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5 issues to know earlier than the inventory market opens Monday, March 29

5 things to know before the stock market opens Monday, March 29

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. US futures tumble after Friday’s records for the Dow, S & P 500

Traders on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures fell Monday after a late Friday rally the Dow Jones Industrial Average and S&P 500 rose over 1.4% and nearly 1.7%, respectively, as stocks reopened from a successful reopening benefited from Covid, achieved an outperformance. The Dow and S&P 500, both closing at record highs, posted weekly gains roughly in line with Friday’s progress. Dow’s Boeing stock rose 3% in the pre-market on Monday after Southwest Airlines placed a huge aircraft order. Southwest’s shares rose slightly.

The Nasdaq offset a loss of nearly 1% on Friday and closed 1.2%. However, the tech-heavy index still fell 0.6% over the course of the week. With just three days left in March, the Nasdaq posted a slight monthly loss while the Dow and S&P 500 stood ready to post solid gains for the month.

The 10-year government bond yield remained stable on Monday, trading below its most recent 14-month high. The rapid surge in yields this year has been problematic for growth stocks, including many technical names, as higher interest rates undermine the value of future earnings and depress market valuations.

2. Credit Suisse and Nomura are affected by the fallout from the US hedge fund

Credit Suisse Bank.

NurPhoto | NurPhoto | Getty Images

Credit Suisse warned Monday of a “highly significant” slump in its first quarter results after the Swiss-based bank began exiting positions in a large US hedge fund that collapsed on margin calls last week. Japanese company Nomura is currently evaluating a potential loss of an estimated $ 2 billion. The shares of Nomura and Credit Suisse were added on the Monday before the IPO.

The hedge fund at the center of the fallout is Archegos Capital Management, which was forced to liquidate positions late last week. The moves of the multi-billion dollar US family office founded by former Tiger stock analyst Bill Hwang sparked a wave of selling pressure on US media stocks and Chinese Internet ADRs on Friday.

3. The cargo ship ever to block the Suez Canal is partially floating

A view shows the Ever Given container ship in the Suez Canal in this satellite image from Maxar Technologies captured on March 28, 2021.

Maxar Technologies | Reuters

The giant container ship Ever Given, which blocked the Suez Canal, was partially floated again early Monday, days after the ship got stuck and halted a major global trade route. The Suez Canal Authority said the ship’s course has been corrected by 80% and further maneuvers will continue if the water level rises later in the day. It remains unclear when the waterway will be opened to traffic again as hundreds of ships waited to enter the Suez. Maritime data showed that at least 10 tankers and container ships changed course to avoid the congestion, including U.S. ships carrying natural gas for Cheniere and Shell / BG Group.

4. Biden to advance infrastructure before health and family care

President Joe Biden will hold his first formal press conference in the East Room of the White House in Washington, USA on March 25, 2021.

Leah Millis | Reuters

President Joe Biden will split his sweeping plan to improve the nation’s infrastructure into two parts. Biden will unveil the first part of his plan on Wednesday, which will focus on issues such as rebuilding roads and railways. The second part – including childcare and health care reforms, aspects of infrastructure sometimes referred to as social infrastructure – will be released “in just a few weeks,” White House press secretary Jen Psaki said Sunday. Overall, the legislation is expected to cost more than $ 3 trillion.

5. Fauci only warns the USA “on the corner” of the Covid pandemic

Anthony Fauci, director of the National Institute for Allergies and Infectious Diseases at the NIH, speaks about the daily press conference at the White House in Washington on January 21, 2021.

Jonathan Ernst | Reuters

With the possibility of safe summer barbecues in just a few months and the promise of widespread supplies of Covid vaccines in the US by the end of May, many Americans may feel that the nation has finally taken action against the pandemic. The Chief Medical Officer of the White House, Dr. Anthony Fauci, however, warned that America was really only “on the corner”.

According to a CNBC analysis of the Johns Hopkins University data, daily daily US cases rose 12% in the past seven days, despite being well below their January high. Almost half of people aged 65 and over have taken all the necessary recordings, according to CDC data. However, only 20% of the adult population are considered fully vaccinated.

– Get the latest on the pandemic using CNBC’s coronavirus blog.

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Health

5 issues to know earlier than the inventory market opens Thursday, March 25

5 things to know before the stock market opens Thursday, March 25

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Stock futures are going lower on comments from Fed Chairman Powell

Traders on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures fell Thursday after Federal Reserve Chairman Jerome Powell told NPR’s Morning Edition that Covid stimulus and vaccinations could help the US economy recover faster than expected that central bankers may at some point be able to withdraw the emergency aid.

