5 things to know before the stock market opens Friday, Sept. 10


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

1. Dow, S&P 500 set to bounce after four sessions of losses

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021.

Michael Nagle | Bloomberg | Getty Images

U.S. stock futures bounced Friday after the Dow Jones Industrial Average and S&P 500 posted their fourth straight session of losses. The Nasdaq on Thursday saw its second down day in a row. All three stock benchmarks were tracking for negative weeks as concern persisted on Wall Street about the delta Covid variant’s impact on the economic reopening. As of Thursday, the Dow was 2% away from last month’s record close. The S&P 500 and Nasdaq were nearly 1% shy of their latest record closes earlier this month.

Investors are also questioning about how headwinds for the economy and rising inflation might play into the Federal Reserve’s decision on when to start tapering Covid-era bond purchases. The government said Thursday its August producer price index rose 0.7%, a bit more than estimates, after a 1% jump in July. The ex-food and energy core rate increased 0.6%, which matched expectations. The August PPI rose 8.3% on an annual basis, the biggest advance on record.

2. Covid mortgage bailouts expiring fast, but foreclosure crisis unlikely

GeorgePeters | Getty Images

Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a far better position now than they were at the start of the pandemic. The number of active mortgage forbearance plans, in which borrowers were allowed to delay their monthly payments for 18 months, fell by more than 5% from the previous week, according to a new report from analytics firm Black Knight. The drop was driven by August expirations. Down from a roughly 5 million borrower peak in May 2020, there are still 1.618 million in forbearance programs, or 3.1% of all outstanding mortgages.

3. Biden outlines plan to mandate Covid vaccines for millions

US President Joe Biden delivers remarks on plans to stop the spread of the Delta variant and boost Covid-19 vaccinations at the State Dinning Room of the White House, in Washington, DC on September 9, 2021.

Brendan Smialowski | AFP | Getty Images

An exasperated President Joe Biden outlined a broad plan Thursday to boost Covid vaccination rates in the U.S., pressuring private employers to immunize their workforce as well as mandating shots for federal employees, contractors and health-care workers. The president’s moves were supported by the American Medical Association, the National Association of Manufacturers and the Business Roundtable. However, the Republican National Committee intends to sue the Biden administration over the mandate. Also Thursday, the Transportation Security Administration said it’s doubling fines for travelers who won’t follow federal mask mandates.

4. China’s Xi, Biden hold second phone call of new U.S….



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