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5 things to know before the stock market opens Wednesday, Oct. 13


Investors need the following news, analysis and trends to help them start trading:

1. Wall Street wants to avoid a losing streak of four sessions

Traders are seen working on the New York Stock Exchange’s (NYSE) floor, October 12, 2021.

Brendan McDermid | Reuters

2. 2. Supply chain issues and rising costs could cause rocky earnings

Supply chain challenges, labor shortages, and increased energy prices all contribute to this. very difficult quarter to model. According to Nick Raich (CEO of The Earnings Scout), 22 early-reporting companies beat expectations by 11% as of Tuesday. This beat is higher than the usual beat of 3 to 5% but it’s still below the average beat in the previous quarters, which includes the 18% beat for this quarter. In the past few weeks, third quarter estimates that had been steadily rising over months have fallen.

3. Consumer prices for September expected to stay high

It 10-year Treasury yieldOn Wednesday, the rate fell to 1.57% ahead of what’s expectedTo be another report of elevated inflation. At 8:30 AM, the government will release its September consumer price index. ET publishes the September consumer price index. Economists anticipate that headline CPI and core CPI (which excludes food and energy) will remain at the same level as the month before. According to the Federal Reserve2.30 p.m. ET issues minutes from September’s policy meeting, when central banksers were present indicatedThey expect to reduce monthly assets purchases soon, but they didn’t specify when.

4. White House seeks to support key West Coast ports in their ability to remain open round the clock

President Joe BidenA plan to reduce West Coast port backlogs will be unveiled Wednesday by the Port of Los Angeles. It involves expanding 24-hour operations. Los Angeles’ Port of Los Angeles will announce an announcement. shift to 24/7 operationsFollowing a similar move by the Port Of Long Beach, California last month, this is now. The commitments of some the country’s most prominent retailers and shippers are central to this plan to alleviate supple chain disruptions. FedEx UPS WalmartAnd Home DepotTo increase the number of ports’ operations during the night and on weekends to ensure that the products reach the market. The ports together account for 40% of all shipping containers that enter the United States.

5. U.S. will reopen its land borders to fully-vaccinated citizens in November

Wednesday’s statement by the U.S. reopen its land bordersTo nonessential travel in the next month. This is the end of a 19-month frozen due to CovidAs the country moves towards requiring all foreign visitors to get vaccinated, Since the outbreak, travel by ferry, vehicle and rail between the U.S., Canada, and Mexico was restricted to only essential needs. This latest action follows the announcement last month that U.S. would no longer ban travel by country for international air travel. Instead, they will require foreigners to obtain Covid shots.

— The Associated Press contributed to this report. You can follow all market activity like a professional. CNBC Pro Find the most recent information about the pandemic here CNBC’s coronavirus coverage

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.