September 29, 2022


Skillful Business Crafters

5 things to know before the stock market opens Monday, Dec. 13

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

1. Stock futures are steady after S&P 500’s record close Friday

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021.

Brendan McDermid | Reuters

2. Covid deaths in the U.S. near 800,000 as omicron risk watched

UNITED STATES – OCTOBER 4: Hattie Pierce, 75, receives a Pfizer covid-19 vaccine booster shot from Dr. Tiffany Taliaferro at the Safeway on Capitol Hill in Washington, D.C., on Monday, October 4, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)

Tom Williams | CQ-Roll Call, Inc. | Getty Images

The number of Covid deaths in America is approaching 800,000. According to data from Johns Hopkins University early Monday, U.S. fatalities since the coronavirus was first discovered in late 2019 totaled 797,348. While the delta variant remains the dominant strain in the U.S., contributing to more than 1,200 deaths per day, officials are doubling down on their push to get Americans vaccinated in the face of highly mutated omicron. Covid booster shots provide “optimal care,” White House Chief Medical Advisor Dr. Anthony Fauci said Sunday.

3. Fed’s possible faster taper, inflation top week ahead for investors

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Committee hearing in Washington, D.C., on Wednesday, Dec. 1, 2021.

Al Drago | Bloomberg | Getty Images

4. Apple nears $3 trillion market value as stock marches higher

Apple CEO Tim Cook

Source: Apple Inc.

Apple edged closer to becoming Wall Street’s first $3 trillion company. With just over 16.4 billion shares outstanding, Apple would need to reach nearly $182.86 per share to eclipse that milestone, just over a year after topping a stock market value of $2 trillion. As of Friday’s close, Apple has gained 35{614c55998ee2f2593d42882a86444f5648ce8ae9e914fe55020881091372b47b} so far this year, on top of its 80{614c55998ee2f2593d42882a86444f5648ce8ae9e914fe55020881091372b47b} surge in 2020. Earlier this year, Apple briefly lost its title as the most valuable company to Microsoft, which was about $428 billion away from reaching a market cap of $3 trillion.

5. MotorTrend names all-electric Rivian R1T truck of the year

A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021.

Bing Guan | Bloomberg | Getty Images