5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day:
1. Stock futures, bond yields drop after weak jobs data
Traders work at the New York Stock Exchange (NYSE) in New York City, August 3, 2021.
Andrew Kelly | Reuters
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021.
Michael Nagle | Bloomberg | Getty Images
2. Robinhood jumps for second straight day, way above IPO price
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021.
Brendan McDermid | Reuters
3. GM, CVS Health report quarterly earnings before the bell
A General Motors assembly worker loads engine block castings on to the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, U.S. August 21, 2019.
Rebecca Cook | Reuters
Signs offering COVID-19 vaccinations are seen outside of a CVS pharmacy in Washington, DC on May 7, 2021.
Mandel Ngan | AFP | Getty Images
CVS Health on Wednesday reported second-quarter earnings and revenue that beat expectations. The pharmacy chain raised its forecast for the year as spiking Covid cases in the U.S. due to the delta variant reenergize the nation’s vaccination campaign efforts. CVS earned $2.42 per share on an 11% revenue jump to $72.62 billion. Shares were steady in the premarket.
4. FDA reportedly speeds up full-approval process for Pfizer vaccine
Registered nurse Darryl Hana prepares a dose of the Pfizer COVID-19 vaccine at a three-day vaccination clinic at Providence Wilmington Wellness and Activity Center on July 29, 2021 in Wilmington, California.
Mario Tama | Getty Images
Demonstrators gather during a protest against the expiration of the eviction moratorium outside of the U.S. Capitol in Washington, D.C., U.S., on Sunday, Aug. 1, 2021.
Bloomberg | Bloomberg | Getty Images
5. Yellen says Biden’s agenda key to keeping U.S. recovery going
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