5 things to know before the stock market opens Wednesday – CNBC

December 22, 2022 by No Comments

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. 

Andrew Kelly | Reuters

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

1. A glimmer of holiday cheer

Stocks snapped out of their funk Tuesday, if only by a little bit, but it was still enough to stoke fading hopes of a Santa Claus rally. The three major U.S. indices snapped a four-day losing streak with the session, and there may be a chance for better performance Wednesday following two big earnings reports that lifted investors’ spirits. FedEx revenue fell shy of Wall Street’s projections, but earnings came in above them. Nike, meanwhile, easily beat estimates while making headway on its inventory clearance efforts (more on that below). Investors also got a look at the latest mortgage application data Wednesday. Read live markets updates here.

2. NFL Sunday Ticket deal is near

NFL Commissioner Roger Goodell during the NFL Football match between the Miami Dolphins and Indianapolis Colts on October 3rd, 2021 at Hard Rock Stadium in Miami, FL.

Andrew Bershaw | Icon Sportswire | Getty Images

National Football League Commissioner Roger Goodell had said he expected the league to reach a deal for its Sunday Ticket rights during the fall. Well, after months of talks between the NFL and Apple, Amazon and others, the calendar is about to turn from fall to winter, and it looks like we could have a deal. The NFL, as of Tuesday night, was close to signing a deal with Google‘s YouTube TV to carry the games package. Terms of the agreement were still being ironed out. DirecTV has been paying $1.5 billion for Sunday Ticket each year since 2015. The NFL has been seeking a buyer willing to pay between $2 billion and $3 billion.

3. Nike makes inventory progress

People wearing protective face masks walk past the …….

Source: https://news.google.com/__i/rss/rd/articles/CBMiaWh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMjIvMTIvMjEvNS10aGluZ3MtdG8ta25vdy1iZWZvcmUtdGhlLXN0b2NrLW1hcmtldC1vcGVucy13ZWRuZXNkYXktZGVjZW1iZXItMjEuaHRtbNIBbWh0dHBzOi8vd3d3LmNuYmMuY29tL2FtcC8yMDIyLzEyLzIxLzUtdGhpbmdzLXRvLWtub3ctYmVmb3JlLXRoZS1zdG9jay1tYXJrZXQtb3BlbnMtd2VkbmVzZGF5LWRlY2VtYmVyLTIxLmh0bWw?oc=5

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