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5 things to know before the stock market opens Tuesday – CNBC

Aug 23 2022

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

1. Stocks try to recover

The major U.S. stock indices indicated a slightly higher open Tuesday, the morning after a rout that dealt a serious blow to the summer equities rally. The Dow fell over 600 points Monday, while the S&P 500 suffered a 2.14% drop. The Nasdaq fell by the biggest percentage of the three, 2.55%, to conclude its worst day since late June. On Tuesday, as investors anticipate what Fed Chair Jerome Powell and other central bank officials will say later this week at Jackson Hole, they will also digest a new round of retail earnings, including Macy’s and Dick’s Sporting Goods; and economic data, including new home sales. Follow live market updates here.

2. Primate price action

Read More: https://www.cnbc.com/2022/08/23/5-things-to-know-before-the-stock-market-opens-tuesday-august-23.html

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