Here are the key news, trends and analyzes that investors need to start their trading day:
1. Stock futures start new month higher after end of February sale
The Wall Street sign will be seen on February 16, 2021 outside The New York Stock Exchange (NYSE) in New York.
Brendan McDermid | Reuters
US futures futures began to move sharply higher on Monday, with the Dow Jones Industrial Average, S&P 500 and Nasdaq each rising more than 1%, trying to plunge into the February slump. While the rapidly rising bond yields were put under pressure last week, the ten-year treasury yield fell from a one-year high on Monday, trading at 1.43%. The Dow lost 1.8% and the S&P 500 fell by almost 2.5% for the week. The Nasdaq had the biggest chance of selling the tech sale, with a weekly loss of 4.9%. However, the strong start to February was enough to lift the Dow, S&P 500 and Nasdaq by almost 3.2%, 2.6% and almost 1% higher for the month, respectively.
Activist investor Jeff Ubben will join the board of directors of Exxon Mobil, sources told David Faber, CNBC. Mike Angelakis, chairman and CEO of Atairos and former CFO of Comcast, also joins the board, sources said. The actions come as Exxon came under pressure from shareholders to move its board of directors due to the declining share price of the company. Exxon jumped 4% during pre-trading.
2. US gets third vaccine to fight Covid
A health worker fills a syringe from a vial with a dose of Johnson & Johnson vaccine against the COVID-19 coronavirus, while South Africa continues its vaccination campaign at Klerksdorp Hospital on 18 February 2021.
Phill Magakoe | AFP | Getty Images
The CDC has reported Johnson & Johnson’s one-shot Covid-19 vaccine for people 18 years and older, as the federal government prepares millions of doses this week. The FDA on Saturday gave J & J’s vaccine, which has shown 72% efficacy in the US. While the other two vaccines in the U.S. have been cleared – two regimens from Pfizer and Moderna – each have shown more than 90% efficacy, Drs. White House chief medical adviser Anthony Fauci said all three were “very well” on Sunday. He told NBC’s “Meet the Press” that Americans should take any vaccine they can get.
3. The $ 1.9 billion pandemic relief bill goes to the Senate
Employees in the service industry express their support for the introduction of the Wage Increase Act, which includes a minimum wage of $ 15 for workers with a fee, on January 26, 2021 in Washington.
Jemal Gravin | Getty Images Entertainment | Getty Images
The House approved early Saturday $ 1.9 billion in economic stimulus bill advocated by President Joe Biden. It included $ 1,400 direct payments to individuals, a federal unemployment increase of $ 400 a week through the end of August, and billions of dollars to distribute coronavirus vaccines and assist schools and local governments. The measure goes to the Senate, where a provision to increase the federal minimum wage is likely to be removed. But as NBC News has pointed out, the rest of the package seems to be good, as the Democrats intend to use a process that does not require Republican support.
“Never bet against America,” Buffett said in an annual letter.
Warren Buffett during an interview with Becky Quick of CNBC on February 24, 2020. It seems to be another year in which the billionaire investor shied away from game-changing acquisitions in an expensive market, even after a sudden cash market and while his company a massive cash balance.
Gerald Miller | CNBC
Warren Buffett, the 90-year-old ‘Oracle of Omaha’, remains a firm believer in the US and says in Saturday’s release of his meticulous Berkshire Hathaway shareholder letter to never bet against America. In the markets, Buffett said that low interest rates around the world reduce the attractiveness of bonds. Buffett also said Berkshire’s annual meeting will be held on May 1 in Los Angeles, for the first time outside Omaha, Nebraska. Vice President Charlie Munger, who lives in Los Angeles, missed the 2020 meeting due to pandemic travel restrictions. The 97-year-old Munger is expected to join Buffett this year.
5. Buffett bets on Berkshire, Apple still remains the best
While Covid’s fallout in markets during 2020, Buffett said in his letter that Berkshire repurchased about $ 9 billion worth of shares in the fourth quarter, bringing last year’s total repurchase to a record $ 24.7 billion. stand bring. Apple is still considered the conglomerate’s largest share investment, playing a key role in offsetting the pandemic damage to Berkshire’s railway and insurance business by 2020. The letter contains no update on the follow-up or details on what Buffett can do with Berkshire’s more than $ 138 billion. cash on hand at the end of 2020.
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