Business

5 things to know before the stock market opens on Tuesday, November 29

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 10, 2022.

Brendan McDermid | Reuters

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

1. Bounce back?

Wall Street is looking to recover from Monday’s debacle as investors watched protests in China against the government’s crackdown on Covid. China’s economy is already poised to falter due to President Xi Jinping’s “zero Covid” policy, which is heavily dependent on mass lockdowns, and the riots will create new levels of uncertainty for the country of 1.4 billion people, as well as global markets. . This week, investors are also preparing to digest a new wave of earnings reports (Hewlett Packard Enterprise reports after the call on Tuesday) and the November employment report, which comes out on Friday. Read live market updates here.

2. Musk vs. Apple

3. Disney has a moratorium on hiring

Disney World’s Magic Kingdom in Orlando, Florida.

Joe Radle | News Getty Images | Getty Images

4. BlockFi Files for Bankruptcy

5. Cold reality of Ukraine

Destroyed Russian equipment and tanks on Mikhailovskaya Square on November 19, 2022 in Kyiv, Ukraine. Millions of Ukrainians are facing severe power outages after recent waves of Russian missiles and drone strikes have reportedly left nearly half of Ukraine’s energy infrastructure down and in need of repair due to plummeting temperatures.

Jeff J. Mitchell | News Getty Images | Getty Images


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