Here are the key news, trends and analyzes that investors need to start their trading day:
1. Nasdaq will bounce back as Dow rallies for three days
Traders on the floor of the New York Stock Exchange.
Source: NYSE
2. Tesla shares bounce after five sessions, 21% sold
In this photo illustration, a Tesla logo is seen on a smartphone with the stock market graph in the background.
Omar Marques | LightRocket | Getty Images
Shares in Tesla rose about 5% in Tuesday’s futures market after falling 21% in five days. The share, which has risen 300% over the past twelve months, was more than 36% lower than record highs in January. Elon Musk’s manufacturer of electric cars, which is not uncommon for wild swings, did see a decline in bear markets in March and September 2020. Cathie Wood, founder of Ark Investment Management, a major investor and believer in Tesla, told CNBC on Monday that she is not worried about the recent decline in her funds and that the bull market in stocks is simply expanding to incorporate more strategies such as value. close.
3. GameStop rises again with focus on e-commerce
A man speaks in front of GameStop in 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop shares added another 11% in Tuesday’s pre-market after closing 41% at $ 194 each. Monday’s strong protest came after Ryan Cohen, a major shareholder and board member of GameStop, was named to lead the move from the video game retailer to e-commerce. Cohen, also co-founder of online pet retailer Chewy, invested in GameStop last year, which sparked Reddit’s wild ride earlier this year. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday morning.
4. House to vote on Democrats’ $ 1.9 billion Covid stimulus
U.S. Senate Spokesman Chuck Schumer (D-NY) talks about the coronavirus disease law (COVID-19) recently passed by the U.S. Senate during a news conference in Manhattan, New York, March 8, 2021.
Mike Segar | Reuters
The House plans to approve the Democrats’ $ 1.9 billion coronavirus relief bill this week following Senate approval on Saturday. President Joe Biden is expected to sign the legislation before the federal unemployment programs expire Sunday. The plan includes additional unemployment benefits, rental assistance, Covid vaccination funds and direct payments of up to $ 1,400 to most Americans, which will go out this month. When the House passed a different version of the plan last month, no Republicans supported it, and two Democrats opposed it.
5. CDC issues first guidelines for people who have been fully vaccinated
Barbara Comer, 90, gets her second shot of CVS pharmacist Sheila Esgro’s Pfizer BioNTech COVID-19 vaccine at a clinic in The Watermark in Bellingham, East Goshen.
Pete Bannan | MediaNewsgroup | Getty Images
The CDC said those vaccinated could be safely vaccinated without wearing a mask or social distance. Vaccines can also visit non-vaccinated people without masks or social distance. However, the CDC said everyone should travel. Someone is considered fully vaccinated two weeks after a single ingestion of Johnson & Johnson’s newly authorized vaccine, or two weeks after their second ingestion of the two doses of Moderna or Pfizer.
– Get the latest information on the Covid pandemic with CNBC’s coronavirus blog.