemic are phased out. Mortgage lenders began foreclosures on 25,209 properties in the third quarter, up 32% from the second quarter. Year-over-year, that’s a 67% increase from Q3 2020, according to Attom, a mortgage data company. States with the most new foreclosures were California, Texas, Florida, New York, and Illinois.

– Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

Recent Posts

  • The Benefits of an Amex Platinum Card
  • What Is a Disbursement Card?
  • No Equipment Home Exercises to Get a Stronger Body
  • Why Gift Cards Make Good Gifts
  • Why Use Credit Cards Over Cash?

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021

    Categories

    • Business
    • Finance
    • Health
    • Life
    • News
    • Shopping
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2022 THE ON DECK NEWS | Design: Newspaperly WordPress Theme