May 17, 2022


Skillful Business Crafters

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

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

1. Wall Street looks higher after strong jobs report, more records

Traders on the floor of the NYSE

Source: NYSE

2. Hiring roars back in October as nonfarm jobs growth surges

A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on September 21, 2021 in Hallandale, Florida.

Joe Raedle | Getty Images

3. Pfizer says its Covid pill with HIV drug cuts risk of serious illness

People walk in front of Pfizer sign at Pfizer World Headquarters on March 23, 2021 in New York. The Food and Drug Administration (FDA) says Pfizer’s coronavirus vaccine can be stored in normal freezers for two weeks, instead of storage at ultra-cold temperatures.

VIEW press | Corbis News | Getty Images

4. Peloton shares sink on slow sales growth, wider quarterly loss

Exercise equipment and apparel for sale at the Peloton Interactive Inc. showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.

Adam Glanzman | Bloomberg | Getty Images

5. Biden’s big spending bill on brink of House vote, but fights remain

US President Joe Biden and Speaker of the House Nancy Pelosi depart following a meeting with the Democratic caucus at the US Capitol in Washington, DC, on October 28, 2021.

Nicholas Kamm | AFP | Getty Images

Democrats in the House appear on the verge of advancing President Joe Biden’s $1.85 trillion-and-growing domestic policy package of social and climate spending, alongside a separate $1 trillion infrastructure bill, which was already passed in a bipartisan vote in the Senate. The House scrapped votes late Thursday but hoped to pass the bills Friday. House Speaker Nancy Pelosi, D-Calif., worked into the night at the Capitol, looking to lock down support. The nonpartisan Joint Committee on Taxation said Thursday its initial analysis of the bigger bill showed it would raise $1.48 trillion in revenue over a decade and be unlikely to add to the deficit long term.

— The Associated Press contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.