5 things to know before the stock market opens on Friday

Traders on the floor of the New York Stock Exchange, October 20, 2022.

Source: NYSE

Here are the most important news that investors need to start their trading day:

1. Weak end?

The good news: stocks are on track for their best week since early last month. The bad news: US markets are going through a two-day losing streak, and things weren’t quite right before Friday either. After a promising start to the week, when stocks were fueled by relatively strong earnings reports from major banks and others, bond yields soared, sending stocks lower. On Thursday, the 10-year Treasury yield hit 4.239% for the first time in 14 years. The returns for the thirty-year-old have also reached levels not seen in more than a decade. Read live market updates over here.

Read more: An economic measure that is often overlooked indicates serious problems in the future

2. Cut again

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology Conference dedicated to innovation and startups, at the Porte de Versailles Exhibition Center in Paris, France on June 17, 2022.

Benoit Tessier | Reuters

3. More twists on the Twitter saga

In this photo illustration, an image of Elon Musk on a computer screen and the Twitter logo are displayed on a mobile phone in Ankara, Turkey on October 6, 2022.

Mohamed Selim Korkouta | Anadolu Agency | Getty Images

4. Ukraine presses

Ukrainian President Volodymyr Zelensky visits the Wall of Memory of the Fallen Defenders of Ukraine, amid Russia’s attack on Ukraine, during the Defender of Ukraine Day celebration in Kyiv, Ukraine on October 14, 2022.

Ukrainian Presidential Press Service | Reuters

Ukrainian forces continued to retake territory in the country’s Kherson region, with Russian forces retreating and the region evacuated. The Ukrainian government accused the Russians of forcibly removing the Ukrainians, but the Kremlin denied this. Volodymyr Zelensky, the president of Ukraine, also warned that Russia might attack a hydroelectric dam in Kherson. His comments come as Ukraine tries to repair its electrical infrastructure after waves of Russian missile and drone attacks on city centers and other important centers. Read live war updates over here.

5. Who’s next?

British Prime Minister Liz Truss announces her resignation, outside No. 10 Downing Street, London, Britain, October 20, 2022.

Henry Nichols | Reuters


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