The late-day selling reversed gains, dragging the S&P 500 down 0.6% on Wednesday. The Dow Jones Industrial Average fell in the closing seconds of Wednesday’s session. The Nasdaq fell 2% after a slightly higher open gave way to a selling day. Tech stocks were lower despite 10-year government bond yields below the recent 14-month high as market rotation from soaring growth names continued. The Nasdaq last closed at a record high in February. The Dow and S&P 500 last closed at record highs last week.

The Department of Labor reported 684,000 Thursday morning new claims for unemployment benefit last week. That was much better than estimates for 735,000, and for the first time since the Covid pandemic started just over a year ago, initial weekly jobless claims were below 700,000.

A separate government release on Thursday morning showed that US economic growth was stronger than expected in the fourth quarter. The third and final reading of gross domestic product in the fourth quarter found it was up 4.3% from previous estimates and the Wall Street consensus of 4.1%.

2. AstraZeneca revises Covid vaccine data with a lower effectiveness rate

A healthcare worker prepares to inject a vaccine against AstraZeneca coronavirus disease (COVID-19).

Eloisa Lopez

AstraZeneca has released updated Covid vaccine numbers from its late-stage study in the US and Latin America after US health officials questioned the accuracy of preliminary data earlier this week. The UK-based drug giant now says its vaccine is 76% effective against symptomatic virus cases. A press release published on Monday found an effectiveness rate of 79%. AstraZeneca reiterated that its two-shot regime was “well tolerated” among participants and no safety concerns were identified.

3. Biden holds first presidency press conference

United States President Joe Biden replaces his face mask after an Equal Pay Day event in the South Court Auditorium in the Eisenhower Executive Office Building on March 24, 2021 in Washington, DC.

Chip Somodevilla | Getty Images

The White House announced Thursday that it is allocating an additional $ 10 billion to boost vaccination rates in low-income, minority and rural communities. More than 25% of the total US population received at least one dose of vaccine, including 14% who were fully vaccinated. The Pfizer and Moderna vaccines require two shots, while the Johnson & Johnson vaccine contains only one shot.

Against the backdrop of increasing cases of Covid in many states and more than 30 million U.S. infections, President Joe Biden will hold his first presidential press conference. He is expected to indicate a surge in vaccinations, which is driving signs for the economy and what benefits Americans will get from the latest major stimulus package. After mass shootings in Colorado and Georgia, he is also likely to face a variety of issues, from border security between the US and Mexico to gun control.

4. Oil prices are falling as Covid concerns outweigh the Suez Canal disruption

Cropped satellite images captured on March 23, 2021 show the cargo container ship Ever Given blocking the Suez Canal in Egypt.

Planet Labs

Oil prices fell Thursday as fuel demand concerns resurfaced and worries about regressions in the global fight against Covid resurfaced. US benchmark West Texas Intermediate Crude Oil and Brent International Benchmark prices each fell around 2% a day after falling nearly 6% due to ship disruptions caused by the landing of a giant container ship in the Suez Canal, a major oil trading route. had risen. It could take weeks to fix the problem, according to the CEO of a Dutch company helping with the recovery effort.

5. Legislators urge technical CEOs to use language and misinformation

Facebook CEO Mark Zuckerberg says before the House’s Antitrust, Commercial and Administrative Law Subcommittee during a hearing on “Online Platforms and Market Power” in the Rayburn House office building on Capitol Hill in Washington, DC on July 29th 2020 off.

Almond Ngan | Pool via Reuters

Those in charge of Big Tech should testify on Thursday at a hearing of the virtual house panel how they should prevent their platforms from spreading falsehoods and inciting violence. Mark Zuckerberg, CEO of Facebook, Jack Dorsey, CEO of Twitter, and Sundar Pichai, CEO of Alphabet, which owns Google and YouTube, become one after the January 6 riot at the U.S. Capitol and the rise in misinformation about Covid vaccines be exposed to increased pressure. Increasingly, Congress supports the introduction of new restrictions on the legal protection of speeches published online.

– Associated Press and Reuters contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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Health

5 issues to know earlier than the inventory market opens Friday, March 26

5 things to know before the stock market opens Friday, March 26

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Dow to complement Thursday’s late session comeback

Traders work on the trading floor of the New York Stock Exchange.

NYSE

Pedestrians wearing protective masks carry shopping bags in San Francisco, California on Wednesday, February 17, 2021.

