5 things to know before the stock market opens Wednesday
Publishing timestamp: 2023-01-04 12:26:56
Summary
Stocks started the year with a stumble after the long holiday weekend, with the Dow and S&P closing down slightly and the Nasdaq, hit by declines in Apple and Tesla stock, falling 0.8%. Apple's market cap fell below $2 trillion and regulators warned banks about crypto fraud. Mortgage demand fell 13% last week due to rising interest rates. The House of Representatives failed to elect a speaker for the first time in 100 years, foreshadowing more dysfunction in the next two years.
Sentiment: NEGATIVE
Keywords: investment strategy, business, apple inc, business news, markets, tesla inc, economy,