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5 things to know before the stock market opens Monday, Oct. 25

Listed here are a very powerful information, developments and evaluation that buyers want to begin their buying and selling day:

1. Dow set to rise barely after Friday’s report shut

Merchants work on the ground of the New York Inventory Trade (NYSE) on October 15, 2021 in New York Metropolis.

Spencer Platt | Getty Photographs

2. Bitcoin resumes march excessive after final week’s all-time excessive

Bitcoin was larger Monday, rising back toward $63,000 as Wednesday’s all-time excessive slightly below $67,000 had been met with some subsequent promoting. Bitcoin’s transfer to a report final week got here as the primary bitcoin futures exchange-traded fund within the U.S. debuted up 5%, an vital improvement that drummed up pleasure in crypto. The ProShares Bitcoin Strategy ETF, which like bitcoin itself noticed promoting Thursday and Friday, rose about 3% in Monday’s premarket buying and selling. Bitcoin’s prior all-time excessive in April coincided with one other milestone for digital belongings: crypto alternate Coinbase‘s debut on the Nasdaq.

3. Fb reportedly vexed internally about right-leaning content material

Fb emblem and inventory graph are displayed by damaged glass on this illustration taken October 4, 2021.

Dado Ruvic | Reuters

Shares of Facebook, following Friday’s 5% decline, fell lower than 1% in premarket buying and selling. The social community continued to be embroiled in controversy, with a Wall Street Journal report Monday morning detailing inside arguments over the dealing with of right-leaning content material. Additionally Monday, former Fb information scientist turned whistleblower Frances Haugen plans to answer questions from U.Okay. lawmakers engaged on laws to rein within the energy of social media corporations. Will probably be Haugen’s second look earlier than lawmakers after she testified within the U.S. Senate earlier this month.

4. Massive Tech, extra Dow shares lead this week’s earnings

Facebook is scheduled to report earnings after the bell Monday, kicking off a crush of quarterly outcomes from Massive Tech, together with Apple, Microsoft, Alphabet and Amazon. About 30% of S&P 500 corporations difficulty earnings this week. A 3rd of the Dow reviews, together with Caterpillar, Coca-Cola, Merck, Boeing and McDonald’s. Of the businesses which have already reported, almost 84% beat estimates. Earnings are thus far anticipated to be up 34.8% over final yr, primarily based on precise reviews and estimates, in keeping with I/B/E/S information from Refinitiv.

5. Manchin reportedly agreeable to wealth tax for Biden plan

Sen. Joe Manchin (D-WV) speaks to reporters outdoors of the U.S. Capitol on September 30, 2021 in Washington, DC.

Kevin Dietsch | Getty Photographs

Holdout Sen. Joe Manchin, D-W.Va., seems to be on board with White Home proposals for brand new taxes on billionaires and sure firms to assist pay for President Joe Biden‘s scaled-back social providers and local weather change bundle, according to The Associated Press. Biden huddled with Manchin and Senate Majority Chief Chuck Schumer, D-N.Y., on the president’s Delaware dwelling Sunday to work on resolving the celebration disputes between centrists and progressives which have stalled the wide-ranging invoice.

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