David Paul Morris | Bloomberg | Getty Images

The trading department reported Friday morning that personal income fell 7.1% in February, which was roughly in line with expectations. Personal savings fell 1% last month, which is also broadly in line with estimates. Both income and savings numbers were strong in January as Americans received approved Covid stimulus checks in December. Another round of direct payments to many Americans approved in March could appear in the data in the coming months.

2. The office sharing company WeWork signs a new deal to go public

A guest attends the opening ceremony of WeWork Hong Kong’s flagship facility in Hong Kong, China, on Feb.23, 2017.

Bobby Yip | Reuters

WeWork, which went public in 2019 after a dwindling valuation and the resignation of co-founder Adam Neumann, has hit a new deal to go public. The office sharing company agreed on Friday to partner with acquisition company BowX Acquisition Corp. to merge. The transaction values ​​WeWork at $ 9 billion, a fraction of its one-time valuation of approximately $ 47 billion. According to the announcement, BowX’s shares rose 2.5% on the Friday before going public.

3. GameStop stocks open higher after rising above 50%

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop shares rose roughly 10% on the Friday before entering the market, the morning after a five-time losing streak and up 52%. There was no obvious news on Thursday. GameStop was the most famous “meme stock” that was popular with retailers on Reddit and other social media platforms. The stock lost about a third of its value on Wednesday after the video game retailer delivered disappointing fourth quarter results, failed to detail its digital turnaround plans and confirmed it was considering selling more shares.

4. Tesla ordered Elon Musk to delete anti-union tweet

Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves as he arrives for a discussion at the Satellite 2020 conference in Washington, DC on Monday, March 9, 2020.

Andrew Harrer | Bloomberg | Getty Images

The National Labor Relations Board urged Tesla to get Elon Musk to delete a tweet that was viewed as a threat to work organizers at the company. The independent federal agency also ordered Tesla to reinstate a laid-off employee, Richard Ortiz, a union attorney. Tesla must also compensate Ortiz for lost earnings, benefits, and adverse tax consequences resulting from his termination. The NLRB’s decision largely corresponded to the decision of an administrative judge in 2019, which Tesla had appealed to the full board.

5. Delays in blocking the Suez Canal estimated at $ 400 million an hour in goods

The stranded container ship Ever Given, one of the largest container ships in the world, ran aground in the Suez Canal in Egypt on March 25, 2021.

Suez Canal Authority | Reuters

The Ever Given, a stranded mega-container ship in the Suez Canal, trades an estimated $ 400 million an hour based on the approximate value of goods transported daily through the key waterway. That’s according to shipping data and news company Lloyd’s List. Lloyd’s estimates traffic to the west of the Canal at around $ 5.1 billion per day and traffic to the east at around $ 4.5 billion per day. The Suez Canal, which separates Africa from Asia, is one of the busiest trade routes in the world.

– Get the latest on the pandemic using CNBC’s coronavirus blog.

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Business

5 issues to know earlier than the inventory market opens Wednesday, March 24

5 things to know before the stock market opens Wednesday, March 24

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Stocks will pick up again after Tuesday’s wide sell-off

People are seen on Wall Street in front of the New York Stock Exchange (NYSE) in New York City on March 19, 2021.

Brendan McDermid | Reuters

2. Yellen, Powell for day 2 of business report

Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell on his swearing-in ceremony for a new term on the Fed’s Board of Directors in this flyer photo taken and posted on June 16, 2014.

US Federal Reserve | Reuters

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell will provide a second day of economic statements to lawmakers as required by the March 2020 quarterly Covid Relief Act. You will remotely appear before the Senate Banking Committee at 10 a.m. CET. On Tuesday they told the House Financial Services Committee that increased valuations of assets in the pockets of the markets were not yet a cause for concern. Yellen and Powell also said they are confident in the stability of the financial sector as the U.S. economy continues to recover from the pandemic.

3. GameStop goes down after confirmation of a possible sale of stocks

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop shares fell 12% on the Wednesday leading up to the IPO after the company confirmed in a message that it was considering selling additional shares. The stock rose more than 2,400% in the Reddit trading frenzy in January before crashing. It made a comeback in late February and early this month in the hope of digital transformation. However, the last few days’ stocks have been down. After the closing bell on Tuesday, GameStop missed the upper and lower profit margins with quarterly results. However, in the quarter, ecommerce sales grew 175%. The company also named former Amazon and Google CEO Jenna Owens as its new chief operating officer.

