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5 Things to Know Ahead of Monday’s Stock Market Opening

For investors to begin their trading day, the following news items are the most crucial:

1. Traders expect a recovery in October

Investors are wishing for a stronger month’s performance than previous month’s. U.S. stocks had their worst month of the year in September before the first trading week of October began. In comparison to the S&P 500 and the Nasdaq Composite, which declined 4.9% and 5.8%, respectively, and the Dow Jones Industrial Average, which sank 3.5% for the month.

2. Congress avoids a strike

With little time to spare before funding ran out on Sunday, lawmakers prevented a shutdown that would have jeopardised a number of federal employment, benefits, and services and hampered the economy. The budgetary allocation will fund government operations for 45 days.

3. Payment of student loans is resumed

As of this month’s first day, up to 40 million Americans are in behind on their federal student loan payments for the first time since 2020. According to one estimate, the average borrower will be responsible for monthly payments of hundreds of dollars, which will total $7 billion to $8 billion. Households across the nation will experience hardship as a result of payments commencing, even though the long-term impact on the economy is unknown.

4. Apple will address the issue of overheating phones.

To address the problem that has been causing Apple’s new iPhone 15 models to overheat, the company will release a software update. The company told CNBC in a statement that it had “discovered a few scenarios which can cause iPhone to run warmer than planned.”

5. Upcoming senator from California

Dianne Feinstein, who served in the Senate for the longest time by any California senator, passed away on Friday at the age of 90. California Governor Gavin Newsom has picked Laphonza Butler to take her place. EMILY’s List, a group that aims to elect Democratic women to Congress, is currently led by Butler, who will join history as the third Black woman to hold a Senate seat. Butler will represent a state with one of the world’s largest economies as a whole.

Source (CNBC)

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