Investors should be aware of the following five essential points before beginning the trading day:
1. Returning to the scene On Wednesday, the major indices concluded the day higher after a strong rally in stocks. It was the greatest day since February for the S&P 500 and the Nasdaq Composite.
2. Staying stable There isn’t a rate change for this meeting either. Federal Reserve officials declared on Wednesday that they would not be changing the short-term interest rate.
3. Expansion Meta Meta had better-than-expected results. With earnings of $5.16 per share on revenue of $39.07 billion, the megacap tech company on Wednesday exceeded Wall Street’s estimates for the second quarter after the bell.
4. Aw, the IPO. The initial public offering (IPO) that Bill Ackman had planned has been abandoned. Because there wasn’t enough demand from investors, the billionaire hedge fund manager on Pershing Square USA’s fund changed course on Wednesday.
5. Changing of the guard Dave Calhoun will be replaced as CEO of Boeing by Robert ‘Kelly’ Ortberg, an aerospace industry veteran with over thirty years of experience.The aviation maker made this announcement.
Source (CNBC)
