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5 things to know before the stock market opens on Wednesday, December 7

 


Traders on the NYSE floor

Source: NYSE

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

1. Can stocks take the leap?

US stock markets entered a deep funk on Wednesday. After big losses on Monday, stocks fell again on Tuesday: the Nasdaq lost 2%, the S&P 500 fell 1.4% and the Dow fell more than 1%. Even with China easing its Covid restrictions, which should support that country’s economy, investors are increasingly worried that the Federal Reserve could hold its inflation-fighting rate hikes longer than expected. Fed policymakers are expected to hike rates another half a percentage point when they meet next week. Read live updates here.

2. The view from above

The consumer is still strong, but we expect a conservative 2023, says GM CEO Mary Barra

3. Warnock defeats Walker

ATLANTA, GEORGIA – DECEMBER 06: Georgia’s Democratic Senate candidate, U.S. Senator Raphael Warnock (D-GA), speaks during election night at the Marriott Marquis on December 6, 2022 in Atlanta, Georgia. Senator Warnock defeated his Republican challenger Herschel Walker in a runoff election tonight. (Photo by Win McNamee/Getty Images)

Win Mcnamee | Getty Images News | Getty Images

4. Major auto unions vote

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.

Steve Fecht for Chevy

5. Fierce fighting in Ukraine

A Ukrainian serviceman is seen in the trenches at the Bakhmut front line in Donetsk, Ukraine, December 04, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Sources

1/ https://Google.com/

2/ https://www.cnbc.com/2022/12/07/5-things-to-know-before-the-stock-market-opens-wednesday-december-7.html

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