4. Intel builds new chip systems; Amazon appoints new cloud boss

Pat Gelsinger, CEO of Intel, speaks in a photo taken as CEO of VMware on March 9, 2017 in Santa Monica, California.

Patrick T. Fallon | Bloomberg | Getty Images

Dow stock Intel rose roughly 4% in premarket trading after the company announced late Tuesday that it would spend $ 20 billion to build two new semiconductor factories in Arizona. The announcement, which coincides with the first public statements by new CEO Pat Gelsinger since taking the contract, signals that Intel will continue to focus on manufacturing during the industry shifts that have led competitors to increasingly separate chip design and manufacturing will focus.

Andy Jassy, ​​CEO of Amazon Web Services, speaks at the WSJD Live conference on October 25, 2016 in Laguna Beach, California.

Mike Blake | Reuters

Andy Jassy, ​​CEO of Amazon, who has headed the company’s cloud business for 15 years, revealed his successor at Amazon Web Services in a memo. Adam Selipsky, former managing director of Amazon and currently CEO of Salesforce’s own manufacturer of data visualization software Tableau, has been selected to lead the AWS department.

5. Elon Musk Says People Can Now Buy A Tesla Using Bitcoin

Tesla, led by Elon Musk, confirmed it bought around $ 1.5 billion worth of bitcoin in January and expects it to be accepted as payment in the future.

Artur Widak | NurPhoto | Getty Images

Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the US with Bitcoin. “You can now buy a Tesla with Bitcoin,” tweeted CEO Musk, who was officially named “Technoking of Tesla” this month. People outside the US can buy a Tesla with Bitcoin “later this year,” Musk said, without specifying which countries. The electric car maker announced in February that it had bought $ 1.5 billion worth of Bitcoin. At the time, Tesla said it would soon start accepting the world’s largest and most popular cryptocurrency as payment.

– Get the latest on the pandemic using CNBC’s coronavirus blog.

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5 issues to know earlier than the inventory market opens Thursday, March 18

5 things to know before the stock market opens March 12, 2021

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Nasdaq, S&P 500 Futures Affected by Another Rise in Treasury Yields

A man walks in front of the Nasdaq building in Times Square on March 10, 2021 in New York.

John Smith | Corbis News | Getty Images

A woman walks outside a store in New York City on February 22, 2021.

John Smith | Corbis News | Getty Images

As the Fed raised its outlook for economic growth and inflation, it lowered its forecast for the unemployment rate this year to 4.5%. The unemployment rate in February was 6.2%. In another reference to the employment picture, the Ministry of Labor reported more than expected 770,000 new applications for unemployment benefit on Thursday morning despite loose Covid reduction measures in the past week. Economists had expected 700,000 initial unemployment claims.

2. Bond traders continue to battle the Fed over rates

Federal Reserve Chairman Jerome Powell speaks at a virtual press conference in Tiskilwa, Illinois on December 16, 2020.

Daniel Acker | Bloomberg | Getty Images

Despite assurances from the Fed that near zero rates are unlikely to rise until 2023, the yield on 10-year government bonds hit 1.74% on Thursday, a high through January 2020 as traders continued to battle central banker rates. The rapid rise in the benchmark yield, which started below 1% this year, has weighed on high-growth stocks, many of which are technology companies on the Nasdaq, as higher interest rates undermine the value of future earnings and depress market valuations. In addition to releasing forecasts on Wednesday afternoon after its two-day March meeting, the Fed left interest rates and asset purchase program unchanged.

3. Top Biden officials and Chinese diplomats meet

U.S. Secretary of State Antony Blinken speaks during a joint press conference following the meeting of Foreign and Defense Ministers between South Korea and the United States at the State Department in Seoul, South Korea, on March 18, 2021.

Lee Jin-Man | Reuters

America’s top diplomat urged China early Thursday to use “enormous influence” to convince North Korea to abandon its nuclear program hours after secluded Pyongyang vowed to ignore any US overtures to resume negotiations. State Secretary Antony Blinken spoke in Seoul at the end of the security talks with South Korea.

Blinken will meet senior Chinese officials on his way back to Washington Thursday in Anchorage, Alaska. Relations between the world’s two largest economies have been torn for years, and the Biden administration has yet to signal whether it is ready or ready to back off the tough stance of former President Donald Trump.

4th house to vote on two immigration laws, including one for “dreamers”

Protesters hold illuminated signs during a rally supporting the Deferred Action for Childhood Arrivals (DACA) program or the Dream Act outside the U.S. Capitol in Washington, DC on January 18, 2018.

