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Business5 things to know before the stock market opens Wednesday, Nov. 3

5 things to know before the stock market opens Wednesday, Nov. 3

(*3*)

Here are the most essential information, tendencies and evaluation that buyers want to begin their buying and selling day:

1. Wall Street awaits Fed choice after one other file day

Traders on the flooring of the NYSE

Source: NYSE

2. Lots of big premarket movers: LYFT, BBBY, ZG, CAR

3. CVS beats on quarterly results, boosted by Covid vaccines

Signs offering COVID-19 vaccinations are seen outside of a CVS pharmacy in Washington, DC on May 7, 2021.

Mandel Ngan | AFP | Getty Images

4. CDC gives final OK to Pfizer Covid vaccine for kids 5 to 11

5. Rough night for Democrats in Virginia and maybe New Jersey

Virginia Republican gubernatorial nominee Glenn Youngkin speaks during his election night party at a hotel in Chantilly, Virginia, U.S., November 3, 2021.

Jonathan Ernst | Reuters

Glenn Youngkin, a wealthy Republican businessman, won Virginia’s hotly contested gubernatorial election, defeating Democratic power player and former Gov. Terry McAuliffe in a race that drew national scrutiny, according to an NBC News projection.

  • Potentially even more concerning for Democrats, the governor’s race in New Jersey between incumbent Phil Murphy and Republican Jack Ciattarelli was nonetheless too shut to name.
  • Democrat Eric Adams, a former police captain, was elected mayor of New York City. He’ll be the metropolis’s second Black mayor.

— NBC News, The Associated Press and Reuters contributed to this report. Follow all the market motion like a professional on CNBC Pro. Get the newest on the pandemic with CNBC’s coronavirus protection.

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