Investors should be aware of the following five essential points before beginning the trading day:
1. Breaking Tuesday’s advances for the S&P 500 and Nasdaq Composite snapped a three-day losing streak. While the tech-heavy Nasdaq gained 1.26% to close at 17,717.65, the broad market index closed the session at 5,469.30, up 0.39%.
2. Making an arrow The FedEx arrow appears to be exactly where it should be. Following the bell on Tuesday, the company exceeded revenue and earnings projections for its fiscal fourth quarter, sending shares surging higher in after-hours trade.
3. Press the metal pedal. With the launch of Rivian, an electric vehicle startup, Volkswagen is stepping up its game. With the intention of forming a joint venture, the corporation is investing $1 billion in the startup and has the potential to increase its interest to $5 billion by 2026.
4. Bringing the roof up Property values have reached yet another high. The S&P CoreLogic Case-Shiller National Home Price Index shows that prices increased 6.3% in April of this year over the same month the previous year.
5. Americans with YouTube subscriptions are slamming the like button. YouTube accounted for 9.7% of all American TV viewing last month on both connected and traditional TVs.
Source (CNBC)
