Table of Contents

Here are the most important news, trends and analysis that investors need to start their trading day:
1. Stocks set to rise with shoppers undeterred by higher prices
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City.
Spencer Platt | Getty Images
2. Walmart, Home Depot top expectations on earnings, revenues
Walmart and Home Depot
Kena Betancur | VIEWpress | Getty Images; Scott Mlyn | CNBC
Shares of Walmart initially rose 1% but turned modestly lower in premarket trading after the retail giant reported on Tuesday adjusted third-quarter earnings and revenue that beat expectations. Walmart won back grocery shoppers as it used its size to help manage through snarled supply chains and price pressures. Walmart’s e-commerce sales in the U.S. grew 8% from the year-ago quarter, or 87% on a two-year basis. The company boosted full-year earnings guidance.
Home Depot shares rose 1% in the premarket after the company issued on Tuesday adjusted third-quarter earnings and revenue that exceeded expectations. Same-store sales climbed 6.1% in the quarter, solidly beating estimates of a 2.2% rise as consumers continue to fix up their homes during Covid, albeit at a slower rate than a year ago. In Q3 2020, same-store sales surged nearly 25%.
3. Bitcoin drops toward $60,000 as major cryptos plunge
4. Taxes are not the only reason Elon Musk is selling Tesla stock
Maja Hitij | Getty Images News | Getty Images
5. Bankers, traders set for biggest bonuses since Great Recession
A street sign for Wall Street is seen in the financial district in New York, November 8, 2021.
Brendan McDermid | Reuters
— Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.
https://www.cnbc.com/2021/11/16/5-things-to-know-before-the-stock-market-opens-tuesday-nov-16.html