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What You Need to Know Before the Stock Market Opens on Tuesday

Logan by Logan
August 9, 2022
in Stock Markets
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What You Need to Know Before the Stock Market Opens on Tuesday

Image Source- Barron's

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The following news items are the most crucial for investors to know as they begin their trading day:

Consumers anticipate a decrease in inflation

Image Source- Getty Images

The Federal Reserve, which has been aggressively raising interest rates to combat four decades of high inflation, actually got some positive news on Monday. According to participants in the New York Fed’s monthly Survey of Consumer Expectations, inflation will likely continue at a rate of roughly 6.2 percent for the upcoming year and 3.2 percent for the following three years. Although those figures remain high, they have moderated as recent highs in petrol prices and mortgage rates have been reached. The Fed is anticipated to raise rates again after two consecutive three-quarter point increases this summer.

Ezra Miller, ‘The Flash’ is a concern for Warner Bros.

Image Source- GAMINGbible

A new “Shazam” film, “Black Adam,” starring Dwayne Johnson, and “The Flash” are among the DC Comics superhero films that Warner Bros. Discovery CEO David Zaslav praised last week. (But not “Batgirl,” which the studio scrapped for a tax advantage despite being nearly finished.) “We’re very excited about them. We’ve seen them. We think they’re terrific,” on the company’s results call, Zaslav stated, He neglected to address the difficulties that Ezra Miller, the star of “Flash,” is facing. On Monday, word spread that Miller had been charged in Vermont with felony burglary. This comes after a number of allegations of wrongdoing against Miller, who has been charged with assaulting a lady and kidnapping. Warner Bros. has been silent over Miller’s ongoing legal issues thus far, but the debate is certain to intensify before the high-profile “Flash” movie is released next year.

Mixed stock futures

Image Source- Reuters

Tuesday morning’s U.S. stock market opening was expected to be muted after the Dow barely managed to win and the Nasdaq and S&P 500 both had modest declines the previous day. Investors are looking forward to further earnings reports, as well as the consumer price index report due out on Wednesday, as economists anticipate a little slowdown in inflation. Although there have been some notable failures (Novovax shares plunged after it sharply lowered its expectations Monday), most companies have reported favorable earnings. According to FactSet, about three-fourths of the 400+ firms that have reported thus far this season have exceeded expectations. Disney will report on Wednesday, Coinbase will make an announcement after the bell on Tuesday, and Spirit will report on Tuesday morning.

Trump’s home is searched by the feds

Image Source- Getty Images

On Monday, FBI investigators spent several hours at the South Florida residence and exclusive club of the former president Donald Trump. A Justice Department inquiry into how and why 15 boxes of White House records, which included data tagged as sensitive, wound up at Mar-a-Lago rather than the National Archives, was at least partially the subject of the search, according to a number of media sources. Agents collected records, according to a Trump attorney who spoke to NBC News. On Monday, Trump was in New York. The search and seizure occur at a time when Trump is dealing with mounting legal issues related to a House committee’s inquiry into the pro-Trump uprising on January 6 at the Capitol and a Georgia investigation into election meddling. As Trump considers a second presidential bid and Republicans work to take back Congress this fall, the raid’s political repercussions are expected to be seismic.

Allbirds are making cuts

But there’s still a problem with inflation. Allbirds, a company that specialises in “eco-friendly” footwear, announced on Monday that it would slow down its hiring pace and reduce expenses in order to deal with a fall in demand brought on by rising prices and other economic concerns. The store also lowered its annual projection. Over 10% of the stock dropped during after-hours trading. In November of last year, Allbirds went public with a $4 billion value. Its market value was $842 million as of Monday’s closing bell.

Tags: Allbirds cutting backbondsConsumer ExpectationsConsumers expect inflation to easeDCDiscoveryDonald TrumpEzra MillerFBI investigatorsFederal ReserveFeds search Trump’s homeInflationInflation In USPresident Donald Trumprecessionstock and bond risesStock futures mixedStock marketStock market moves in premarketstock to investstocksThe Flashthings to know before the stock market opensTrumpUS News
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