Zach Gibson | Bloomberg | Getty Images

The House was due to vote on Thursday on a bill that would give so-called dreamers, immigrants brought to the United States as children, full legal status and a chance for citizenship. A second measure would do the same for agricultural workers with a migrant background. Both measures certainly seemed to pass. When similar versions of the bills were passed in 2019, seven Republicans voted in favor of the Dreamers bill and 34 backed the farm workers’ move. However, support for the GOP is expected to wane this time around as the party rallies behind calls for tighter restrictions on the US-Mexico border.

5. The federal tax return day on April 15th was postponed until May 17th

IRS headquarters in Washington, DC

Samuel Corum / Bloomberg via Getty Images

The tax return date on April 15th has been postponed by one month. Taxpayers can also delay paying funds owed to the IRS until May 17th. However, the extended period only applies to federal income declarations and taxes. This means taxpayers will need to check to see if state tax due dates have changed. Not all federal states follow the same registration plan as the federal government. The call for a tax day delay has been heightened following the adoption of the latest Covid Relief Plan, which mandates the IRS to submit another round of direct payments at the same time it normally processes tax returns and refunds.

– The Associated Press contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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5 issues to know earlier than the inventory market opens Friday, March 19

5 things to know before the stock market opens Friday, March 19

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Single stock futures reduced profits after Thursday’s sale

Traders work on the trading floor of the New York Stock Exchange.

NYSE

US stock futures cut profits after the Federal Reserve refused on Friday to extend a pandemic rule that eased the amount of capital banks had to hold against treasuries and other holdings. The move could boost bond yields further. Rising government bond yields weighed on technology stocks again on Thursday, causing the Nasdaq to fall 3%. The S&P 500, which also has a high tech weighting, fell almost 1.5% from its previous record close. Both stock benchmarks had their worst days in nearly a month. The Dow Jones Industrial Average fared much better, but was still down nearly 0.5% from its previous record close. The Nasdaq and S&P 500 were lower for the week at Thursday’s close, while the Dow was higher for the week.

2. The bond market rebels when it adjusts to the Fed’s inflation policy

Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill, Washington, the United States, on Dec. 1, 2020.

Al Drago | Reuters

The 10-year government bond yield pulled back slightly on Friday, a day after hitting a 14-month high of 1.754%. Traders were outraged by the Federal Reserve’s willingness to let the economy and inflation heat up when the job market rebounds. Yields barely moved on Wednesday afternoon after the Fed’s meeting ended, initially responding to the forecast that there should be no rate hikes until 2023. The rapid rise in yields is due to fears that further Covid stimuli, on top of an already recovering economy, could trigger worrying inflation. The 10 year return started the year at less than 1%.

3. Nike Sales Miss Estimates; Beat FedEx Revenue

The Nike logo can be seen in the Nike Store in New York City on February 22, 2021.

John Smith | Corbis News | Getty Images

Dow stock Nike fell 2.5% in the pre-market on Friday the morning after the athletic footwear and apparel maker reported third-quarter sales that missed estimates. Sales growth of 2.5% to $ 10.36 billion was negatively impacted by widespread congestion in US ports and ongoing store closures in Europe. Nike also provided a sub-consensus forecast. However, the company beat estimates by 14 cents on earnings of 90 cents per share for the third quarter.

Boxes containing the Moderna COVID-19 vaccine are being prepared for shipment at the McKesson distribution center in Olive Branch, Mississippi, United States, on December 20, 2020.

Paul Sancya | Reuters

FedEx, a component of the Dow Jones Transportation Average, rose 5% on the Friday ahead of the market. The delivery giant after the bell on Thursday reported earnings of $ 3.47 per share for the third quarter, 24 cents better than expected. Revenue rose 23% to $ 21.51 billion, also significantly beating estimates. Large Christmas sales made up for storms in February that affected operations at several of Fedex’s largest hubs.

4. The US has administered over 100 million Covid shots, according to the CDC

United States President Joe Biden speaks on vaccination status during a coronavirus disease (COVID-19) response in the East Room of the White House in Washington on March 18, 2021.

Carlos Barria | Reuters

The CDC’s nightly updated vaccine tracker showed Friday morning that 115.7 million Covid vaccine doses had been administered in the U.S. and hit President Joe Biden’s first 100 million shots in his first 100 days in office well ahead of schedule. Last week, Biden said he expected to hit the goal on day 60. It happened on Day 57. As vaccinations progressed in the US, the Biden government on Thursday revealed the outline of a plan to distribute limited doses of vaccine to Canada and Mexico.

