5 things to know before the stock market opens Monday, September 19

5 things to know before the stock market opens Monday, September 19

Traders on the floor of the NYSE, Sept. 14, 2022.

Source: NYSE

Here are the most important news items that investors need to start their trading day:

1. Bad morning for stocks

2. ‘The pandemic is over’

U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022.

Kevin Lamarque | Reuters

President Joe Biden isn’t waiting for the World Health Organization to make the call. The Covid pandemic isn’t the emergency it once was. The disease is still a problem for the United States, he told CBS’ “60 Minutes” in an interview that aired Sunday. Indeed, hundreds are still dying from it every day. “We’re still doing a lot of work on it,” Biden said. “But the pandemic is over.” Vaccines and treatments are more widespread, employers are pushing their workers to return to offices more consistently, and kids are returning to school. The WHO’s director-general, Tedros Adhanom Ghebreyesus, said last week that “the end is in sight,” as weekly global deaths in early September represented the lowest point since the organization declared Covid a pandemic in March 2020.

3. Ukraine nuclear plant survives Russian strike

A destroyed Russian Armoured Personnel Carrier (APC) is seen, amid Russia’s attack on Ukraine, near the village of Nova Husarivka, recently liberated by Ukrainian Armed Forces, in Kharkiv region, Ukraine September 15, 2022.

Gleb Garanich | Reuters

Russian forces damaged another nuclear plant in Ukraine, according to the Ukrainian state nuclear company, but the facility is still functioning as normal. The three reactors at the Pivdennoukrainsk power plant in the nation’s southern Mykolaiv region were unharmed in the strike, which nonetheless damaged buildings there, authorities said. The development came after Russian President Vladimir Putin’s forces suffered a quick succession of losses, ceding territory back to the government of Ukrainian President Volodomyr Zelenskyy. Intelligence suggests that Putin is relying more on volunteers and proxy forces, while the top U.S. military officer, Gen. Mark Milley, said the war “isn’t going too well” for Russia. Read live updates here.

4. Pessimism about China’s economy

People look at Apple Inc’s new iPhone 14 as its models go on sale in Beijing, China, September 16, 2022.

Thomas Peter | Reuters

5. Catastrophe in Puerto Rico

A man stands on the beach with his son in in Nagua, Dominican Republic, on September 18, 2022. Hurricane Fiona made landfall Sunday in Puerto Rico as it passed through the Caribbean.

Erika Santelices | AFP | Getty Images

Leave a Reply