Business

5 things to know before the stock market opens on Monday, October 17

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, October 14, 2022.

Brendan McDermid | Reuters

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

1. Volatility and earnings

Economic data increased market volatility last week. Inflation remains hot, so it does not appear that the Federal Reserve will ease up on its aggressive efforts to cool the economy. This week the reporting season is gaining momentum. Investors will see how companies cope with high costs and care about consumer prices, as well as monitor how a strong dollar weighs on foreign business. You can follow live broadcasts of the markets here. Meanwhile, Bank of America reported on Monday (more on that below). Here are some of the other big names due to report this week:

2. Let’s try again, okay?

3. Bank of America hits

Brian Moynihan, CEO of Bank of America, speaks at the WEF in Davos, Switzerland on May 23, 2022.

Adam Galica | CNBC

4. Drones are hammering Kyiv

A soldier sits on the ground after Russian attacks in Kyiv, Ukraine on October 17, 2022. At least four explosions were reported to have been heard in the Ukrainian capital Kyiv on Monday as authorities reported attacks by Russian kamikaze drones.

Metin Aktas | Anadolu Agency | Getty Images

5. E draws a trump card

Kanye West arrives for the Vanity Fair Oscar Party on February 9, 2020 in Beverly Hills, California.

Evan Agostini | Vision | AP


Source link

Leave a Reply

Your email address will not be published.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

Back to top button