1. Dow futures rise, indicating rebound from 165-point drop
A trader wearing 2020-themed glasses works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Dec. 31, 2019.
Michael Nagle | Bloomberg | Getty Images
Dow Jones Industrial Average futures indicated a higher open, priming the 30-stock average to snap a three-session slide and recovering some of Tuesday’s decline of 165 points. Dow futures were up by 91 points, indicating a gain of more than 80 points to start off Wednesday’s session. S&P 500 futures also traded higher while Nasdaq 100 futures pointed to a record high for the tech-heavy index.
2. Number of new coronavirus cases slows down
China’s National Health Commission reported 1,749 additional cases of coronavirus, the lowest number of newly confirmed cases since Jan. 29. Excluding the Hubei region in China, new coronavirus cases have fallen for 15 straight days. Still, the virus continues to spread worldwide. In Iran, two people tested positive for coronavirus. Meanwhile, 79 more people have tested positive for coronavirus on the Diamond Princess cruise ship, Japan said.
3. Bernie Sanders goes into debate riding a surge in poll numbers
Democratic presidential candidate, Sen. Bernie Sanders (I-VT) speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina.
Sean Rayford | Getty Images
An NBC/Wall Street Journal poll showed Sen. Bernie Sanders leading the pack of Democratic presidential hopefuls by double digits. That poll comes ahead of a key debate set for later on Wednesday, which will feature former New York City Mayor Michael Bloomberg. Sanders is seen by some on Wall Street as a threat to the stock market given some of his policy proposals. Billionaire investor Leon Cooperman told CNBC on Tuesday that a Sanders presidency worried him more than the coronavirus outbreak.
4. Companies have hard time finding qualified workers
Betty Fernandez (L), from Macy’s department store, speaks with Paul Cunningham about job openings during a job fair put on by Miami-Dade County and other sponsors on April 05, 2019 in Miami, Florida.
Joe Raedle | Getty Images