5 things to know before the stock market opens Tuesday, Nov. 2

Listed here are an important information, tendencies and evaluation that traders want to start out their buying and selling day:

1. Wall Avenue seems regular after data to start out November

Merchants work on the ground of the New York Inventory Trade (NYSE) in New York Metropolis, October 27, 2021.

Brendan McDermid | Reuters

U.S. inventory futures were relatively flat Tuesday, sooner or later after the Dow Jones Industrial Average, the S&P 500 and the Nasdaq all rallied to more record closes to start out November. Buyers are ready to see whether or not the Federal Reserve declares the beginning of tapering its bond purchases following its two-day assembly, which begins Tuesday. The Fed’s resolution may check Wall Avenue’s bullish development heading into the seasonably sturdy year-end stretch for the market. Up to now in 2021, as of Monday’s shut, the Dow was up 17.3%; the S&P 500 was up 22.8%; and the Nasdaq was up 21%.

2. Pfizer jumps after sturdy outcomes, forward of CDC panel assembly

A vial of Pfizer-BioNTech Covid-19 vaccine.

Getty Photos

Pfizer rose practically 3% in Tuesday’s premarket after better-than-expected quarterly earnings and income. The American drugmaker raised its full-year sales outlook for its Covid vaccine by 7.5% to $36 billion. Pfizer and its German accomplice BioNTech hope that Tuesday’s meeting of an advisory panel to the Facilities for Illness Management and Prevention would be the subsequent cease on the street to full CDC approval for his or her Covid vaccine for youths 5-11. The Meals and Drug Administration cleared smaller-dose pictures for the youthful kids Friday. Pfizer’s two-shot vaccine has already been approved to be used in older kids and adults.

3. Elon Musk says Tesla has not signed contract with Hertz but

Tesla CEO Elon Musk gestures as he visits the development website of Tesla’s Gigafactory in Gruenheide close to Berlin, Germany, August 13, 2021.

Patrick Pleul | Reuters

Tesla CEO Elon Musk stated Monday night time that his electrical automobile firm has yet to sign a contract with rental automobile firm Hertz. The tweet from Musk seemingly contradicted a previous announcement and commercial launched by Hertz final week. Tesla hit a $1 trillion market cap for the primary time on Oct. 25 after Hertz stated it could develop its fleet of battery EVs with “an preliminary order of 100,000 Teslas by the tip of 2022.” Individually, Tesla is recalling practically 12,000 U.S. automobiles offered since 2017 due to an error that will trigger a false forward-collision warning or sudden activation of the automated emergency braking system. Tesla shares dropped greater than 4% within the premarket.

4. Biden to announce more durable rules on methane emissions

U.S. President Joe Biden speaks throughout the UN Local weather Change Convention (COP26) in Glasgow, Scotland, Britain November 1, 2021.

Evan Vucci | Reuters

The Environmental Safety Company on Tuesday will propose guidelines to plug methane gasoline leaks at a whole lot of hundreds of oil and gasoline wells within the U.S., marking its most aggressive motion but to curb climate-warming greenhouse gasoline emissions. President Joe Biden will formally announce the proposals throughout the second day of the COP26 local weather summit in Glasgow, Scotland. At house, Biden faces extra uncertainty round his social spending invoice. Centrist Democrat Sen. Joe Manchin on Monday demanded more time to judge the $1.75 trillion package deal.

5. Virginia’s shut gubernatorial race may swing state pink

With a chilly rain falling, voters stand in line to forged their ballots on the McClean Authorities Middle throughout early voting on October 29, 2021 in McLean, Virginia.

Chip Somodevilla | Getty Photos

Voters in Virginia go to the polls Tuesday to resolve a detailed off-year race between former Democratic Gov. Terry McAuliffe and Republican Glenn Youngkin, former CEO of personal fairness large The Carlyle Group. Roughly a fifth of Virginia’s 5.9 million voters forged early ballots, practically six occasions greater than in 2017. Biden and former President Barack Obama campaigned for McAuliffe. Against this, Youngkin eschewed nearly all public marketing campaign visits from well-known Republicans, together with former President Donald Trump. The Virginia governor’s race has been a dependable bellwether forward of midterm elections.

— The Related Press and Reuters contributed to this report. Observe all of the market motion like a professional on CNBC Pro. Get the newest on the pandemic with CNBC’s coronavirus coverage.

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