Here are the most important news, trends and analyzes that investors need to start their trading day:
1. In the long run, futures begin one month after the sale at the end of February
The Wall Street sign is seen outside the New York Stock Exchange (NYSE) in New York, February 16, 2021.
Brendan McDermid | Reuters
In the long run, US futures began to rise sharply on Monday, with the Dow Jones industrial average, the S&P 500 and the Nasdaq rising more than 1% each, trying to make up for the decline at the end of February. While rapidly rising bond yields weighed on stocks last week, the 10-year Treasury yield fell Monday from a one-year high of around 1.43%. The Dow lost 1.8% and the S&P 500 fell nearly 2.5% in the week. Nasdaq took over the weight of technology sales, with a weekly loss of 4.9%. However, the strong start of February was enough for the Dow, S&P 500 and Nasdaq to grow by almost 3.2%, 2.6% and almost 1%, respectively, for that month.
Activist investor Jeff Ubben will join Exxon Mobil’s board of directors, sources told CNBC’s David Faber. Mike Angelakis, president and CEO of Atairos and former chief financial officer of Comcast, is also joining the board, sources said. The moves come as Exxon has faced pressure from shareholders to change its board of directors due to the company’s share price. Exxon rose 4% during premarket trading.
2. The US receives the third vaccine to fight Covid
A health worker fills a syringe in a vial with a dose of Johnson & Johnson COVID-19 coronavirus vaccine as South Africa continues its inoculation campaign at Klerksdorp Hospital on February 18, 2021.
Phill Magakoe | AFP | Getty Images
The CDC has signed the Johnson & Johnson Covid-19 one-shot vaccine for people 18 and older, as the federal government prepares to deliver millions of doses this week. The FDA issued the J&J vaccine, which has been shown to be 72% effective in the US, for emergency use on Saturday. While the other two vaccines have been eliminated in the United States – two-shot regimens from Pfizer and Moderna – each have been shown to be more than 90% effective, White House chief medical officer Dr. Anthony Fauci said Sunday that all three are “really pretty good.” He told NBC’s “Meet the Press” that Americans should get any vaccine they can get.
3. The $ 1.9 trillion pandemic relief bill is being sent to the Senate
Service workers are speaking out in support of the introduction of the Wage Increase Act, which includes a minimum wage of $ 15 for inclined workers, on January 26, 2021 in Washington.
Jemal Countess | Getty Images Entertainment | Getty Images
The chamber approved a $ 1.9 trillion economic stimulus bill backed by President Joe Biden on Saturday. It included $ 1,400 in direct payments to individuals, an increase in federal unemployment of $ 400 a week through the end of August, and billions of dollars in the distribution of coronavirus vaccines and assistance in schools and local governments. The move goes to the Senate, where a provision to raise the federal minimum wage will likely be removed. But, as NBC News points out, the rest of the package appears to be in good shape, as Democrats aim to use a process that does not require Republican support.
4. “Never bet against America,” Buffett says in an annual letter
Warren Buffett, during an interview with CNBC’s Becky Quick, on February 24, 2020. It turned out to be another year in which the billionaire investor avoided purchases that changed the game on an expensive market, even after a gross amount of cash on the market, and his company has a massive cash balance.
Gerald Miller | CNBC
Warren Buffett, the 90-year-old “Omaha Oracle,” remains a staunch believer in the United States, saying in Saturday’s release of his annual shareholder letter from Berkshire Hathaway, who “never bet against America.” In the markets, Buffett said that extremely low interest rates around the world have diminished the attractiveness of bonds. Buffett also said Berkshire’s annual meeting on May 1 will be held in Los Angeles for the first time outside Omaha, Nebraska. Vice President Charlie Munger, who lives in Los Angeles, missed the 2020 meeting due to pandemic travel restrictions. Munger, 97, expects Buffett to join this year.
5. Buffett bets on Berkshire, Apple remains in the top
As Covid-Fallout marketed in 2020, Buffett said in his letter that Berkshire bought shares worth about $ 9 billion in the fourth quarter, bringing last year’s total redemptions to $ 24.7 billion. Apple remains the conglomerate’s largest joint venture, which played a major role in compensating for pandemic damage to Berkshire’s railways and insurance in 2020. The letter did not contain any updates to the succession or details of what Buffett could do with over $ 138 billion in Berkshire. cash available at the end of 2020.
– Follow all the developments on Wall Street in real time with the CNBC Pro live marketing blog. Get the latest pandemic information with our coronavirus blog.