5 THINGS TO KNOW BEFORE THE STOCK MARKET OPENS

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Amara

Member
Jul 18, 2024
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1. Positive End to the Week
Major indexes, including the Dow Jones (+1.64%), S&P 500 (+1.11%), and Nasdaq (+1.03%), closed higher, supported by June's PCE inflation data showing a 0.1% monthly increase.

2. Busiest Week of Earnings Season
Around 160 S&P 500 companies will report quarterly results, with key tech giants like AMD, Microsoft, Apple, and Amazon on the docket.

3. Supreme Court Overhaul Proposal
President Joe Biden unveiled a proposal for Supreme Court reform, introducing term limits for justices and a constitutional amendment to ensure presidents aren't immune from criminal prosecution.

4. Return of Discounted Meals
Fast-food chains like McDonald's and Taco Bell are bringing back $5 meals to attract cost-conscious customers, though investors are concerned about the impact on profits.

5. Record Box Office Debut
"Deadpool & Wolverine" set a new record with $205 million in domestic ticket sales and $438.3 million worldwide, marking the highest R-rated film debut in history.