[ad_1]
Here are the most important news, trends and analysis investors need to start their trading day:
1. Dow Futures Stagnate After 30 Stock Average Dips 292 Points
The Wall Street sign is visible outside the New York Stock Exchange (NYSE) in New York, February 16, 2021.
Brendan McDermid | Reuters
U.S. equity futures were flat on Wednesday, a day after the Dow Jones Industrial Average abandoned its opening gains and closed 292 points, or 0.8% lower, its sixth day of decline in price. of the last seven sessions. The S&P 500 also saw its sixth drop in the past seven sessions on Tuesday as the tough September on Wall Street continued. Both benchmarks were on track for their biggest monthly declines since October. The Nasdaq fell for the fifth consecutive session on Tuesday. One bright spot in Wednesday’s pre-market was Microsoft. Dow stock and the big name Nasdaq rose more than 1% after announcing an 11% dividend hike and a $ 60 billion share buyback program. Microsoft has also named company president Brad Smith as vice president.
2. Casino stocks collapse as Macau considers tighter regulation
The Wynn Resorts logo is illuminated as people sit by the fountain at Wynn Macau Casino in Macau, China on Tuesday July 24, 2018.
Pual Yeung | Bloomberg | Getty Images
Wynn Resorts and Las Vegas Sands fell in pre-market trading, after falling about 10% on Tuesday, as Macau entered a 45-day period to consider stricter regulations on the gaming industry. Americans have operations in the Chinese special administrative region. Macau officials have said they want “sustainable and healthy development” in the world’s largest gambling hub. However, investors are worried about the potential changes. Hong Kong-listed shares of Wynn Macau and Sands China fell about 30% overnight.
3. Democratic Gov. Gavin Newsom survives California recall election
Gavin Newsom, Governor of California, speaks during a campaign event at Long Beach City College in Long Beach, California, United States on Monday, September 13, 2021.
Bing Guan | Bloomberg | Getty Images
California Democratic Governor Gavin Newsom survived a Republican attempt to impeach him, according to an NBC News projection. The governors’ recall vote was the second in California history to qualify for the ballot. Newsom – who was elected by an overwhelming majority to a four-year term ending in 2023 – has spent months pushing back the GOP-led effort, which gained traction last year following allegations the The Newsom administration reportedly mismanaged the state’s response to the Covid pandemic.
4. Biden to meet with US employers on Covid vaccines
President Joe Biden delivers remarks at a press conference on the grounds of the National Renewable Energy Laboratory (NREL) September 14, 2021 in Arvada, Colorado.
Hélène H. Richardson | Denver Post | Getty Images
President Joe Biden plans to meet with major U.S. employers on Wednesday at the White House to discuss the federal vaccine mandate. The rally comes as the Biden administration is crafting rules to force large employers to have their workers vaccinated or tested every week. In advice to federal agencies earlier this week, the White House said federal employees must be “fully immunized” by November 22. The shooting warrant, announced last week, faces legal, policy and enforcement challenges.
5. SpaceX Set To Make History With First All-Civilian Crew
SpaceX CEO Elon Musk and Shift4 Payments CEO Jared Isaacman pose together at SpaceX headquarters in Hawthorne, Calif., To announce the all-civilian Inspiration4 space mission.
Source: SpaceX
Four amateur space travelers, led by e-commerce billionaire Jared Isaacman, were scheduled to take off overseas on a SpaceX rocket on Wednesday night. They would become the first fully civilian crew to launch into Earth orbit. Isaacman, 38, the travel benefactor, paid an undisclosed sum to fellow billionaire and SpaceX owner Elon Musk. Time magazine estimated the ticket price for the four seats at $ 200 million. Earlier this summer, Virgin Galactic’s Richard Branson and Blue Origin’s Jeff Bezos went to space. Musk hasn’t been to space yet.
– Reuters contributed to this report. Follow all market actions like a pro on CNBC Pro. Get the latest pandemic news with CNBC’s coronavirus coverage.
[ad_2]
Source link