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5 Things You Should Know Before The Stock Market Opens on Tuesday, May 4th

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

1. Wall Street is expected to fall after a good start in May.

A trader on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures fell on Tuesday after a good start in May. This was boosted by rising stocks associated with the resumption of the economy due to relaxed Covid regulation. The rise in these shares took place after New York Governor Andrew Cuomo announced that most capacity limits would be lifted across the state. 24-hour subway service will resume in New York City later this month. The Dow Jones Industrial Average rose 238.38 points (0.7%) on Monday. S & P 500 rose 0.3%. Both benchmarks closed less than 1% from last month’s record closing price. Nasdaq, which fell 0.5% on Monday, fell 1.7% below its April closing price.

2. Pfizer will seek full US approval of the Covid vaccine.

A group of teenagers serving as “Covid-19 Student Ambassadors” receive Pfizer Covid vaccine in Ford Field during an event that encourages and encourages Michigan residents to obtain the vaccine on April 6, 2021. Joined Governor Gretchen Whitmer for this. Detroit, Michigan.

Matthew Hatcher | Getty Images

Pfizer reported higher-than-expected revenue and earnings in the first quarter and plans to apply for full US approval of the Covid vaccine, which was developed in partnership with German pharmaceutical company BioNTech, at the end of this month. Said. With FDA approval, businesses will be able to sell two-shot regimens directly to consumers. Pfizer’s market share rose 1.5% before it went on sale. BioNTech’s share price surged nearly 2%. , citing federal officials, reported Monday that the FDA plans to amend its existing emergency use authorization for the Pfizer vaccine, including adolescents aged 12 to 15, by early next week. The vaccine has been cleared for people over the age of 16.

After vaccination with COVID-19 vaccine at CVS in East Boston on February 12, 2021, CVS pharmacy engineer Leslie Carnejo (left) speaks with RN Claire Crow.

Erin Clark | The Boston Globe | Getty Images

CVS Health on Tuesday raised its full-year forecast with strong first quarter as customers came to the store for Covid vaccinations, tests and prescriptions. The company is a leading provider of coronavirus vaccines and recently launched same-day bookings for shots. Stocks rose 2% in pre-market trading.

3. US restrictions on travel from India attacked by Covid begin

Patients suffering from coronavirus disease (COVID-19) will be treated on May 1, 2021 in the casualties ward of a hospital in New Delhi, India.

Danish Sidiki | Reuters

The Biden administration’s restrictions on travel from India will come into effect on Tuesday. The country’s catastrophic surge in coronavirus cases has pushed the total number of infections there to 20 million. In the last 24 hours, India reported 357,229 new cases after recording a world record of 401,993 new cases per day over the weekend. A travel order signed by President Joe Biden last week has banned most foreigners staying in India from entering the United States in the last 14 days. White House spokesman Jen Psaki announced a ban on Friday, saying travel policy was based on the advice of the Centers for Disease Control and Prevention.

4. Apple defends App Store control in federal court

The App Store logo will appear next to the Epic Games Store logo on two screens. Epic, the maker of the popular game Fortnite, wants to sell digital items in the app without lowering the purchase price to Apple.

Fabian Summer | Image Alliance | Getty Images

Epic Games claimed that tech giants were deliberately trapping customers on the first day of a groundbreaking federal trial over Apple’s App Store rules. The company behind Fortnite, Epic, wants to force video game makers to use their own payment processors to avoid Apple’s usual 30% charge for in-app transactions. Fortnite was launched from the App Store last year after introducing a direct payment mechanism. Apple claimed to have built a digital storefront and set rules. The rules are designed to ensure that your app is of high quality and safe. The trial is expected to last for three weeks.

5. Bill Gates and Melinda Gates split 27 years later

Bill & Melinda Gates

Frederick Stevens | Getty Images

Microsoft co-founder Bill Gates and his wife Melinda French Gates said on Twitter that they would split in 27 years. The two also said on Monday that they would continue to cooperate with philanthropic efforts in education, gender equality and healthcare.

Gates’ relationship has struggled over the past few years, and two people near them told the . Bill Gates decided to resign from the boards of Microsoft and Berkshire Hathaway, allowing him to spend more time with his family, these people told The Times.

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5 Things You Should Know Before The Stock Market Opens on Tuesday, May 4th

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