5 things to know before the stock market opens Thursday – CNBC
A trader works on the trading floor at the New York Stock Exchange (NYSE), December 14, 2022.
Andrew Kelly | Reuters
Here are the most important news items that investors need to start their trading day:
1. Two more days of this …
Welcome to the penultimate trading day of 2022. Even if these next two days are good – and the past few days would indicate otherwise – U.S. stocks are set to finish their worst year since 2008. Back then, the economy was mired in a massive financial crisis, Barack Obama had just been elected president, and James Cameron’s first “Avatar” movie was still a year from being released. Stocks are coming off a down Wednesday, which saw all three major indices slide more than 1%. Apple, in particular, was a big drag, as it hit a new 52-week low. Read live markets updates here.
2. Musk addresses Tesla stock meltdown
Win Mcnamee | Getty Images News | Getty Images
Elon Musk has been wrapped up in Twitter since he completed his $44 billion acquisition in October, but he took some time Wednesday to write to his employees at Tesla. The brief note acted as a rallying cry, urging employees to do whatever they can to get cars to customers before the end of the year. He ended it with a postscript urging employees not to be “too bothered by stock market craziness,” an acknowledgment of Tesla shares’ recent sharp declines. “Long-term, I believe very much that Tesla will be the most valuable company on Earth!” he wrote. Tesla shares rose more than 3% Wednesday, but they are down 68% this year.
3. Media’s brutal year
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.
Dado Ruvic | Reuters
No matter where media companies looked this year, there was bad news. Netflix actually lost subscribers for the first time in years, while Disney acknowledged that its subscriber growth goals were …….