September 21, 2021

Info IEC

Business & Finance Information

5 issues to know earlier than the inventory market opens Tuesday, August 3

Listed here are a very powerful information, traits and evaluation that traders want to start out their buying and selling day:

1. Wall Avenue set to bounce as Dow seems to be for an additional report

Merchants on the NYSE

Supply: NYSE

2. 10-year Treasury yield dips again after Monday’s sharp drop

3. Average daily new U.S. Covid cases top last summer levels

A poster for New Orleans healthcare workers is seen with the slogan ‘Won’t Bow Down’ on Frenchmen Street on April 24, 2020 in New Orleans, Louisiana.

Chris Graythen | Getty Images

4. Clorox, Eli Lilly see earnings hurt by tough Covid comparisons

Clorox Disinfecting Wipes canisters move along a conveyor belt at the company’s manufacturing facility in Forest Park, Georgia, on Wednesday March 10, 2021.

Matt Odom | Bloomberg | Getty Images

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021.

Mike Segar | Reuters

Eli Lilly fell short of quarterly profit and revenue expectations, hurt by weaker sales of its Covid therapies as vaccinations gained pace in the U.S. Sales of its antibody treatments dropped over 80% in the quarter. Lilly in April lowered its expectations for sales of those drugs. Looking ahead, the drugmaker lowered its annual sales forecast. Shares lost roughly 1.5% in the premarket.

5. Under Armour, Simon see pops on sales as retail recovers

People walks past a Under Armour clothing store in Siam Center, Bangkok.

Guillaume Payen | SOPA Images | LightRocket | Getty Images

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania.

Mark Makela | Reuters

Simon Property Group saw sales at its shopping malls and outlet centers bounce back to pre-pandemic levels in its latest fiscal quarter, as Americans shopped for clothes, shoes and other items. The largest U.S. mall owner is hoping the improved results encourage retailers to sign new leases and help it fill space vacated during the pandemic. Shares rose about 3% in Tuesday’s premarket.

— Reuters 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.

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