5 things to know before the stock exchange opens on Friday 19 November

Here are the key news, trends and analyzes that investors need to start their trading day:

1. Dow futures sink on concerns over Covid cases in Europe

Markets were higher after new figures from the Ministry of Labor showed that wages outside agriculture rose by 531,000 for the month of October.

Spencer Platt / Getty Images

Dow futures fell more than 200 points as the concern is based on European Covid outbreaks. Austria announced on Friday morning that it will re-enter a full national lockdown due to a resurgence of cases. However, Nasdaq futures were modestly higher, supported by a generally optimistic pre-market for technology stocks. Intuit shares rose more than 13% in Friday’s premarket, the morning after the TurboTax software company blew past quarterly earnings estimates and raised full-year revenue expectations. The Nasdaq and S&P 500 broke records on Thursday and followed positive weeks. The Dow index fell, now more than 1.5% off the record on November 8th. The average of 30 stocks was on pace in a negative week.

2. Austria reintroduces full lockdown, makes vaccines mandatory

Police officers are monitoring compliance with the shutdown in Innsbruck during the first day of a nationwide shutdown for people not yet vaccinated against Covid-19.

Jan Hetfleisch | Getty Images

Austria’s fourth national Covid lockdown starts on Monday and will initially last for 10 days. The country’s unvaccinated are already barred from leaving their homes for non-essential purposes. From 1 February, Austria will make vaccinations compulsory. Covid cases are rising across Europe as the pandemic sweeps across the region, prompting many governments to increase mitigation measures. Germany said on Thursday that unvaccinated people in areas with high hospitalization would be banned from certain places. The Netherlands has introduced a partial lockdown.

3. FDA approves Moderna, Pfizer Covid vaccine booster shots for all US adults

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are shown in this illustration taken March 19, 2021.

Given Ruvic | Reuters

The Food and Drug Administration has approved booster shots from Moderna and Pfizer for use by all ages 18 and older in the United States, another important step toward widespread availability. The Centers for Disease Control and Prevention must still approve the distribution of the additional doses. The CDC’s independent panel of vaccine experts is scheduled to meet on Friday. The Pfizer booster, like Moderna’s extra shots, was previously approved for the elderly and people at high risk. Individuals 18 years and older who received the Johnson & Johnson single-dose vaccine were already eligible for a booster.

4. Biden’s plan for social and climate spending is ready for vote in Parliament

US Capitol in Washington, DC, Tuesday, November 16, 2021.

Stefani Reynolds | Bloomberg | Getty Images

Parliament moved in the direction of a vote on President Joe Biden’s social safety net and climate plan on Friday morning, after a key analysis said it would only increase the budget deficit slightly over a decade. Democrats had watched a Thursday vote, but it was postponed when House Republican leader Kevin McCarthy gave a marathon speech that lasted more than eight hours, beating the modern record set in 2018 by then-House Minority Leader Nancy Pelosi .

5. Sierra Space’s valuation increases as it builds spacecraft, space station

Sierra Space, a unit of the private space contractor Sierra Nevada Corporation, raised $ 1.4 billion in new capital at a valuation of $ 4.5 billion. Funding from General Atlantic, Coatue, Moore Strategic Ventures, BlackRock and AE Industrial Partners represents the first external investment in Sierra Space since its April subsidiary. Sierra Space has two major projects under development: the Dream Chaser spacecraft and the Orbital Reef spacecraft, the latter, which it partnered with Jeff Bezos’ Blue Origin to build.

– The Associated Press contributed to this report. Follow all the marketing action like a pro CNBC Pro. Get the latest news about the pandemic CNBC’s coverage of coronavirus.


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