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5 things to know before the stock market opens on Wednesday, February 9


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

1. Stocks set to continue Tuesday’s rally at open, bond yields down

Traders on the NYSE floor, February 8, 2022.

Source: NYSE

Dow futures rose nearly 250 points, or nearly 0.7%, on Wednesday. S&P 500 and Nasdaq futures posted even stronger gains at the open, a day after all three stock benchmarks posted solid rallies. The NasdaqThe second positive session in the past three sessions was help the index get closer to get out of repair territory. Earnings are the story on Wall Street again, with Dow stocks Disney It is expected to release quarterly results after the bell on Wednesday. Peloton gave up previous gains and dropped after gaining more than 25% when the connected fitness company announced a new CEO and job cuts. The congested stock is still down about 75% from its all-time high nearly a year ago.

Tech stocks, which were hit by a rise in bond yields last month, fell on Tuesday 10-year Treasury yield rose to 1.96%, high again in November 2019. 10-Year Yield mark down lower Wednesday, a day before the government releases January data on consumer inflation, is expected to show continued big gains. The Federal Reserve signaled a monetary policy pivot to address historic highs. Markets expect at least five rate hikes this year, starting in March.

2. CVS, Taco Bell, parent company Yum Brands lead in earnings before start

A CVS pharmacy is seen in Bloomsburg.

Paul Weaver | LightRocket | beautiful pictures

CVS Health shares fell 2.7% in money markets after the pharmacy chain said on Wednesday that demand for Covid vaccines and at-home Covid tests had increased. total store revenue, which helped the company set top expectations for fourth-quarter earnings and revenue. CVS is overhauling its stores to focus on healthcare. Starting this spring, it plans to close about 900 locations – or 9% of the company’s approximately 10,000 US stores – over the next three years.

Signage displayed outside Yum! Brands Inc.’s Taco Bell and Kentucky Fried Chicken (KFC) restaurants. in Louisville, Kentucky, United States, on Thursday, January 30, 2020.

Luke Sharrett | Bloomberg | beautiful pictures

Brand Yum Shares rose nearly 1.5% in money markets after owners of Taco Bell, KFC and Pizza Hut said higher costs on Wednesday hit profits, leading to missed quarterly earnings. Revenue slightly beat estimates. All of the company’s restaurant chains have reduced profit margins. However, all three chains reported higher same-store sales during the quarter, with Taco Bell leading the way with an 8% increase.

3. Chipotle, Lyft are pre-market lobbyists, in the morning after earnings

A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, October 19, 2021.

David Paul Morris | Bloomberg | beautiful pictures

Chipotle Mexican Grill Shares rose 7.5% in money markets on Wednesday, the morning after the company reported quarterly earnings that beat estimates and revenue in line with expectations. Chipotle says its customers are still stuck with the restaurant chain despite price increase menu to deal with high feed and labor costs. The company also said there is a chance that prices will rise again later this year.

A traveler arriving at Los Angeles International Airport searches for ground transportation during a day of statewide action to demand ride-hailing companies Uber and Lyft comply with California law and issue drivers “basic employee rights” in Los Angeles, California, USA, August 20, 2020.

Mike Blake | Reuters

Lyft Stocks pared earlier losses in money markets after the ride-hailing service reported ridership on Tuesday night. lower than analysts’ estimates. Lyft said higher fares and longer rides helped with quarterly earnings that were slightly below estimates. Revenue also exceeded expectations. Competitor Uber is set to announce its results after the bell Wednesday.

4. New York decides the fate of the Covid mask missions

A person wearing a face mask leaves a store on January 26, 2022 in New York City.

Angela Weiss | AFP | beautiful pictures

New York Governor and Health Officials deciding have ended or expanded two Covid mask duties, one at schools, the other at most indoor public facilities, such as grocery stores, stores, and offices. Governor Kathy Hochul, a Democrat, is due to make the announcement on Wednesday. Dropping the mask order would leave New York in a situation where many so-called green states are making similar moves. New Jersey plans to lift the requirement to wear face masks indoors in schools as early as March. California will end the requirement to wear a mask indoors for those who are vaccinated next week, but keep it in schools.

5. DOJ Says It Has Seized Over $3.6 Billion in Allegedly Stolen Cryptocurrency

Signage is seen at the US Department of Justice headquarters in Washington, DC, August 29, 2020.

Andrew Kelly | Reuters

Ministry of Justice said seize More than $3.6 billion in cryptocurrency was allegedly stolen in connection with the 2016 Bitfinex hack. As part of this operation, authorities arrested a New York couple on charges of them to wash digital goods. Officials said they arrested Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31. Morgan wrote an article in Forbes last summer titled: “Experts Share Tips to protect your business from cybercrime.” She’s also an aspiring and established rapper Razzlekhan, calling himself the “Notorious Alligator of Wall Street.” She can be seen on a rapping video in front of the New York Stock Exchange.

– The Associated Press contributed to this report. Register now for the CNBC Investment Club to track every move in Jim Cramer’s stock. Follow broader market actions like a pro on CNBC Pro.



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