5 things to know before the stock market opens on Tuesday, January 17th

Here is the key news investors need to start their trading day:

Welcome back from the bank holiday weekend. It’s only been two weeks, but 2023 has been good for stocks. The Dow is up 3.5%, the S&P 500 is up 4.2%, and the Nasdaq, which was the worst of the three indexes in 2022, is up 5.9%. Although the Federal Reserve is sticking with its plan to raise interest rates further in order to bring down inflation, the latest data show that consumer prices are cooling even if the labor market remains resilient. Meanwhile, as investors await the Fed’s next rate decision on Feb. 1, they will digest the first wave of quarterly earnings reports. Several major banks also reported this on Friday Delta Airlines. Tuesday brings more banks to the bell (see below) and United Airlines after the close. Procter and Gamble and Netflix Report Thursday. Read live markets updates here.

Investment banking at JPMorgan Chase and Citigroup didn’t look good in the fourth quarter, so that’s how Wall Street is looking now Goldman Sachs for its acquisition of this segment of the banking industry. Analysts expect Goldman, which is due to report earnings Tuesday morning, will report lower earnings and earnings than in the year-ago quarter. Investors will also be interested in hearing more details from Goldman CEO David Solomon on the company’s recent moves to cut jobs and scale back its consumer banking ambitions, writes CNBC’s Hugh Son. MorganStanley will also report on Tuesday morning.

China’s population has declined over the past year for the first time since the 1960s. The population in mainland China fell by 850,000 to 1.41 billion, the China Bureau of Statistics reported, accounting for 9.56 million births and 10.41 million deaths. The update comes days after China reported that 60,000 people, mostly seniors, have died from the coronavirus since early December, when the country eased its “zero Covid” policy. And while China reported stronger-than-expected GDP growth for 2022, the latest population figures suggest concerns over demand in the country could linger for years. China is also on the verge of losing its title as the world’s most populous country, with India right on their heels.

Here’s something investors can “cut and save” for this year: 10 Auto Industry Predictions by Cox Automotive. We won’t reveal much about it here, but if you’ve been following the business you might have a good idea of ​​where the predictions are already pointing. Expect some trends to continue this year, although others are primed to reverse, particularly when it comes to supply chain. “We’re trading a supply problem for a demand problem,” said Jonathan Smoke, Cox’s chief economist.

The World Economic Forum in Davos, Switzerland, kicked off earlier this week, bringing together brokers from the political and corporate worlds wasted no time in meeting. CNBC’s Brian Schwartz and Hugh Son report that pro-business Sens. Joe Manchin, DW.Va., Chris Coons, D-Del. and Kyrsten Sinema, I-Ariz., along with several House lawmakers and Georgia GOP Gov. Brian Kemp, dined with dozens of business leaders Monday at the luxurious Hotel Schatzalp. Coons told CNBC that about 50 CEOs would be in attendance for the lunch, but didn’t name any of them. CNBC confirmed that Antonio Neri, CEO of Hewlett-Packard Enterprise, was present, as was Klaus Schwab, executive chairman of the World Economic Forum.