Here are the most important news, trends and analysis that investors need to start their trading day:
1. Nasdaq is expected to rebound as Dow moves to a three-day high
Traders on the floor of the New York Stock Exchange.
Source: NYSE
2. Tesla shares bounce after five sessions, 21% settlement
In this photo illustration, a Tesla logo displayed on a smartphone with the stock market graph in the background.
Omar Marques | LightRocket | Getty Images
Tesla’s shares rose about 5% in Tuesday’s pre-market, after falling 21% on five consecutive days. The stock, still up 300% in the past 12 months, fell more than 36% from the historic record in January. Electric car maker Elon Musk, which is experiencing violent fluctuations, saw periods of market declines in March and September 2020. Cathie Wood, founder of Ark Investment Management, a major investor and Tesla believer, told CNBC on Monday. fair that is not concerned about the recent drop in its funds and that the bullish stock market is simply expanding to include more strategies, such as value.
3. GameStop comes up again with the shift to e-commerce in focus
A man speaks on the phone in front of the GameStop on 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop’s shares rose 11% in Tuesday’s pre-market after closing 41% higher at $ 194 each. Monday’s strong recovery came after Ryan Cohen, a major GameStop shareholder and board member, was hired to lead the video game retailer’s move to e-commerce. Cohen, also a co-founder of online pet retailer Chewy, invested in GameStop last year, which helped spark Reddit’s wild run earlier this year. The Senate Banking Committee is due to hold a hearing on the GameStop saga on Tuesday morning.
4. House should vote on Covid’s $ 1.9 trillion Democrats stimulus
Majority leader in the US Senate, Chuck Schumer (D-NY), talks about coronavirus disease relief legislation (COVID-19) recently passed by the US Senate during a news conference in Manhattan, New York, in March 8, 2021.
Mike Segar | Reuters
The House plans to pass the $ 1.9 trillion coronavirus relief bill for Democrats this week after Senate approval on Saturday. President Joe Biden must sign the legislation before federal unemployment programs expire on Sunday. The plan includes extra unemployment benefits, rent assistance, Covid vaccination funds and direct payments of up to $ 1,400 for most Americans, who are due to start leaving this month. When the House passed a different version of the plan last month, no Republicans supported it and two Democrats opposed it.
5. The CDC issues the first guidelines for people who are fully vaccinated
Barbara Comer, 90, gets her second dose of CVS Pharmaceuticals Sheila Esgro’s Pfizer BioNTech COVID-19 vaccine during a clinic at The Watermark at Bellingham in East Goshen on Wednesday.
Pete Bannan | MediaNews Group | Getty Images
In releasing its first guidance to people who have been fully vaccinated against Covid, the CDC said that those immunized can safely visit other vaccinated people indoors without wearing a mask or social distance. Vaccinated people can visit some unvaccinated people without masks or social distance as well. However, the CDC said that everyone should avoid traveling. Someone is considered fully vaccinated two weeks after a single injection of the newly authorized Johnson & Johnson vaccine or two weeks after the second injection of Moderna or Pfizer two-dose regimens.
– Get the latest news on the Covid pandemic from CNBC’s coronavirus blog.