5 things to know before the stock market opens on Tuesday, January 24th

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


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

1. Stay green

Lack of income? Economic indicators point to recession? No problem. At least not so far. US stock markets are green so far in this short-lived year and have picked up some momentum over the past few days. The Nasdaq, in particular, has shown strength, although it has bounced back after a dismal 2022 that also hurt many big tech stocks. Multiple technology companies including Dow Component Microsoft (which reports earnings on Tuesday) are shedding thousands of jobs after a pandemic-driven hiring wave to show investors they’re serious about cutting costs. Other companies on Tuesday’s winning list: Verizon, Lockheed Martin, General Electric and Johnson&Johnson. Read live market updates here.

2. Microsoft strengthens the bond with OpenAI

OpenAI logo displayed on a phone screen and ChatGPT website displayed on a laptop screen can be seen in this illustrative photo taken on December 5, 2022 in Krakow, Poland.

Jakub Porzycki | Nurphoto | Getty Images

3. Google employees are pushing for answers

Google and Alphabet CFO Ruth Porat answered some employee questions surrounding the recent layoff at City Hall on Monday.

4. The way forward for Covid vaccines

A woman receives a booster dose of moderna coronavirus disease (COVID-19) vaccine at a vaccination center in Antwerp, Belgium, February 1, 2022.

Johanna Geron | Reuters

5. Wait and see for now

A person walks in front of the US Supreme Court building in rainy weather in Washington, the United States, on January 17, 2023.

Jonathan Ernest | Reuters

https://www.cnbc.com/2023/01/24/5-things-to-know-before-the-stock-market-opens-tuesday-january-24.html 5 things to know before the stock market opens on Tuesday, January 24th


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