Posted 8/23/2023, 11:17:11 AM
5 things to know before the stock market opens Wednesday
Summary
- Nvidia stock futures are up as traders await the company's earnings report, with analysts predicting strong profit and revenue.
- Retail stocks, including Dick's Sporting Goods, Macy's, and Foot Locker, suffered significant losses due to disappointing forecasts and falling sales.
- UPS workers have approved a five-year labor deal that includes wage increases and improved safety precautions and schedules.
- Amazon is requiring some employees to relocate to central office hubs, causing disruption and prompting some employees to quit.
- The wildfires in Maui, Hawaii, resulted in economic losses estimated to be between $4 billion and $6 billion, making them the deadliest U.S. wildfires in over a century.