5. The first US-China meeting under Biden got off to a rocky start

US Secretary of State Antony Blinken speaks to Yang Jiechi, Director of the Central Commission’s Office for Foreign Affairs and Wang Yi, China’s Foreign Secretary 2021, at the opening session of the US-China Talks on March 18 at the Captain Cook Hotel in Anchorage, Alaska .

Frederic J. Brown | AFP | Getty Images

The first high-level meeting of U.S. and Chinese officials under the Biden administration began with a series of insults at a press briefing ahead of the meeting in Alaska on Thursday. The planned four-minute photo session for officers to address reporters lasted an hour and 15 minutes, according to NBC News due to the foamy exchange. The expectations for the two-day talks, which should be concluded on Friday, were already low.

– The Associated Press contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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Gasoline demand rebounds to almost regular March ranges, in accordance with newest GasBuddy knowledge

Gasoline demand rebounds to nearly normal March levels, according to latest GasBuddy data

A customer refuels a vehicle at a gas station in Peoria, Illinois.

Daniel Acker | Bloomberg | Getty Images

U.S. gasoline demand is nearing normal levels as Americans took to the streets again amid the economic recovery and the introduction of the Covid-19 vaccine.

Demand is almost at the normal March level and continues to rise according to the latest data from GasBuddy. Thursday demand was 17.5% higher than the average for the four previous Thursdays.

“There has been an impressive rebound in demand over the past few weeks and I continue to be surprised every day,” noted Patrick De Haan, Head of Petroleum Analysis at GasBuddy.

Except for one Sunday, every day since February 20th has seen positive percentage growth. There are, of course, many factors that drive gas demand. One of them could be people driving long distances for Covid-19 vaccines. The spring break could also be a driving force.

Nevertheless, the trend shows an upward trend.

“It’s still March, which means the economy is recovering and we’re approaching summer. All the signs point to higher demand than I think almost everyone expected just a few months ago,” added De Haan.

Source: GasBuddy

The graph above shows the recovery in demand. It compares daily gas mileage to February 2020, which was just before the US stalled.

The data showed that demand last Thursday was 1.8% higher than last Thursday before the Covid lockdown took effect in 2020. However, the data is not seasonally adjusted and February tends to be the weakest month for gas demand .

More consumers on the street combined with a decline in gasoline supplies have pushed prices up.

“On average, Americans pay 14% more to refuel than in February,” said Jeanette McGee, AAA spokeswoman, in a statement on Monday. “Given the increased demand and the tighter gasoline supply, we expect more expensive pump prices with little relief in the coming weeks.”

On Friday, the national average for a gallon of gasoline, according to the AAA, was $ 2.886, up 69 cents or 31.4% year over year.

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5 issues to know earlier than the inventory market opens March 12, 2021

5 things to know before the stock market opens March 12, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. The Nasdaq is likely to fall as technology stocks collapse on rising bond yields

A man walks in front of the Nasdaq building in Times Square on March 10, 2021 in New York.

John Smith | Corbis News | Getty Images

Nasdaq futures fell 200 points, or 1.5%, on Friday, the day after the tech-heavy index rose 329 points, or 2.5%, on gains like Apple, Facebook and Google’s parenting alphabet. As bond yields rose again on Friday, technology stocks resumed their recent decline. The Dow Jones Industrial Average should rise and the S&P 500 should fall after both benchmarks closed at record highs on Thursday as expectations of an economic rebound from the new $ 1.9 trillion coronavirus bailout set sentiment on Wall Street.

2. The yield on 10-year government bonds is recovering to an annual high

The stock market, tech names in particular, has been taken hostage by the bond market. Recently, when yields are rising, technology stocks are falling, and when yields are falling, technology stocks are rising. The yield on 10-year government bonds, which is moving in the opposite direction to the price, rose to around 1.6% on Friday, hitting recent one-year highs again. The 10-year yield hit as high as 1.62% earlier this month before pulling back. Higher interest rates hurt the value of growth companies’ future earnings and compress their stock valuations. Tame consumer inflation capped bond yields on Thursday. The government reported Friday that February producer prices rose 0.5%, in line with expectations.

3. Biden instructs states to qualify all adults for Covid vaccines by May 1st

President Joe Biden gestures as he speaks in the East Room of the White House in Washington, DC on March 11, 2021, on the anniversary of the start of the Covid-19 pandemic.

