5 things to know before the stock market opens Tuesday

The rapid spike in market rates in 2021, most recently a run of 14-month highs, knocked growth stocks, many of them tech names, as higher borrowing costs erode the value of future profits and squeeze market valuations.

The Swiss-based lender now expects a first-quarter pretax loss of around $960 million, after taking a $4.7 billion charge as a result of the U.S.

The value of the entire cryptocurrency market topped $2 trillion for the first time Monday, driven by a rally in ether, the second-largest digital coin, which alone has a market value of more than $240 billion.

Fauci also said that Americans should continue to get both doses of the Pfizer and Moderna Covid-19 vaccines, despite a recent study that suggests only one dose may be enough.

According to the office of Senate Majority Leader Chuck Schumer, D-N.Y., the Senate parliamentarian ruled the chamber can use budget reconciliation an additional time to pass legislation without Republican votes.

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