Home Business 5 things to know before the stock market opens February 11, 2021

5 things to know before the stock market opens February 11, 2021

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Dow set to add to Wednesday’s record high close

Traders work on the floor of the New York Stock Exchange.

NYSE

2. PepsiCo beats expectations; Uber delivers mixed results

Pepsi soft drinks are displayed at a convenience store in San Francisco, California.

Justin Sullivan | Getty Images

A traveler checks his phone beside an Uber sign, August 20, 2020 at Los Angeles International Airport in Los Angeles, California.

Robyn Beck | AFP | Getty Images

Uber shares dropped 4% in Thursday’s premarket, the morning after the company reported a smaller-than-expected loss of 54 cents per share in the fourth quarter. However, revenue fell 16% to a lower-than-expected $3.17 billion. Uber’s ride-hailing business slowly recovered from the pandemic, while its delivery business boomed.

3. Cannabis stocks jump in a Reddit-fueled trade reminiscent of GameStop

Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021.

Anne Sakkab | Bloomberg | Getty Images

4. Dating app firm Bumble set to begin trading after pricing IPO

5. House impeachment managers press the case against Trump