Sunday, April 21, 2024
HomeTrading RoomBefore the stock Market Opens on Wednesday, Here Are Five Things to...

Before the stock Market Opens on Wednesday, Here Are Five Things to Know

Here are the key news items that investors should be aware of as they begin their trading day:

1. Market Volatility:
The second quarter is commencing on a turbulent note as bond yields are increasing, leading to reduced expectations of a potential interest rate cut by the Federal Reserve in June, causing market downturns.

2. Disney Board Battle:
Shareholders of Disney are set to vote on the composition of the company’s board, following activist investor Nelson Peltz’s challenge. The decision will determine whether the current board members will retain their positions or if activist-backed candidates, including those from Trian Partners led by Peltz, will replace certain directors.

3. Tesla’s Decline:
Tesla witnessed a drop in year-over-year deliveries for the first time since 2020 due to operational disruptions caused by the pandemic. The electric vehicle company reported a 8.5% decline in first-quarter vehicle deliveries, totaling 386,810 units compared to the previous year.

4. Health Insurers’ Setback:
Major U.S. health insurance companies experienced significant share declines following the Biden administration’s announcement of Medicare plan payments that fell below industry and investor expectations. The decision adds financial pressure on insurers already grappling with high medical costs.

5. Crude Oil Prices Surge:
On Tuesday, oil prices surged to their highest levels since October, driven by increased geopolitical risks and robust economic indicators. The West Texas Intermediate crude oil contract for May delivery rose by $1.44 to settle at $85.15 per barrel, while the global benchmark Brent contract for June delivery increased by $1.53 to $88.94 per barrel.

Source (CNBC)

- Advertisment -

Most Popular

Bitcoin on the Rise: Will the Trend Continue?

Google UX Design Professional Certificate

Discover AI in Daily Life

Google IT Support Professional Certificate

Recent Comments