5 issues it’s best to know earlier than the inventory market opens on January 14, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Wall Street starts another mixed session

Traders on the floor of the New York Stock Exchange.

Source: New York Stock Exchange

Dow and S&P 500 futures rose, but Nasdaq futures fell Thursday, a day after a mixed session took all three stock benchmarks less than 1% from their record highs. Shortly after the market closed on Wednesday, the house indicted President Donald Trump for instigating a riot at the Capitol last week. The pre-market reaction of stocks was relatively subdued as the House of Representatives vote was widely anticipated. Investors will also focus on the Department of Labor’s weekly unemployment entitlement data at 8:30 a.m. ET. Economists are calling for the number of new jobless claims to rise to 800,000 for the week ending January 9. Delta Air Lines cut cash burn in half and reduced its losses in the fourth quarter as the coronavirus pandemic drove the airline into its worst year ever. The shares of the pre-market rose by more than 1%.

2. 10 Republicans vote for Trump’s impeachment

The Speaker of the US House of Representatives, Nancy Pelosi (D-CA), shows the article of the impeachment of US President Donald Trump after he signed it in a deepening ceremony on January 13, 2021 in the US Capitol in Washington.

Leah Millis | Reuters

Ten Republicans joined all House Democrats 232-197 to indict Trump. GOP Senator Mitch McConnell, majority leader until Georgia confirms the Democrats’ two runoff wins, said the Senate will not begin Trump’s trial until Tuesday. That is a day before President-Elect Joe Biden’s inauguration, which is expected to be completed with unprecedented certainty. In a video released on Wednesday, Trump issued his clearest condemnation to date of last week’s Capitol uprising. However, he took no responsibility and did not mention the impeachment.

3. Biden Reveals Covid Mitigation Plan

President-elect Joe Biden dons a mask after receiving his second dose of Pfizer / BioNTech COVID-19 vaccination at ChristianaCare Christiana Hospital on January 11, 2021 in Newark, Delaware.

Alex Wong | Getty Images

Biden is expected to present a coronavirus action plan on Thursday that will focus on a mass vaccination program and closer coordination between all levels of government. The Biden Plan comes as the US battles another spike in Covid-19 cases and deaths.

Mainland China reported its first Covid death since May on Thursday as authorities tried to control an increase in cases outside of Beijing. The Covid flare up there unfolds when a WHO team arrives in Wuhan, where the novel coronavirus was first discovered in late 2019, in order to study the origins of the virus together with Chinese scientists.

4. J & J’s one-shot coronavirus vaccine safe

Illustration of the Johnson & Johnson coronavirus vaccine

Given Ruvic | Reuters

Johnson & Johnson’s unique Covid vaccine is safe and appears to produce promising immune responses in both young and elderly volunteers, according to experimental data published in the New England Journal of Medicine. J&J is expected to release results from its Phase 3 study of 45,000 people later this month, which could then lead to a third vaccine approved by the FDA for emergency use in the United States. J&J uses the same technologies for its Ebola vaccine that Pfizer and Moderna used a new approach to their respective two-shot vaccines.

5. Petco, Poshmark will debut on Nasdaq

Two IPOs will take place on Thursday on the Nasdaq. Petco has valued its initial public offering at $ 18 per share, which is above the expected $ 14-17 range, and valued the pet products retailer at nearly $ 4 billion. Poshmark, also on Wednesday night, valued its IPO at $ 42 per share, above the expected range of $ 35-39. The offering gives the online used goods seller an initial valuation of more than $ 3 billion.

– Associated Press and Reuters contributed to this report. Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.