Almond Ngan | AFP | Getty Images

President Joe Biden is instructing states to qualify all adults for the coronavirus vaccines by May 1. In his first prime-time address on Thursday, he also said that hopefully Americans should gather in small groups to celebrate July Fourth. Biden’s speech came exactly one year after the pandemic was declared and one year after ex-President Donald Trump’s speech announcing temporary travel bans from Europe to the United States. At the time, Trump downplayed the coronavirus. In contrast, on Thursday evening, Biden emphasized that Covid is still a serious threat. He spoke hours after the bill was signed on the recently passed US $ 1.9 trillion aid bill.

4. Novavax’s vaccine is 96% effective against the original coronavirus

A woman holds a small bottle that says “Coronavirus COVID-19 Vaccine” and a medical syringe in front of the Novavax logo displayed in this illustration, taken on October 30, 2020.

Given Ruvic | Reuters

Novavax’s Covid-19 vaccine was 96% effective in preventing cases caused by the original version of the coronavirus. There were no cases of serious illness or death among those who received the two-shot vaccine. It was also about 86% effective in protecting against the more contagious variant of the virus, which was first discovered in the UK. However, in a separate, smaller study in South Africa that resulted in another newer, contagious strain, the vaccine was only about 55% effective.

5. Netflix is ​​testing a crackdown on password sharing

Detail of a man’s hand scrolling through Netflix on an Apple iPad Pro, taken on March 6, 2020.

Phil Barker | Future Publishing | Getty Images

Netflix, which has never had much to do with password sharing, is testing a new policy that will require some users to sign up for a separate account when they’re not watching with the subscriber. “This test is designed to ensure that people using Netflix accounts are eligible,” the company said in a statement, while it found that “hundreds” of tests are conducted on selected customers each year. According to research firm Magid, around 33% of all Netflix users share their password with at least one other person.

– Reuters contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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5 issues to know earlier than the inventory market opens March 9, 2021

5 things to know before the stock market opens March 9, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Nasdaq will rebound while Dow will rally for three days

Traders on the floor of the New York Stock Exchange.

Source: NYSE

2. Tesla shares bounce back after five sessions, 21% sell-off

In this photo illustration, a Tesla logo is displayed on a smartphone with the stock market graphic in the background.

Omar Marques | LightRocket | Getty Images

Tesla’s shares rose about 5% on the Tuesday before going public, after falling 21% for five consecutive days. The stock, which is still up 300% over the past 12 months, was more than 36% below its record high from January. Elon Musk’s Tesla, no stranger to wild swings, saw the bear market decline in both March and September 2020. Ark Investment Management’s founder, Cathie Wood, a major Tesla investor and believer, told CNBC on Monday that she wasn’t worried about the recent decline in her funds and that the bull market for stocks is simply moving towards more strategies like value expands.

3. GameStop is rising again, with a focus on e-commerce

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop stock rose another 11% on Tuesday ahead of the market after closing 41% at $ 194 each. Monday’s strong rally came after Ryan Cohen, a major GameStop shareholder and board member, was won over to convert the video game retailer to e-commerce. Cohen, also co-founder of online pet dealer Chewy, invested in GameStop last year, which helped kick off the stock’s wild Reddit ride earlier this year. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday morning.

4th House to vote on Democrats’ $ 1.9 trillion Covid incentive

Senate Majority Leader Chuck Schumer (D-NY) speaks about the US Senate’s recent Coronavirus Disease (COVID-19) Act during a press conference in Manhattan, New York on March 8, 2021 has passed.

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Parliament plans to pass the $ 1.9 trillion law to ease the coronavirus this week after being approved by the Senate on Saturday. President Joe Biden is expected to sign the legislation before federal unemployment programs expire on Sunday. The plan includes additional unemployment benefits, rental benefits, Covid vaccination grants, and direct payments of up to $ 1,400 to most Americans expected to go out this month. When the House passed a different version of the plan last month, no Republicans backed it and two Democrats opposed it.

5. CDC issues initial guidelines for fully vaccinated individuals

90-year-old Barbara Comer received her second Pfizer BioNTech COVID-19 vaccine shoot from CVS pharmacist Sheila Esgro on Wednesday during a clinic at The Watermark in Bellingham, East Goshen.

