April 13, 2024

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5 things to know before the stock market opens Thursday, Oct. 14

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

1. Stock futures rise after S&P 500, Nasdaq broke 3-day losing streaks

Traders work on the floor of the New York Stock Exchange (NYSE), October 12, 2021.

Brendan McDermid | Reuters

2. Data on wholesale inflation, jobless claims out before the bell

The government was out with two key economics reports before Thursday’s Wall Street open: the September producer price index and initial jobless claims. First-time filings for unemployment benefits dropped to a Covid-era low of 293,000 for the week ended Oct. 9, fewer claims than expected. Headline PPI and core PPI, which excludes food, energy and trade, rose 8.6% and 5.9% from a year ago, respectively, similar to August’s year-over-year increases. Thursday’s wholesale inflation came after Wednesday’s elevated consumer inflation data. With price pressures mounting, the Social Security cost-of-living adjustment next year will be 5.9%, the biggest boost in about 40 years.

3. Banks, health-related companies see shares rise on strong results

The pace of earnings season accelerated Thursday, with slew of banks reporting quarterly results before the bell and their shares moving higher in premarket trading.

Dow stocks UnitedHealth and Walgreens Boots Alliance also reported better-than-expected earnings and revenue. Those stocks jumped in the premarket.

4. FDA vaccine panel gets ready to consider Moderna, J&J boosters

A registered nurse applies a dose of the Moderna COVID-19 vaccine to Sarasota Hospital worker Larry Hammers, 62, at the Sarasota Memorial Hospital in Sarasota, Florida, September 24, 2021.

Shannon Stapleton | Reuters

5. Foreclosures surge as Covid mortgage bailouts expire

fstop123 | E+ | Getty Images