Here are the most important news, trends and analysis investors need to start their trading day:
1. The first trading day of 2022 seems to pick up where last year left off
A trader on the floor of the New York Stock Exchange, December 31, 2021.
Dow futures contracts rose more than 150 points, or about 0.5%, on Monday, the first trading day of the new year. S&P 500 and Nasdaq-linked futures have shown even stronger moves at the open, even as Covid cases have surpassed pandemic highs of a year ago. Tesla shares jumped 7.5% in pre-market after vehicle deliveries in 2021 exceeded estimates. Tesla grew almost 50% last year. That’s nearly double the nearly 27% increase in the S&P 500 in 2021, the index’s third consecutive positive year. The Dow Jones Industrial Average and the Nasdaq also recorded consecutive three-year winning streaks, jumping 18.7% and around 21.4% respectively for the year.
2. The coming week features the Fed Minutes, three labor market reports
The Federal Reserve’s Marriner S. Eccles building in Washington, DC, United States on Sunday, December 19, 2021.
Samuel Corum | Bloomberg | Getty Images
With Monday’s opening bell on Wall Street, the clock starts ticking for a quarter that could see the Federal Reserve’s first interest rate hike since 2018. The Fed will release the minutes of its meeting on Wednesday. December, in which central bankers announced they would step up their cut. purchases of bonds from the Covid era. ADP’s December report on U.S. business hiring is also released on Wednesday, ahead of Thursday’s first weekly jobless claims data and Friday’s government employment report for last month.
3. Tesla shares surge after fourth quarter deliveries set record
A Tesla Model 3 plugged in and charging at a Supercharger battery fast charging station for electric vehicles in Bersteland, Germany, March 2, 2021.
Thomas Koehler | Photo library | Getty Images
Tesla said on Sunday it had delivered 308,600 electric vehicles in the fourth quarter and 936,172 for all of 2021, far exceeding estimates. Full-year deliveries were up 87% from 2020, when the electric vehicle maker reported its first annual profit on deliveries of 499,647. Analysts expected Tesla’s deliveries in the fourth quarter of 2021 are 267,000, including 897,000 for the entire year. In the coming year, the company is expected to begin production of the Model Y crossover at its new plant in Austin, Texas. It also aims in 2022 to open another factory in Brandenburg, Germany.
4. Fauci says CDC plans to add Covid test to isolation recommendations
Dr Anthony Fauci speaks about the Omicron variant of the coronavirus during a press briefing at the White House in Washington, December 1, 2021.
Kevin Lamarque | Reuters
Dr Anthony Fauci said the Centers for Disease Control and Prevention is considering including a negative test as part of its five-day isolation guidelines for Americans infected with Covid but who have no symptoms. “I think we’ll hear more about this in the next few days from the CDC,” the White House’s senior medical adviser said on Sunday. The CDC received a significant step back on last week’s updated recommendations, which reduced isolation time from 10 days to five days. The Food and Drug Administration said last week that preliminary research indicates that rapid home tests detect the omicron variant, but may have reduced sensitivity.
5. Airlines Cancel More Flights To US As Vacation Travel Woes Continue
Travelers pass through Miami International Airport on December 28, 2021 in Miami, Florida.
Joe Raedle | Getty Images
Airlines cut more than 1,700 flights on Monday, adding to massive cancellations during the holidays. From Christmas Eve to New Year’s Day, airlines canceled more than 13,000 flights, or 5.6% of their schedules, according to flight tracking site FlightAware. Airlines blamed the disruption on a combination of bad weather and omicron infections that sidelined staff. The travel chaos has arisen during what airlines have expected to be among the busiest days since the start of the pandemic. Last year, the Transportation Security Administration checked nearly 580 million people, up 79% from 2020. However, it’s still around 30% from 2019, before Covid.
– The The Bharat Express News contributed to this report. Follow all market actions like a pro on TBEN Pro. Get the latest pandemic news with TBEN’s coronavirus coverage.