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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Stock Market Rally: The S&P 500 and Dow Jones Industrial Average are on six-week winning streaks, closing at record highs last Friday. Earnings reports and the upcoming presidential election will play a key role in determining whether stocks continue to rise.

Earnings Season: About 20% of S&P 500 companies will report earnings this week, including major transportation-related firms like Tesla, General Motors, and Boeing. Other big names include Verizon, Coca-Cola, AT&T, and UPS.

Boeing Strike Resolution: Boeing and its machinists union have reached a contract proposal that could end a strike lasting over a month. Workers will vote on the deal, which includes significant pay raises and bonuses.

U.S. Presidential Election: The 2024 election is just over two weeks away, with a tight race between Kamala Harris and Donald Trump. Their platforms on issues like Social Security, drug prices, and abortion are being scrutinized.

WNBA Championship: The New York Liberty won their first WNBA title, wrapping up a season of record-breaking viewership and growth for the league. The WNBA has secured a new $2.2 billion media rights deal and will expand both its season and teams in 2025.

These points offer insight into the potential direction of the stock market, key earnings reports, labor agreements, political developments, and sports business growth.