Here are the most important news investors need to start their trading day:
1. Concerns about the Federal Reserve
Stocks were slow on Monday. All three major U.S. stock indexes have fallen for at least two weeks in a row. last week, Higher-than-expected inflation data heightened investor concerns that the Federal Reserve may wait longer than expected to begin cutting interest rates. All eyes will be on the Federal Reserve as it begins its two-day policy meeting on Tuesday. The central bank is expected to keep interest rates unchanged, which could provide clues to its future policy decisions.There are only a few large companies with Nike and fedex, will report earnings this week. Follow live market updates here.
2. Shutdown method
Congress has once again tempted a partial government shutdown. Lawmakers have until Friday to pass an appropriations bill or lapse funding for six departments, including the Defense, Treasury and State departments. Earlier this month, Congress passed legislation to fund some other agencies ahead of their imminent closures. This is a busy section of Parliament Hill.Rush to avert government shutdown as Senate considers approval A bill passed by the House of Representatives aims to force Chinese company ByteDance to sell TikTok.
3.Putin re-elected
4. Limited coverage
Novo Nordisk’s popular weight-loss drug Wegovy has been approved in the United States for its heart-health benefits.but Despite the additional use, insurance companies may not expand coverage of the treatment yet. When some health plans consider whether to cover the drug, they may balk at the price of more than $1,000 a month. But some state Medicaid programs may be more likely to cover treatment for cardiovascular disease.
5. Technological storm
The laid-off scientific and technological personnel are described their sense of desperation as they tried to find work after experiencing the brutal struggles of workers in the industry. So far this year, more than 200 technology companies have laid off more than 50,000 employees. In 2023, the technology industry saw its largest layoffs since the dot-com bubble burst in 2001. Unemployed workers now face a competitive job market that may pay less than the positions they previously held.
– CNBC’s Brian Evans, Rebecca Picciotto, Natasha Turak, Annika Kim Constantino and Alex Koller contributed to this report.
— Follow broader market trends like a pro CNBC Pro.