Investors should be aware of the following five important points before the trading day begins:
1. The tech watch As the Nasdaq Composite increased 2.03% and the S&P 500 rose 0.92% on Tuesday, stocks partially recovered their losses.
2. The pattern of holding Wednesday is the first Federal Reserve meeting since President Donald Trump assumed office.
3. Is a comeback imminent? On Tuesday, Starbucks released revenue and earnings that above Wall Street’s forecasts.
4. The X-factor Financial services are where Elon Musk’s X is beginning to make inroads. The social networking platform is partnering with Visa to enable instantaneous peer-to-peer payments, such as those made through Zelle or Venmo, and the transfer of funds between traditional bank accounts and X members’ digital wallets.
5. ASMLÂ The Dutch semiconductor giant ASML’s stock increased by about 9% on Wednesday after the business revealed a sharp increase in net bookings for the fourth quarter.
Source (CNBC)
