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Home / Business / 5 things to know before the stock market opens November 5, 2019

5 things to know before the stock market opens November 5, 2019



1. Dow to open higher after joining the S&P 500 and Nasdaq with records

Traders and financiers working on the floor of the New York Stock Exchange.

Drew Angerer | Getty Images News | Getty Images

U.S. stock futures pointed to a higher opening on Wall Street on Tuesday over optimism about U.S.-China negotiations around their "phase one" trade. The Dow Jones Industrial Average set a high time at all times on Monday, closing in on Julie's records. The S&P 500 and Nasdaq also set a record Monday after doing so for the first time since July last week. Year to date Dow, as of Monday's end, was up almost 1

8%, S&P 500 up almost 23% and Nasdaq up 27%.

2. Upcoming US tariffs on China on the table in trade talks

President Donald Trump meets China's President Xi Jinping at the start of their bilateral meeting at the G20 leader summit in Osaka, Japan, June 29, 2019.

Kevin Lemarque | Reuters

An American official said that the fate of the tariff rates in mid-December is seen as part of negotiations to complete a "phase one" trade agreement with China, which was reached in principle last month. Both sides are aiming for President Donald Trump and Chinese President Xi Jinping to sign the deal, in a yet to be determined location, later this month. Any escalation of duties is seen as a positive by the stock market.

3. Uber reports $ 1 billion quarterly loss, CEO predicts profit in two years

Dara Khosrowshahi, CEO of Uber Technologies Inc., talks during an interview in Tokyo, Japan, Wednesday, July 3, 2019.

Akio | Bloomberg | Getty Images

4. Shares of Peloton Listed on Strong Quarterly Revenue Listing

John Foley, Co-Founder and CEO of Peloton Interactive Inc., poses for a photograph during the company's initial public offering (IPO) in front of Nasdaq MarketSite in New York, Thursday, September 26 2019.

Michael Nagle | Bloomberg | Getty Images

Shares from the September IPO Peloton gained about 7% in premarket trading after the training company doubled quarterly sales, in the first financial results since they went public. Peloton's financial income for the first quarter rose to $ 228 million. The company also limited the net loss to $ 49.8 million, or a loss of $ 1.29 per share, from a loss of $ 54.5 million, or a loss of $ 2.18 per share, the year before. Even if the share gain were kept open, it would still be below the $ 29 offer price.

5. Pollsters look to vote in four states as possible 2020 guide

Gubernatorial and legislative elections on Tuesday in four states – Kentucky, Mississippi, New Jersey and Virginia – will test voter enthusiasm and party organization as Trump's impeachment inquiry moves forward and a Democratic president's primary encryption is getting hot. Trump is keen to nationalize whatever happens, campaigns in the GOP gubernatorial race in Kentucky on Monday and in Mississippi on Friday. Legislative seats are on the ballot boxes in New Jersey and in the battlefield state of Virginia in 2020.

CNBC before the clock news article

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– The Associated Press contributed to this report.


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