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Home / Business / 5 things to know before the stock market opens on Thursday, April 1st

5 things to know before the stock market opens on Thursday, April 1st



Here are the most important news, trends and analysis investors need to start a trading day:

1. After the Dow, the S&P 500 index hit the best month since November, the stock market rose

Trader on the floor of the New York Stock Exchange.

Source: CNBC

The S&P 500 index closed up 4.2%, the best month since November. The US stock market opened in April and rose. The index hit a record high on Wednesday, but failed to close at a record high.

The Dow Jones Index closed at a record closing price on Monday, and fell for the second time in a row on Wednesday. However, like the Standard & Poor̵

7;s 500 Index, the average level of 30 stocks was the best month since November, with a 6.6% increase in March. In the first quarter, the Dow and the Standard & Poor’s 500 index rose 7.8% and 5.8% respectively for the fourth consecutive quarter.

The Nasdaq index rose by 1.5% on Wednesday, breaking the decline of two consecutive trading days. Nasdaq (Nasdaq), a heavyweight technology stock, has performed poorly in the near term because technology stocks are particularly sensitive to rising market interest rates and because they rely on cheap borrowing to invest in future growth. In March, the index rose only 0.4%. In the quarter, it rose by 2.8%.

2. After the unemployment benefit application data was released, the 10-year U.S. Treasury bond yield fell below 1.7%

On February 22, 2021, a woman walks into a store in New York.

John Smith | Corbis News | Getty Images

Last week it was lowered to 658,000 initial jobless claims, the lowest level in a year. Although the stock market is closed on Good Friday, the Labor Department will still release its monthly employment report on Friday.

3. Pfizer Covid vaccine is 91% effective in updated trial data

A person walks through the Pfizer Building in New York City on March 2, 2021.

Carlo Allegri | Reuters

Pfizer and BioNTech said on Thursday that their two-dose Covid vaccine has an effective rate of about 91%, citing the latest test data, which includes people who have been vaccinated for up to six months. In a trial participant in South Africa, the vaccine is also 100% effective. In South Africa, new variants dominate. However, the number of these South African participants is relatively small, only 800.

Although the new overall power efficiency is lower than the 95% originally reported in November, many variants have since become more and more common around the world. Pfizer and BioNTech stocks rose in premarket trading.

4. AP: Johnson & Johnson Covid Vaccine Scourge Center’s company is cited in a series

On March 5, 2021, the Johnson & Johnson Covid-19 vaccine was established at the Vaccination Center established at the Hilton Chicago O’Hare Airport Hotel in Chicago, Illinois.

Kamil Krzaczynski | AFP | Getty Images

Emergent BioSolutions’ stock fell 7% in premarket trading on Thursday. EmergentBioSolutions stock is at the center of the problem, causing Johnson & Johnson to dump an unknown amount of Covid vaccine. According to records obtained by the Associated Press through the Freedom of Information Act, Emergent has been cited by US health officials for quality control issues. The records cover inspections of emergency facilities since 2017.

Johnson & Johnson said on Wednesday that although it is not clear how many doses were destroyed, it still plans to deliver 100 million doses of one-time injections by the end of June. Johnson & Johnson’s stock fell in pre-market trading.

5. After the infrastructure was announced, Biden held the first cabinet meeting

President Joe Biden is scheduled to hold his first cabinet meeting on Thursday. The time is one week after Biden’s entire cabinet has been confirmed, and the second day after the president released the long-awaited infrastructure plan, which will cost about $2 trillion in eight years. Increasing the tax rate for American companies to 28% can pay for huge plans.

Biden said he will announce the second part of his recovery plan in “a few weeks.” After passing and signing a $1.9 trillion coronavirus rescue plan earlier this month, Wednesday’s announcement kicked off Biden’s second major initiative.

-The Associated Press and Reuters contributed to this report.Get the latest information on the epidemic CNBC’s Coronavirus Blog.


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