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

A trader works on the floor of the New York Stock Exchange (NYSE) on January 5, 2023.

Andrew Kelly | Reuters

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

1. Back

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.

2. Eyes on Goldman

Goldman Sachs Group Inc. Chief Executive Officer David Solomon during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, U.S. on Tuesday, December 6, 2022.

Michael Nagel | Bloomberg | Getty Images

3. China’s population decline

Commuters at a subway station in Shanghai, China, on Monday October 10, 2022.

Qilai Shen | Bloomberg | Getty Images

4. Auto industry forecasts

Ford workers produce the F-150 Lightning electric pickup truck December 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC).

Michael Wayland | CNBC

5. Eating and drinking in Davos

Members of the US Congressional delegation in Davos, Switzerland, for the World Economic Forum

Brian Schwartz | CNBC

https://www.cnbc.com/2023/01/17/5-things-to-know-before-the-stock-market-opens-tuesday-january-17.html 5 things to know before the stock market opens on Tuesday, January 17th

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