5 things to know before the stock market starts on February 26, 2021

Here are the key news, trends and analyzes that investors need to start their trading day:

US stock futures were bad as technology stocks tried to recover from Thursday’s progress, which sent the Nasdaq down 3.5% for its worst one-day performance since October. Tesla fell slightly again in Friday’s forex market, a day after sinking 8% in a brutal week. The Dow Jones industrial average sank 559 points, or 1.8%, from a record of the previous session on Thursday. The Dow had its worst day in almost a month and also the S&P 500, which lost almost 2.5%. The culprit behind the sale was the rapid rise in bond yields.

All three stock benchmarks were looking for weekly losses. Before the last trading day of February, the Nasdaq held on to a profit for the month, which started strong. The Nasdaq fell nearly 7% from its February 12 record. The Dow and S&P 500 both remain solid in the green for the month. However, the S&P 500 was almost 2.7% lower than its last record, also on 12 February.

Ten-year treasury yields withdrew on Friday morning, but remained above 1.4% after rising to 1.6% in the previous session to the highest level since February 2020 and more than 0.5% higher since the end of January . The rise in 10-year yields, used as a benchmark for mortgage rates and car loans, is driven by expectations of improving economic conditions as coronavirus vaccines are introduced, as well as fears of higher inflation.

A new round of government stimulus controls, approved in December, has pushed personal income to its biggest monthly profit since April 2020, although inflation has remained tame. The Department of Commerce reported Friday morning that personal income rose 10% in January, slightly lowering expectations. The inflation for personal consumption expenditure corresponds to 1.5%.

Inflation is worried about the idea that the $ 1.9 billion Covid stimulus bill – seen at home on Friday – could, in addition to rapid growth, overheat the economy. Capitol Hill Democrats are trying to push their emergency relief measure, including a federal minimum wage increase, to $ 15 an hour without GOP support. However, a key non-partisan official, the Senate MP, has ruled that Democrats cannot include the minimum wage increase in the bill. The decision means that the Senate is likely to approve a different version of the bill than the House, and that representatives will have to approve the plan a second time.

A key FDA advisory panel will vote Friday on the approval of Johnson & Johnson’s single-covid emergency vaccine, which could pave the way for a third preventative treatment in the U.S., while the full FDA does not recommend follow the vaccine committee, do so often. During similar requests by Pfizer and Moderna for vaccines, the FDA approved the two-shot regimens of those companies a day after the panel of medical advisors from outside approved for emergency use.

As more and more Americans are vaccinated and the economy opens up more and more, companies like DoorDash, which benefits from the stay-at-home trade, could get hurt. The Food Delivery Service, in its first report as a public company, told shareholders that it expects some of the tailwinds it experienced at home maintenance in the US to turn around once the country gets the virus under control. Shares fell 10% in Friday’s pre-sale. Even with the drop, DoorDash would still be nearly 50% higher than the $ 102 per share price in December. While DoorDash reported $ 970 million in revenue in the fourth quarter late Thursday, beating estimates, it also reported an adjusted share loss of $ 2.67.

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