5 things to know before the stock market opens on Friday, September 30

Traders on the NYSE floor, September 28, 2022

Source: New York Stock Exchange.

Here are the most important news investors need to start their trading day:

1. Explosion or sob?

The third quarter comes to an end on Friday, and it couldn’t have come sooner for the beaten stock markets. It’s been a terrible month for stocks. Federal Reserve policymakers have made it clear they are serious about raising rates until prices slow down, causing bond yields to soar and stocks to fall. Critics of the central bank say much of the turmoil is the result of the Fed putting off inflation for too long and then doing too much too quickly to fight it. The economic turmoil in the UK and fears of Russia’s nuclear-tinged war in Ukraine didn’t help either. Reporting season is also just around the corner, which could increase pressure on markets that have already fallen below their previous 2022 lows. Follow the real-time market updates here.

Read more: Eurozone inflation rises again

2. Not cool, Apple

Apple CEO Tim Cook unveils the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, USA on September 7, 2022.

Carlos Barria | Reuters

3. Toyota CEO backs electric vehicle plan

Akio Toyoda, president of Toyota Motor Corp., gestures as he poses for photos during a press conference at the company’s showroom in Tokyo, Japan, December 14, 2021. Toyota has announced plans to release its electric vehicles.

Kiyoshi Ota | Bloomberg | Getty Images

4. Nike has inventory issues

A man wearing a protective mask walks past a central Nike store in Kyiv, Ukraine on December 10, 2020.

Valentin Ogirenko | Reuters

5 Yang Gets Stronger After Beating Florida

A man photographs boats damaged by Hurricane Ian in Fort Myers, Florida on September 29, 2022.

Giorgio Viera | AFP | Getty Images

Yang turned back into a hurricane after it swept through Florida and hit the Atlantic Ocean. Now the storm is on collision course with South Carolinawhere it is predicted to make landfall on Friday afternoon. Parts of the state could receive 8 inches of rain with heavy flooding and winds, according to meteorological authorities. Yen has already left a wide path of destruction in Florida and knocked out millions. President Joe Biden warned of “significant loss of life.” Images Fort Myers, Florida, were especially terrible: prolonged floods, boats left on the streets, destroyed houses. “Watching the water from my downtown apartment, watching the water rise and just flood all the shops on the ground floor, was heartbreaking,” Fort Myers Mayor Kevin Anderson said. told NBC’s “Today.”

— Alex Harring of CNBC, Jordan Novet, Michael Weiland and Lillian Rizzo contributed to this report.

Login Now for CNBC Investing Club to follow every move in Jim Cramer’s stock. Follow the wider market action like a pro on CNNBC Pro.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button