Investors should be aware of the following five essential points before beginning the trading day:
1. Massive downturn On Wednesday, declines were seen in every major index. The S&P 500 closed at 5,427.13 after falling 2.31% during the trading day. At 17,342.41, the Nasdaq Composite closed down 3.64% as well.
2. Relentlessly Evidently, Ford Motor and Stellantis’ earnings figures were not particularly impressive. A net profit of 5.6 billion euros ($6.07 billion) was declared by Stellantis for the first half of 2018. In comparison to the same period last year, that is a 48% decline.
3. Set aside This year’s withdrawal from the presidential contest was explained by U.S. President Joe Biden on Wednesday night. Speaking to the American people at the White House, the president reiterated his support for Vice President Kamala Harris to be the Democratic Party’s nominee, saying that “the defence of democracy is more important than any title.”
4. Veering off course Southwest Airlines declared the largest change to its policies in its history. The airline is switching from open seating to seats with more legroom on its aircraft. Beginning in 2019, Southwest intends to offer the first flights with additional legroom.
5. Happiness at the box office The top spot at the box office has been formally recovered by Disney. After surpassing Disney’s “Frozen II,” which held the title back in 2020, “Inside Out 2” became the highest-grossing animated film of all time on Tuesday with over $1.46 billion in worldwide ticket sales.
Source (CNBC)
