Investors should be aware of the following five essential points before beginning the trading day:
1. Let the timer run out. Tuesday’s close saw a minor increase for all three major averages. The broad market index concluded at 5,625.80, while the tech-heavy Nasdaq ended at 17,754.82, up 0.16% for both the S&P 500 and the Nasdaq Composite.
2. The world’s “most important stock” Nvidia is the focus of attention as investors await its quarterly results, which are expected to be released Wednesday after the bell.
3. Private equity in play The National Football League’s owners voted on Tuesday to allow certain private equity firms to purchase up to a 10% stake in a team; each fund or consortium will be able to do deals with up to six teams.
4. Getting the roof up For house prices, this is a new high. On the S&P CoreLogic Case-Shiller U.S. National Home Price Index, they hit an all-time high on Tuesday despite rising mortgage interest rates.
5. All right, Lego. Lego appears to remain untouched by the toy industry’s downturn in sales. On Wednesday, Lego said that its revenue had climbed by 13% in the first half. This is approximately $4.65 billion, or 31 billion Danish kroner.
Source (CNBC)
