Business

5 things to know before the stock market opens on Tuesday, January 24

Traders work on the floor of the New York Stock Exchange.

NYSE

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

1. Stay green

Low income? Are economic indicators pointing to a recession? No problem. At least for now. US stock markets remain green for the short-lived year so far, gaining some momentum in recent days. The Nasdaq in particular has shown strength, albeit after rebounding from a dismal 2022 that also saw many big tech stocks suffer. Several technology companies including Dow component Microsoft (which reports earnings after Tuesday’s call) are cutting thousands of jobs after pandemic-driven hiring in a bid to show investors they’re serious about cutting costs. Other companies on Tuesday’s earnings list: Verizon, Lockheed Martin, General Electric and Johnson and Johnson. Read real-time market news here.

2. Microsoft strengthens connection with OpenAI

3. Google employees demand answers

Google and Alphabet CFO Ruth Porat answered a couple questions from employees at City Hall on Monday regarding a recent layoff.

4. The way forward for Covid vaccines

A woman receives a booster dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination center in Antwerp, Belgium on February 1, 2022.

Johanna Geron | Reuters

5. Put it off for now

A man walks in front of the US Supreme Court during rainy weather in Washington, USA on January 17, 2023.

Jonathan Ernst | Reuters


Source link

Leave a Reply

Your email address will not be published.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

Back to top button