5 things to know before the stock market opens Wednesday

175
3
5 things to know before the stock market opens Wednesday

The Dow Jones Industrial Average is close to the 36,000 mark and the S&P 500 is just shy of its end, and the Nasdaq Composite is poised for a strong final week of 2021, while U.S. stocks are poised for a strong final week.

FOX Business looks at the upcoming events that are likely to move in the final days of the year.

It will be a quiet day for the markets, but it will be a big day for New York City, which will require all private sector employees to have at least one COVID- 19 vaccine dose to enter workplaces. Individuals 12 and older must be fully vaccinated to eat indoors at restaurants.

Americans looking to renew or obtain a new passport book for travel will have to pay a higher fee as the State Department raises its passport security surcharge by $20. Minor passport applicants who use form DS-11 will be charged $135, while adults applying in person using form DS-11 will pay $165. Adults renewing their passports using Form DS- 82 will pay $130.

The S&P Case-Shiller U.S. home price index and the FHFA monthly home price index will be up on Tuesday with economic data coming up.

China's Evergrande will have to make its first payment on a $50.4 million coupon on note due in 2023 and a $204.8 million coupon on note due in 2025.

Taiwan's SEMICON conference will feature over 550 exhibitors, including chip industry leaders such as Taiwan Semiconductor Manufacturing Company TSMC Advanced Semiconductor Engineering Inc. ASE and Nanya Technology. The Energy Information Administration's weekly crude stocks, the pending home sales and the pending home sales are some of the economic data on the docket Wednesday.

The Japanese e-commerce company Mercari will open its first pop-up shop in San Francisco, which has been hit with a wave of retail crime over the past several weeks.

The Chicago purchasing managers index and the latest in initial and continuing jobless claims are the two main items to be looked at out the week for economic data.

Nearly 70 million Social Security recipients will begin to see a 5.9% cost-of-living adjustment, the highest since 1982. On Friday, the Federal Aviation Administration will wrap up its environmental assessment process for SpaceX's orbital launch site in Boca Chica, Texas, for its Starship and Super Heavy program. Elon Musk previously said the aerospace giant is hoping to launch the first uncrewed test flight in January. The spaceship is designed to carry humans to the moon, Mars and beyond.

Friday is the deadline for Americans to take advantage of the IRS' special charitable tax deduction. A married couple filing jointly can deduct up to $600 in cash donations and individual taxpayers can deduct up to $300 in donations. Taxpayers don't need to itemize deductions on their tax returns in order to take advantage.