Here are the most important news, trends and analysis that investors need to start their trading day:
Table of Contents
1. Stock futures point to more weakness
Traders on the floor of the New York Stock Exchange.
Source: NYSE
2. Jobless claims on deck
Couple Renne Alva, 37, and Travis Wasicek, 43, sit amongst their belongings along Seawall Boulevard as they embrace to keep each other warm after record-breaking winter temperatures in Galveston, Texas, February 18, 2021. The couple said they became homeless last year after losing their jobs due to the economic fallout from the coronavirus (COVID-19) global pandemic.
Adrees Latif | Reuters
Investors will also get an update on the pace of the labor market recovery when first-time jobless claims data for the week ending Feb. 27 is released. Economists surveyed by Dow Jones are forecasting 750,000 first-time filers.
In the week prior, jobless claims reached 730,000, well below the 845,000 Dow Jones estimate. Meanwhile, continuing claims hit a fresh pandemic-era low just above 4.42 million.
3. Biden agrees to curbs on $1,400 stimulus checks
U.S. President Joe Biden speaks during a virtual meeting with the House Democratic Caucus in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, March 3, 2021.
Yuri Gripas | Abaca | Bloomberg | Getty Images
4. Melvin Capital gained more than 20% in February
This illustration photo shows a person checking the GameStop stock on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearing involving GameStop stocks.
Chris Delmas | AFP | Getty Images
5. SpaceX Starship prototype rocket explodes after successful landing
Starship prototype rocket SN10 stands on the launchpad at the company’s facility in Boca Chica, Texas.
SpaceX





