Investors should be aware of the following five essential points before beginning the trading day:
1. Having a stale feeling Growing tensions in the Middle East dragged on equities on Wednesday, with the three major averages closing slightly over the flatline.
2. Discrete and continuous What is the net value of one of the hottest tech companies? The firm that created ChatGPT, OpenAI, completed a much-anticipated investment round on Wednesday.
3. American vehicle stalls Reports from industry analysts predicting a decline in U.S. automakers’ sales in the third quarter appear to be coming true. In the third quarter, Stellantis reported a 19.8% decline from the previous year and an 11.5% decline from the end of the second quarter, continuing a years-long downward trend in sales.
4. Study buds from Lilly Since two of its weight reduction and obesity medications have been successful, Eli Lilly has decided to invest $4.5 billion to construct a medical research and manufacturing facility. The business said that new and more effective medicine manufacturing techniques will be used at the facility, which will be known as the Lilly Medicine Foundry.
5. Do you want to wager? Bets on the results of the 2024 congressional elections and possibly other federal elections may soon be available to the public. The CME’s attempt to prevent KalshiEx, a commodities exchange, from providing “Congressional Control Contracts” was denied by a federal appeals court.
Source (CNBC)
