5 THINGS TO KNOW BEFORE THE STOCK MARKET OPENS

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Amara

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Jul 18, 2024
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Rate Relief: Investors celebrated the Federal Reserve's recent interest rate cut, with the Dow closing at a record high on Friday. The market is now focused on the Fed's next move, which could involve another rate cut in November.

Government Shutdown Watch: Congress faces a week to pass a spending bill to avoid a government shutdown. A new proposal by House Speaker Mike Johnson could extend funding through December, but it lacks some controversial provisions supported by former President Trump.

Kamala Harris' Fundraising Advantage: Democratic presidential nominee Kamala Harris entered the final stretch of the 2024 campaign with a significant fundraising lead over Donald Trump. Harris raised $189 million in August, holding a narrow polling lead ahead of the second debate.

Boeing Workers Strike: Striking Boeing machinists in the Pacific Northwest are preparing for an extended work stoppage, as they push for higher wages in response to rising living costs in the Seattle area.

Airline Credit Card Shakeup: American Airlines is negotiating with Citigroup to become its exclusive credit card partner, potentially replacing Barclays. The lucrative deal is still under regulatory review.