{"id":108411,"date":"2021-03-02T13:16:59","date_gmt":"2021-03-02T13:16:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=108411"},"modified":"2021-03-02T13:16:59","modified_gmt":"2021-03-02T13:16:59","slug":"5-things-to-know-before-the-stock-market-opens-tuesday-4","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/5-things-to-know-before-the-stock-market-opens-tuesday-4\/","title":{"rendered":"5 things to know before the stock market opens Tuesday"},"content":{"rendered":"<p><em>Here are the most important news, trends and analysis that investors need to start their trading day:<\/em><\/p>\n<ul>\n<li>Stocks set to drop after S&amp;P 500&#x27;s best day since June<\/li>\n<li>Target&#x27;s earnings boosted by strong holiday, stimulus checks<\/li>\n<li>Zoom Video shares surge after earnings, sales skyrocket<\/li>\n<li>Senate Democrats work on their version of Covid relief bill<\/li>\n<li>Sen. Elizabeth Warren introduces a wealth tax<\/li>\n<\/ul>\n<h2>1. Stocks set to drop after S&amp;P 500&#x27;s best day since June<\/h2>\n<p>U.S. stock futures dipped Tuesday after starting March with a broad rally. Shaking off the late February rough patch, the S&amp;P 500 on Monday gained 2.4% for its biggest one-day advance since June. Covid vaccine optimism and the 10-year Treasury yield off its one-year high spurred stocks. The Dow Jones Industrial Average jumped 603 points, or 2%. The Nasdaq, which shed 4.9% in last week&#x27;s tech sell-off, popped 3%. The Dow and Nasdaq had their best sessions since November.<\/p>\n<h2>2. Target, Kohl&#x27;s quarterly results beat estimates<\/h2>\n<p>Target on Tuesday exceeded Wall Street&#x27;s expectations for the fourth quarter, thanks to a strong holiday season and stimulus checks. Still, Target declined to provide a forecast for the year ahead, saying the pandemic has made it too difficult to predict consumer patterns. Target reported adjusted quarterly earnings of $2.67 per share on revenue of $28.34 billion, which jumped 21% year over year. Shares were little changed.<\/p>\n<p>Shares of Kohl&#x27;s rose nearly 2% in premarket trading after the department store chain Tuesday delivered adjusted fourth-quarter earnings of $2.22 per share, more than double estimates. Revenue of $5.88 billion, which fell 10% year over year, was slightly better than expectations. Kohl&#x27;s said it sees sales growth in 2021.<\/p>\n<h2>3. Zoom Video shares surge after earnings, sales skyrocket<\/h2>\n<p>Shares of Zoom Video Communications rose 8% in Tuesday&#x27;s premarket, the morning after the company reported adjusted fourth-quarter profit of $1.22 per share, crushing estimates by 43 cents. Revenue surged 369% year-over-year to $882.5 million, also beating forecasts. Zoom, which became all the rage during Covid, issued an upbeat current quarter forecast in anticipation of millions of people and businesses continuing to use its video-calling platform.<\/p>\n<h2>4. Senate Democrats work on their version of Covid relief bill<\/h2>\n<p>Democrats&#x27; hopes of including a federal minimum wage increase in their $1.9 trillion Covid relief bill seemed all but dead, four days after the nonpartisan Senate parliamentarian said the chamber&#x27;s rules prohibited its inclusion. Senate Democrats hope to unveil their version of the House-passed package and begin debate as early as Wednesday. Congressional leaders want to send President Joe Biden the measure by March 14, when a federal jobless benefits boost, approved in December&#x27;s aid measure, is set to expire.<\/p>\n<h2>5. Sen. Elizabeth Warren introduces a wealth tax<\/h2>\n<p>Sen. Elizabeth Warren revived the idea of a wealth tax, which was central to her failed bid to become the 2020 Democratic presidential nominee. Sen. Bernie Sanders, who also ran unsuccessfully for president last year advocating a wealth tax, is among the co-sponsors for the Ultra-Millionaire Tax Act. The bill, unveiled Monday, proposes a 2% annual tax on wealth ranging from $50 million to $1 billion and a 3% annual tax on wealth over $1 billion.<\/p>\n<p><em>\u2014 The Associated Press contributed to this report. Follow all the developments on Wall Street in real time with CNBC Pro&#x27;s live markets blog. Get the latest on the pandemic with our coronavirus blog.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/03\/02\/5-things-to-know-before-the-stock-market-opens-march-2-2021.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are the most important news, trends and analysis that investors need to start their trading day: Stocks set to drop after S&amp;P 500&#x27;s best [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":108410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 things to know before the stock market opens Tuesday - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/5-things-to-know-before-the-stock-market-opens-tuesday-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 things to know before the stock market opens Tuesday - 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