May 18, 2024

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5 things to know before the stock market opens Friday, November 17

2 min read

News Update – Pre-Markets

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

1. Steady as she goes

Stock futures were up Friday morning as the major indexes look for their third straight week of gains. Futures tied to the Dow Jones Industrial Average rose about 80 points, or 0.24%, while S&P 500 futures advanced 0.2%, and Nasdaq 100 futures were essentially flat. On the week, the Dow is up 1.9% through Thursday’s close, the S&P 500 is up 2.1% and the Nasdaq is up 2.3%. Follow live market updates.

2. Deflation nation

People shop in a holiday section ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. 

Mario Tama | Getty Images News | Getty Images

According to Walmart, Christmas may come relatively cheap this year. CEO Doug McMillon said alongside the company’s quarterly earnings report that the retailer expects to see lower prices in some general merchandise and key grocery items. “In the U.S., we may be managing through a period of deflation in the months to come,” he said. “And while that would put more unit pressure on us, we welcome it, because it’s better for our customers.” Shares of the big-box retailer fell 8% on the day following the cautious outlook.

3. Order up

A Boeing 777-9 jetliner aircraft is pictured on the tarmac during the 2023 Dubai Airshow at Dubai World Central – Al-Maktoum International Airport in Dubai on November 13, 2023. 

Giuseppe Cacace | AFP | Getty Images

Aircraft manufacturer Boeing racked up 295 orders across four days of the 2023 Dubai Air Show, trouncing its French rival Airbus’ 86 orders, according to company reports and third-party tallies. Each year the Middle East’s largest aviation event comes flush with jet orders. This year’s buyers showed a particular appetite for wide-body planes, CNBC’s Natasha Turak reports. Boeing’s popularity at the show represents a notable rebound after years of safety concerns.

4. Done deal

United Auto Workers members strike the General Motors Lansing…



2023-11-17 07:23:00

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