5 things to know before the stock market opens Thursday

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

We’re deep into earnings season, so investors are getting more and more data to chew on every day. Tesla, IBM And Levi Strauss headlined after Wednesday’s bell earnings, while Thursday saw several more hits, including Comcast before the bell intel after the market closes. Meanwhile, mixed trading is going on in the US stock markets. The Dow posted a win after falling more than 400 points earlier in the session. The S&P 500 and the Nasdaq declined slightly. Read Live Market Updates Here,

Investors will also be locked in fourth quarter gross domestic product Report good. GDP came to one annual rate of 2.9% down from 3.2% in the third quarter. Economists polled by Dow Jones GDP rose 2.8%. Market watchers and economists are looking for clues as to what the economy will do this year. There is talk of a recession, although there are some who believe that the US will avoid such a recession in 2023. And if we do experience a recession this year, it could be mild, because despite inflation, consumers remain resilient and the job market remains strong.

Tesla Shares soar after the electric vehicles leader posts quarterly results Topped Wall Street’s expectations, Meanwhile, margins fell to their lowest level in five quarters as it cut prices and faced rising costs. Still, the big story for Tesla was whether it could cope with the drop in demand for its cars, especially as competitors bring their own EVs to market. Tesla slashed the prices of many of its vehicles late last year and earlier this month to swan demand. So far, it seems to be working. CEO Elon Musk said, “So far in January we’ve seen the strongest orders we’ve ever seen in our history. We’re currently seeing orders at almost twice the rate of production.”

Smartphone shipments have declined worldwide during the holiday shopping quarter, according to market research firm IDC. Overall, firms shipped 18.3% fewer smartphones compared to the same quarter in 2021, the biggest drop ever. For the full year, the companies shipped 1.21 billion smartphones, the lowest annual total since 2013. Heavy on shipments,” said Nabila Popal, research director at IDC. apple It remained the top smartphone maker, although its shipments also declined.

Akio Toyoda, grandson of Toyota’s founder, will Exit the role of CEO of the company Will come on 1st April. He will become chairman, while the company’s branding chief Koji Sato will take over as chief executive. Toyoda defends his decision to lead the auto giant in his most recent years Not for full adoption of electric vehicles, adding that converting the auto market to all EVs won’t be as easy as some of Toyota’s rivals hope. In announcing his resignation, Toyoda reflected on his tenure in clear terms. He said, “Looking back, these 13 years have been a struggle to survive one day after another and that is my true feeling.”

— CNBC’s Alex Haring, Patti Dome, Lora Kolodny, Arjun Kharpal and Ruxandra Iordache contributed to this report.

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