5 things to know before the stock market opens on Friday

5 things to know before the stock market opens on Friday

Traders on the floor of the NYSE, October 20, 2022.

Source: NYSE

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

1. Weak point?

The good news: Stocks are on course for their best week since the start of last month. The bad news: US markets are on a two-day losing streak and things weren’t looking so good before the bell on Friday either. After a promising start to the week, as equities were fueled by relatively strong earnings reports from major banks and others, bond yields soared, sending stocks tumbling. On Thursday, the 10-year Treasury yield hit 4.239% for the first time in 14 years. 2-year and 30-year yields also reached levels not seen in over a decade. Read live market updates here.

Read more: An often-overlooked economic metric signals serious trouble ahead

2. Broken again

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France on June 17, 2022.

Benoit Tessier | Reuters

3. More twists in the Twitter saga

In this photo illustration an image of Elon Musk is displayed on a computer screen and the twitter logo on a mobile phone in Ankara, Turkiye on October 06, 2022.

Muhammed Selim Korkutata | Anadolu Agency | Getty Images

4. Ukraine continues

Ukrainian President Volodymyr Zelenskyy visits the Memorial Wall of Fallen Defenders of Ukraine, amid Russia’s attack on Ukraine, during the celebration of Defender of Ukraine Day in Kyiv, Ukraine , October 14, 2022.

Ukrainian Presidential Press Service | Reuters

Ukrainian forces continued to retake territory in the Kherson region, as Russian forces withdrew and evacuated the area. The Ukrainian government has accused the Russians of forcibly deporting Ukrainians, but the Kremlin has denied it. Volodomyr Zelenskyy, President of Ukraine, also warned that Russia could attack a hydroelectric dam in Kherson. His comments come as Ukraine attempts to repair its electricity infrastructure following waves of Russian missile and drone attacks on city centers and other major centers. Read Live War Updates here.

5. Who’s next?

Britain’s Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain, October 20, 2022.

Henry Nicholls | Reuters

#stock #market #opens #Friday

Leave a Comment

Your email address will not be published. Required fields are marked *