Cjexcel
2021-04-16
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5 things to know before the stock market opens Friday
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Dow set to rise after closing above 34,000 for first time ever\nDow futures rose modestlyFriday, a day after the30-stock averagegained nearly 1% andclosed above 34,000 for the first time ever. TheS&P 500increased 1.1% to another record close. TheNasdaqhad the best day, jumping 1.3% and finishing 0.4% away from its February closing record. Tech stocks rallied Thursday as the10-year Treasury yieldslippedbelow 1.6%. Spiking bond yields dragged growth names down to their recent lows last month.Morgan Stanleyis set to report earnings before the bell after a week of strong quarterly results to by financial firms.\n2. Homebuilding in March is expected to have been strong\nBlowout March retail salesThursday helped lift stocks — and Friday, investors get a look at the red-hot residential real estate market at 8:30 a.m. ET. The Commerce Department is set to issue March numbers on housing starts and building permits. New construction is expected to surge 14% after February’s 10.3% drop. Permits are seen rising 4% after a 10.8% decline in February. Homebuilders have recently been increasing production, and new government Covid stimulus could add to that trend.\n3. Chinese economy grew 18.3% in Q1 in Covid bounce back\nChina reported first-quarter gross domestic product a touch below expectations as industrial production disappointed but retail sales beat estimates.GDP soared 18.3%in the first three months of the year from a year earlier, China’s National Bureau of Statistics said Friday. In the first quarter last year, the economy shrank by 6.8% — during the height of the domestic Covid outbreak.\n4. WHO chief: Covid case rate approaching highest level yet\nThe World Health Organization chief said Friday thatan alarming trendof rising Covid cases has resulted in infections around the world now approaching their highest level ever. In the U.S., cases per week are well off their all-time highs but consistent with levels seen during the summer surge.PfizerCEO Albert Bourla said peoplewill likely needa booster dose of a Covid vaccine within 12 months of getting fully vaccinated. Bourla said it’s possible that yearly vaccinations against the coronavirus will also be necessary.\n5. Gunman fatality shoots at least 8 people at Indianapolis FedEx facility, kills himself\nAt least eight people diedafter a gunman opened fire at aFedExfacility in Indianapolis late Thursday and then killed himself, city police said. FedEx said in a statement: “We are deeply shocked and saddened by the loss of our team members. ... We are fully cooperating with investigating authorities.” Last week, PresidentJoe Bidenannounced a series of executive actions aimed at tackling what he called a national epidemic of gun violence. In March alone, 18 people were killed in two mass shootings in the Atlanta area and Boulder, Colorado.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/370847884"}
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