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The CDC released its first guidelines for people fully vaccinated against Covid, saying those immunized can safely visit other vaccinated people around the house without wearing a mask or social distancing. Vaccinated people can also visit some unvaccinated people without masks or social distancing. However, the CDC said everyone should refrain from traveling. Someone is considered fully vaccinated two weeks after a single shot of the newly approved Johnson & Johnson vaccine, or two weeks after the second shot of the Moderna or Pfizer two-dose regimen.

– Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.

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5 issues to know earlier than the inventory market opens March 8, 2021

5 things to know before the stock market opens March 8, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Nasdaq fell sharply after Friday’s comeback

Scaffolding across from the New York Stock Exchange (NYSE) in the financial district of New York on Friday, March 5, 2021.

Michael Nagle | Bloomberg | Getty Images

US stock futures were mostly lower on Monday, with a sharp drop in Nasdaq and tech names indicating that the new week should begin on Friday after the major turnaround. Tesla lost another 2% in the pre-market after closing below $ 600 per share for the first time since early December on Friday. The stock has lost a third of its value since its all-time high in late January.

The Dow Jones Industrial Average, S&P 500 and Nasdaq lost all three sessions on Friday with strong advances. During the week the Dow and S&P 500 rose 1.8% and 0.8%, respectively. However, the Nasdaq fell 2% last week. The Dow and S&P 500 are up nearly 3% and 2.3%, respectively, since the start of the year. The Nasdaq was just above breakeven before opening on Monday.

2. Government bond yields rise after Senate Covid bill is passed

U.S. Senate Majority Leader Senator Chuck Schumer (D-NY) speaks during a weekly press conference at the U.S. Capitol on March 2, 2021 in Washington, DC.

Alex Wong | Getty Images News | Getty Images

The Senate’s passage of the $ 1.9 trillion Covid Relief Act on Saturday was insufficient to move stocks into Green Monday as further economic stimulus in addition to an already recovering economy fueled inflation concerns . This translates into higher bond yields on Monday. The 10-year yield on government bonds is 1.6%, below Friday’s one-year high. The 10-year yield has risen rapidly since late January, gaining more than 0.5% in just over a month.

3. Biden Says Direct Payments will soon reach $ 1,400

United States President Joe Biden speaks during a roundtable meeting with Americans who will benefit from COVID-19 pandemic relief efforts, which are part of the U.S. rescue plan on March 5, 2021 in Washington, DC.

Samuel Corum | Getty Images

The Democratic House intends to pass the Senate-approved Covid stimulus package on Tuesday and then send it to President Joe Biden for signature. The bill passed in the Senate on Saturday provides for a lower compromise for federal unemployment benefits and without an increase in the federal minimum wage. Legislation provides for direct payments of up to $ 1,400 to most Americans, which Biden says could go out within two weeks on Saturday.

4. Stocks to watch: Disney, Comcast, GameStop, GE

An entrance area to Disneyland is empty on September 30, 2020 in Anaheim, California.

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Disney shares rose more than 1% on the Monday leading up to trading after California officials released theme parks on Friday to open with reduced capacity on April 1. They closed almost a year ago due to the pandemic. The contract includes Disneyland in the southern part of the state, Comcast’s Universal Studios Hollywood, and others. Disney World in Florida and Universal Studios Orlando opened with capacity restrictions in the summer. Comcast, the parent company of NBCUniversal and CNBC, fell ahead of the market.

A man watches GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop’s shares rose about 12% on the Monday before entering the market after Bloomberg reported the company tapped board member Ryan Cohen to steer the video game retailer’s transition to an e-commerce business. Cohen, a major GameStop investor and founder of online pet retailer Chewy, will lead a board task force on digital change.

Larry Culp, CEO of General Electric

Scott Mlyn | CNBC

According to The Wall Street Journal, General Electric is on the verge of a $ 30 billion deal to combine its aircraft leasing business with Ireland’s AerCap Holdings. GE Capital Aviation Services is one of the world’s largest jet leasing companies, leasing passenger aircraft from companies such as Boeing and Airbus. GE shares rose about 2.5% on the Monday leading up to its IPO. The AerCap share gained 12%.

5. Oil prices rise after the attack on facilities in Saudi Arabia

Brent crude, the international oil benchmark, rose above $ 70 a barrel on Monday for the first time in more than a year. The surge came after Saudi Arabia said on Sunday that its facilities in Saudi Aramco were attacked by rockets and drones. Yemen’s Iranian-centric Houthi movement took responsibility for the attack. West Texas Intermediate Crude Oil, the US benchmark, also rose, trading above $ 66 on a nearly two-year high.

– Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.