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5 things to know before the stock market opens Wednesday, September 28

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Traders on the floor of the NYSE, Sept. 27, 2022.

Source: NYSE

Here are the most important news items that investors need to start their trading day:

1. Looking for a bottom

For a while it looked hopeful U.S. stock markets had fallen as far as they could this year. Since June, stocks had been chugging back. Now we’re in the early days of fall, and the S&P 500 is coming off a fresh 2022 low Tuesday. There could be more selling to come, as well. The Fed is sticking to its aggressive anti-inflation plan, while the upcoming batch of corporate earnings could offer some more dire news, even if companies have lowered expectations. Stock futures seesawed Wednesday morning following a new development from the UK (see below).

2. Bank of England gets involved

Analysts expect the Bank of England may need to raise interest rates more aggressively following market turbulence on Monday morning.

Sopa Images | Lightrocket | Getty Images

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3. Ian rolls in

Hurricane Ian makes its way to Florida’s west coast after passing Cuba in a composite image from the National Oceanic and Atmospheric Administration (NOAA) GOES-East weather satellite September 27, 2022.

NOAA | via Reuters

4. Pivotal moment for Ukraine

A view shows the Russian flag flying in the square during a five-day referendum on the secession of Zaporizhzhia region from Ukraine and its joining Russia, in the Russian-controlled city of Melitopol in the Zaporizhzhia region, Ukraine September 26, 2022.

Alexander Ermochenko | Reuters

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5. GM hits the brakes on return to office

General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022.

Rebecca Cook | Reuters

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Bellie Brown
Bellie Brownhttps://businesstimes.org
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