Here are the key news, trends and analyzes that investors need to start their trading day:
1. Stocks will drop after closing record for Dow and S&P 500
Traders on the floor of the New York Stock Exchange.
Source: NYSE
Uara CEO Dara Khosrowshahi speaks on September 26, 2019 during a product launch event in San Francisco, California.
Philip Pacheco | AFP via Getty Images
Uber posted a record gross booking for March on Monday, indicating a demand in demand for ride. The tech giant’s ride business was hit hard last year by pandemic shutdowns. However, Uber has benefited from a surge in food delivery, which will help limit losses in 2020. Shares in Uber rose 2% in Monday’s futures market.
2. Powell says ‘highly unlikely’ that the Fed will raise rates this year
Federal Reserve Chairman Jerome Powell speaks at a virtual news conference in Tiskilwa, Illinois, on December 16, 2020.
Daniel Acker | Bloomberg | Getty Images
Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s commitment to maintaining easy monetary policy, despite what it sees as a rapidly recovering economy from the depths of the pandemic. “I think it’s highly unlikely we’ll raise rates like this year,” Powell told ’60 Minutes’ in an interview aired Sunday. “I am able to guarantee that the Fed will do everything in our power to support the economy as long as it is necessary to complete the recovery,” he added. The support includes short-term loan figures and $ 120 billion a month in mortgage purchases.
3. Covid variant evades the protection of the vaccine
A health worker donates a dose of Pfizer-BioNtech COVID-19 coronavirus vaccine to a mobile clinic near Moshav Dalton in northern Israel on February 22, 2021.
Jalaa Marey | AFP | Getty Images
The coronavirus variant discovered in South Africa could evade the protection of the two-shot vaccine made by Pfizer-BioNTech, according to a new Israeli study. The researchers found that the incidence of the strain in patients who received both doses of the vaccine was about eight times higher than those who were not vaccinated.
View of Regeneron Pharmaceuticals Headquarters Corporate and Research and Development at Old Saw Mill River Road in Tarrytown, New York.
Lev Radin | LightRocket | Getty Images
Regeneron plans to ask the FDA to allow its Covid antibody therapy as a preventative treatment. In a phase three clinical trial, the company said the drug cocktail reduced the risk of symptomatic infections in individuals by 81%. The therapy was given to then-President Donald Trump shortly after he was diagnosed with the coronavirus last year.
4. CEOs meet for the White House disk summit; Biden meets infrastructure lawmakers
US President Joe Biden speaks as he announces executive action on April 8, 2021, to prevent gun violence in the Rose Garden at the White House in Washington.
Kevin Lamarque | Reuters
5. Microsoft Acquires Advanced Talks to Buy Nuance for About $ 16 Billion
Microsoft CEO Satya Nadella speaks at the Future Decoded Tech Summit in Bengaluru, India, on February 25, 2020.
Samyukta Lakshmi | Bloomberg | Getty Images
Microsoft is in advanced talks to buy the speech recognition firm Nuance Communications, a person familiar with the discussions told CNBC. The person can immediately announce a transaction, adding that Microsoft is willing to pay about $ 56 per share. Shares of Nuance rose nearly 24% to more than $ 56 in Monday’s presale. By buying Nuance, Microsoft could expand its ability to expand voice applications. At $ 16 billion, Nuance would be Microsoft’s second largest acquisition, following the $ 27 billion acquisition of LinkedIn in 2016. Shares in Microsoft have changed little.
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