5 things to know before the stock market opens on Wednesday, October 9

Here are five key things investors need to know when starting their trading day:

1. Landing Zone

Stocks rose on Tuesday as investors looked for signs of a so-called soft landing — a move by the Federal Reserve to rein in inflation without damaging the economy. this S&P 500 Index It rose nearly 1% on the day, while Nasdaq Index Up about 1.5% Dow Jones Industrial Average It rose slightly by 0.3%. The stronger-than-expected September jobs report boosted hopes that the economy can withstand anti-inflation measures since the Federal Reserve cut interest rates by 0.5 percentage point last month. Market observers will learn more details about the Fed’s thinking through the minutes of the Fed’s latest meeting, released on Wednesday. Follow live market updates here.

2. Prepare for Hurricane Milton

People watch a television screen showing a local news channel at a bar in Orlando, Florida, on October 8, 2024, as the community prepares for Hurricane Milton.

Saul Martinez | Getty Images

3. Is Google about to be broken up?

The Ministry of Justice stated that this considering breaking up letterA few weeks ago, a U.S. judge ruled that Google had a monopoly in the search market. The DOJ said the recommendations targeting Google’s search engine business “may include contractual requirements and injunctions; nondiscrimination product requirements; data and interoperability requirements; and structural requirements.” It added that it was “considering behavioral and structural remedies.” Measures to prevent Google from using products such as Chrome, Play and Android to take advantage of Google Search and Google Search-related products and features, including emerging search access points and features such as artificial intelligence intelligence – outperforming competitors or new entrants. A ruling on the remedies likely won’t come until next year, and Google’s appeals could delay the process. Lee-Anne Mulholland, Google’s vice president of regulatory affairs, called the proposals “radical” and said they would “lead to consumers.” Unintended consequences”.

4. Another TikTok dance in the courtroom

On March 22, 2023, a supporter held up a sign that read “TikTok” during a TikTok press conference in front of the U.S. Capitol in Washington, DC.

Alex Wong | Getty Images

A bipartisan group of more than a dozen state attorneys general A lawsuit was filed against social media app TikTok over its impact on children and young users. Officials accused the company of getting children addicted to the app, damaging their mental health and running an illegal money transfer business. A TikTok spokesperson said in a statement that the company disagrees with these claims and provides adequate safeguards for young users. Lawyers for TikTok previously argued in a federal appeals court in September that a new law that would ban the app on January 19 unless Chinese owner ByteDance finds a non-Chinese buyer for the company is unconstitutional.

5. Boeing negotiations stalled

boeing companyNegotiations with striking workers are currently at an impasse. The company withdrew its contract offer for some 33,000 machinists who have been on strike since mid-September, adding that further negotiations “are currently meaningless.” Boeing said the union was not considering a proposal to increase contract pay during this week’s negotiations, while the International Association of Machinists and Aerospace Workers said the company declined to increase wages, vacation and sick leave. As the strike drags on, Boeing, already reeling from years of missteps, will find itself in further financial trouble.

— CNBC’s Jeff Cox, Leslie Josephs, Spencer Kimball, Jennifer Elias and Dan Mangan contributed to this report.

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