Here are the most important news, trends and analysis investors need to start their trading day:
1. Stock futures steady after S&P 500 close on Friday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021.
Brendan McDermid | Reuters
US stock futures slight increase on Monday after S&P 500 and Nasdaq broke a two-week losing streak and had their best weekly performance since February. The Dow Jones Industrial Average, which ended a four-week losing streak, had its best weekly performance since March. Dow and Nasdaq still have a lot of work to do, but S&P 500 closes at record high on Friday, recovered from the open sale that began on Nov. 26. Futures cut gains, however, as British Prime Minister Boris Johnson confirmed Second, at least one patient infected with the omicron Covid variant has died in the UK
2. Covid deaths in the US nearly 800,000 when monitoring the risk of omicron
USA – October 4: Hattie Pierce, 75, receives a booster shot of the Pfizer covid-19 vaccine from Dr. Tiffany Taliaferro at Safeway on Capitol Hill in Washington, DC, on Monday, October 4 2021. (Photo by Tom Williams / CQ-Roll Call, Inc via Getty Images)
Tom Williams | CQ-Roll Call, Inc. | beautiful pictures
The death toll from Covid in the US is approaching 800,000. Based on data from Johns Hopkins University Early Monday, the number of deaths in the US since the corona virus was first detected in late 2019 was 797,348 people. While the delta variant remains the dominant strain in the US, causing more than 1,200 deaths a day, officials are doubling down on efforts to get Americans vaccinated in the face of highly mutated omicrons. Vivid enhanced imaging provides “ultimate care”, The White House Chief Medical Adviser, Dr. Anthony Fauci said Sunday.
3. Fed may fall faster, inflation early next week for investors
Jerome Powell, Chairman of the US Federal Reserve, speaks during a House Finance Committee hearing in Washington, DC, on Wednesday, December 1, 2021.
Al Drago | Bloomberg | beautiful pictures
After the biggest Friday of the year Consumer prices soar In nearly 40 years, inflation will again be in the spotlight for investors as Tuesday delivers the latest on producer prices and the start of a recession. The Federal Reserve’s two-day meeting in December. The central bank, in its last scheduled policy meeting of the year, is expected to discuss accelerating the end of its bond-buying program. Ahead of the Fed’s decision on Wednesday afternoon, the latest on retail sales will be released before the bell that morning. Industrial production and weekly jobless claims data will be released on Thursday.
4. Apple hits nearly $3 trillion in market value as shares rise
Apple CEO Tim Cook
Source: Apple Inc.
Apple rim closer to becoming Wall Street’s first $3 trillion company. With just over 16.4 billion shares outstanding, Apple would need to hit nearly $182.86 per share to eclipse that milestone, just over a year after topping the stock market value of 2,000. billion USD. As of the end of Friday, Apple was up 35% so far this year, well above the 80% gain in 2020. Earlier this year, Apple briefly lost its title of most valuable company. Microsoft, about $428 billion more to reach a market capitalization of $3 trillion.
5. MotorTrend names the all-electric Rivian R1T truck of the year
A Rivian R1T electric pickup truck during the company’s IPO outside Nasdaq MarketSite in New York, on Wednesday, November 10, 2021.
Bing Guan | Bloomberg | beautiful pictures
MotorTrend on Monday named All-electric Rivian R1T, 2022 truck of the year, beating other pickup trucks from Ford, General Motors, and Hyundai. MotorTrend called the R1T, the first mass-produced electric truck in the US, “the most remarkable pickup we’ve ever driven,” in an announcement announcing the award. Rivian Automotive, the electric vehicle startup backed by Ford and Amazon, went public last month. Shares on Nov. 16 were trading up 130% to $179.47 from their initial public offering price of $78. Rivian has stepped back a bit since then. Even with the pre-market push Monday, the stock is still trading around $117 a share.
—People who contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s Coronavirus Coverage.
