5 things to know before the stock market opens on Thursday, May 5

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street may fall after a strong Fed rally.

A Fed rate announcement is displayed on a screen as a trader works at a post on the floor of the New York Stock Exchange (NYSE) in New York, USA, May 4, 2022. REUTERS/Brendan McDermid

Brendan McDermid | Reuters

2. The Fed raises rates by 50 basis points, but refuses to further increase

3. Key data on the labor market will be released in the next two days

Pedestrians walk past a “Now Hiring” sign in Arlington, Virginia on March 16, 2022.

Stephanie Reynolds | AFP | Getty Images

4. Musk receives funding from investors, including Larry Ellison, at the request of Twitter.

Elon Musk during an event at the SpaceX headquarters in Hawthorne, California, USA on Thursday, October 10, 2019.

Bloomberg / Getty

5. EBay and Etsy fell on a weak outlook, caught in an e-commerce reset.

A sign at eBay’s headquarters in San Jose, California, USA on Monday, August 9, 2021

David Paul Morris | Bloomberg | Getty Images

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