Business

5 Things to Know Before the Stock Market Opens on Wednesday, October 5

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, USA on September 9, 2022.

Brendan McDermid | Reuters

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

1. Amazing rebound

There are two trading days left until October, and we have already had two amazing rallies in the stock market. For the S&P 500, these were the best two days combined since March 2020, when the world was just getting started with the Covid pandemic. This is a real turnaround from the September market crash as investors brace for another round of massive rate hikes by the Federal Reserve. Companies will also begin reporting third-quarter earnings in earnest next week. The rally is ready to dry up, at least for the morning. Futures were down across the board ahead of the opening of trading on Wednesday. Follow the market updates in real time here.

2. A new chapter in the Twitter saga

3. Random streaming

4. Ukraine pushes down

Ukrainian soldiers adjust their national flag on an armored personnel carrier on a road near Liman, Donetsk region, on October 4, 2022.

Anatoly Stepanov | AFP | Getty Images

5. Global CEOs Expect Short-Term Recession

KPMG CEO survey finds 91% of executives believe a recession is ahead

And one more thing …

New York Yankees center fielder Aaron Judge, 99, hits his 62nd home run to break Roger Maris’ home run record during a game between the Texas Rangers and the New York Yankees on October 4, 2022 at Globe Stadium Life Field in Arlington, Texas.

Sports wire icon | Sports wire icon | Getty Images


Source link

Leave a Reply

Your email address will not be published.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

Back to top button