5 things to know before the stock market opens on Thursday

5 things to know before the stock market opens on Thursday

Traders work on the floor of the New York Stock Exchange.

NYSE

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

1. Overcome a busy week

The markets don’t look much clearer now that we’ve passed the milestone of a busy earnings week. All three major indices had a mixed Wednesday. The Dow posted a fourth straight winning streak, just barely, while the Nasdaq and S&P 500 snapped their three-day winning streaks. Thursday morning futures didn’t look so clear cut either. Investors are largely ruminating on the outlook for several Big Tech earnings that have already been released this week, including Microsoft, Alphabet and Meta (more on that below). Two more biggies also arrive on Thursday, with Apple and Amazon expected to report after the bell. There is also another Fed meeting next week, which means another big rate hike is on the way (see below). Read live market updates here.

2. If a stock falls into the metaverse…

Meta CEO Mark Zuckerberg shows off an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers at the Oculus Connect 3 event in San Jose, California, United States, Thursday, October 6, 2016.

David Paul Morris | Bloomberg | Getty Images

3. Missiles hit Kyiv

This photograph shows Independence Square in Kyiv during a continued blackout of parts of the Ukrainian capital’s neighborhoods following rocket attacks over the past two weeks against critical infrastructure, on October 24 2022, in the midst of the Russian invasion of Ukraine.

Sergei Supinsky | AFP | Getty Images

4. Powell under pressure

U.S. Federal Reserve Board Chairman Jerome Powell leaves after holding a news conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.

Kevin Lamarque | Reuters

5. Sink or swim

Elon Musk’s Twitter profile is seen on a smartphone atop printed Twitter logos in this illustration taken April 28, 2022.

Given Ruvic | Reuters

Elon Musk showed up on Wednesday at Twitter headquarters with a sink in his hands, pretty much just so he can do a “let it flow” pun on, you guessed it, Twitter. All signs point to Tesla’s billionaire CEO closing his $44 billion deal to take the social media company private just in time for a court-set deadline on Friday. Musk’s takeover will conclude a month-long saga in which he made the deal for $54.20 a share, walked away from it, and Twitter sued him to close the deal. Now the question becomes, what will Musk actually do with Twitter? We’ll just have to see what the self-proclaimed “Chief Twit” has in store for us.

– CNBC’s Samantha Subin, Jonathan Vanian, Natasha Turak, Jeff Cox and Lauren Feiner contributed to this report.

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