Today marks President Joe Biden’s very first Cabinet meeting

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5 Things to Know Before the Stock Market Opens Today

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Stock futures pointed to a positive start for April, after each of the three major indexes logged gains for the month of March. The Dow Jones Industrial Average, for instance, increased 6.6% last month, while the S&P 500 saw its best month since November with a 4.2% jump, and the Nasdaq Composite climbed 0.4%.

This morning the 10-year Treasury yield held steady around 1.72%.

Economists are anticipating that there will be 9,000 fewer filings in the government’s latest weekly initial jobless claims report. The monthly report is due out tomorrow.

On the vaccine front, Pfizer said that its double-dose shot is 91% effective for about six months. And the company that was at the center of the quality control fiasco that forced Johnson & Johnson to ditch a batch of its vaccines already has a  series of citations.

And in Washington, President Joe Biden will have his first Cabinet meeting.

What else should you have your eye on this morning?

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Today marks President Joe Biden's very first Cabinet meeting

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Today President Joe Biden will host his first-ever Cabinet meeting. On the agenda is his infrastructure plan, which he revealed yesterday. The members will meet in a larger room than usual today, and everyone will be wearing masks, reporters said.

Biden timed the session so that it occurred one week after the Cabinet’s confirmation.

“As the federal government has become increasingly complex over the years, the role of the Cabinet has evolved as well,” said Chris Lu, who was the first-term Cabinet secretary for President Barack Obama. “In addition to serious policy discussions, Cabinet meetings are an opportunity for the president to lay out broad directions for how his team should operate.”

He continued: “The meetings can help align priorities, build morale, and allow Cabinet members to develop relationships with colleagues who they don’t normally see.”

What else should you expect from today’s meeting?

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