5 things to know before the stock market opens Friday
Publishing timestamp: 2023-10-06 08:36:00
Summary
The stock market is experiencing negative trends with the Dow and S&P 500 on track for losses. The September jobs report came in stronger than expected, potentially leading to an increase in the Federal Reserve's benchmark rate. The future of the media industry may depend on the NBA's rights deals with potential media partners. The SEC has sued Elon Musk for ignoring a subpoena to testify in a probe into potential securities fraud. General Motors shares fell due to the United Auto Workers union's strike and a report about potentially dangerous air bag parts. Other auto stocks, such as Rivian and Lucid, also experienced declines.
Sentiment: MIXED
Tickers: WBD, GOOGL, DIS, LCID, RIVN, NFLX, US10Y, GOOG, GM,
Keywords: warner bros discovery inc, economy, business, netflix inc, investment strategy, alphabet inc, lucid group inc, u.s. 10 year treasury, alphabet class c, rivian automotive inc, markets, walt disney co, general motors co, business news,
Source: https://www.cnbc.com/2023/10/06/5-things-to-know-before-the-stock-market-opens-friday-october-6.html