Here are the most important news, trends and analyzes that investors need to start their trading day:
1. The Nasdaq returned as the Dow left for the three-day rally
Traders on the floor of the New York Stock Exchange.
Source: NYSE
2. Tesla shares jumped after five sessions, 21% sale
In this photo illustration, a Tesla logo seen displayed on a smartphone with the stock chart in the background.
Omar Marques | LightRocket | Getty Images
Tesla shares rose about 5% in Tuesday’s premarket, after falling 21% in five consecutive days. The stock, up another 300% in the last 12 months, fell by more than 36% from record highs in January. Elon Musk’s electric car maker, alien to the wild swings, saw bear market declines in both March and September 2020. Ark Investment Management founder Cathie Wood, a major investor and lender of Tesla, said CNBC Monday that it is not worried about the recent decline in its funds and the fact that the stock market is simply expanding to include more strategies, such as value.
3. GameStop is growing again with the move to e-commerce
A man is talking on the phone in front of GameStop on 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop shares added another 11% to Tuesday’s premarket, after closing 41% at $ 194 each. Monday’s strong rally came after Ryan Cohen, a major GameStop shareholder and board member, was exploited to lead the video game retailer’s shift to e-commerce. Cohen, also co-founder of online pet retailer Chewy, invested in GameStop last year, which helped kick off the Reddit-powered wild ride earlier this year. The Senate Banking Committee is set to hold a hearing in the GameStop saga on Tuesday morning.
4. The House is to vote on the Covid Democrats’ $ 1.9 trillion stimulus
U.S. Senate Majority Leader Chuck Schumer (D-NY) talks about coronavirus disease relief legislation (COVID-19) recently passed by the U.S. Senate at a news conference in Manhattan, New York, March 8, 2021.
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The chamber plans to pass the $ 1.9 trillion coronavirus bailout bill to Democrats this week, after Senate approval Saturday. President Joe Biden is expected to sign the legislation before federal unemployment programs expire on Sunday. The plan includes additional benefits for the unemployed, rental assistance, Covid vaccination funds and direct payments of up to $ 1,400 to most Americans, which are set to begin this month. When the House passed a different version of the plan last month, no Republican backed it and two Democrats opposed it.
5. The CDC issues the first guidelines for fully vaccinated individuals
Barbara Comer, 90, receives the second filming of the Pfizer BioNTech COVID-19 vaccine from CVS pharmacist Sheila Esgro during a Watermark clinic in Bellingham, East Goshen, on Wednesday.
Pete Bannan | MediaNews Group | Getty Images
By publishing its first guidelines for people who have been completely vaccinated against Covid, the CDC said those immunized can safely visit other people vaccinated indoors without wearing a mask or social distances. Vaccinated people can visit some unvaccinated people without masks or social distance. However, the CDC said everyone should refrain from traveling. Someone is considered fully vaccinated every two weeks, either after a single shot of the new Johnson & Johnson-authorized vaccine, or two weeks after the second shot of the Moderna or Pfizer two-dose regimens.
– Get the latest information on the Covid pandemic with the CNBC coronavirus blog.