5 things to know before the stock market opens Tuesday

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

Welcome back from the holiday weekend. It’s only been two weeks, but 2023 has been kind to stocks. The Dow is up 3.5%, the S&P 500 has jumped 4.2%, and the Nasdaq, which had the worst 2022 of the three indexes, is up 5.9%. Even as the Federal Reserve sticks to its plan to continue raising rates to bring down inflation, recent data suggests consumer prices are cooling off, even as the job market remains strong. While investors await the Fed’s next rate decision on February 1, in the meantime they will be processing the first wave of quarterly earnings reports. Several big banks reported on Friday, as did Delta Airlines, Tuesday brings more banks before the bell (see below) and United Airlines take off. Procter & Gamble And netflix Report Thursday. Read live market updates here.

Investment banking at JPMorgan Chase and Citigroup didn’t look great in the fourth quarter, so now Wall Street thinks Goldman Sachs for its impact on that segment of the banking industry. Analysts expect Goldman, which is slated to report earnings Tuesday morning, to post lower profit and revenue compared to the year-ago quarter. Investors will be interested to hear more details from Goldman CEO David Solomon on his recent moves to cut jobs and scale down his ambitions in consumer banking, writes CNBC’s Hugh Sonn. Morgan Stanley He is also scheduled to report on Tuesday morning.

China’s population fell last year for the first time since the 1960s, The population of mainland China dropped by 850,000 to 1.41 billion, China’s National Bureau of Statistics reported, factoring in 9.56 million births and 10.41 million deaths. The update comes days after China reported that 60,000 people, mostly senior citizens, had died of the coronavirus since the beginning of December, as the country relaxed its “zero Covid” policy. and while China reported Stronger than expected GDP growth for 2022The latest population numbers show that concerns about demand in the country may remain for years. China is also on the verge of losing the title of the world’s most populous country. India on her heels,

Here’s something for investors to “clip and save” for this year: 10 Predictions for the Auto Industry From Cox Automotive. We won’t give it much away here, but if you’ve been tracking the business, you might have a pretty good idea of ​​where the predictions are already pointing. Expect some trends to persist this year, although other trends are likely to reverse, especially when it comes to supply chains. “We’re swapping a supply problem for a demand problem,” said Jonathan Smock, Cox’s chief economist.

The World Economic Forum in Davos, Switzerland, began earlier this week, and political and corporate power brokers wasted no time meeting, CNBC’s Brian Schwartz and Hugh Sonn report that the business-friendly censors. Joe Manchin, DW.VA, Chris Koons, D-Del. and Kirsten Sinema, I-Ariz., along with several House lawmakers and Georgia’s GOP governor, Brian Kemp, dined with dozens of business leaders Monday at the upscale Hotel Schatzlap. Koons told CNBC that 50 CEOs would be at the lunch, but did not name any of them. CNBC confirmed that Hewlett-Packard Enterprise CEO Antonio Neri attended, as did Klaus Schwab, executive chairman of the World Economic Forum.

— CNBC’s Alex Haring, Hugh Son, Evelyn Cheng, Michael Wieland and Brian Schwartz contributed to this report.

, Follow broad market action like a pro cnbc pro,