Source: NYSE Here are the most important news investors need to start their trading day:
1. Stocks seek new winning streak
Stock futures opened higher on Thursday after a positive Wednesday for all three major US indexes. Markets are trying to get back on track heading into September after the summer rally lost some momentum this month. Investors are eager for clues on what the Federal Reserve will do at its meeting next month to fight inflation. A couple of days of remarks from Fed speakers in Jackson Hole, Wyoming, starting Thursday, could well scratch that itch. Fed Chairman Jerome Powell is scheduled to speak on Friday.
2. Ugly Peloton Results
3. Gentle guidance from Salesforce
Marc Benioff, CEO of Salesforce, at WEF in Davos, Switzerland on May 25, 2022. Adam Galica | CNBC Shares of software maker Salesforce fell in after-hours trading after the company cut its outlook for the year. “Almost everyone I’ve talked to is taking a more measured approach to their business,” company co-founder and co-CEO Marc Benioff said on a conference call with analysts. “We expect these trends to continue in the near future, and we have reflected this in our guidance.” Salesforce also approved a $10 billion share buyback program. It’s also raising prices for Slack, the team messaging app it acquired last year for $28 billion, as it became clear that hybrid work arrangements were here to stay.
5. Written in the stars
Apple event invitation for September. apple September is just around the corner. That means it’s Apple season. The tech giant on Wednesday sent out mundane-themed invitations to a big event on Sept. 7, when it’s expected to unveil the latest iPhones. Investors and consumers will be looking to see if Apple will raise its already premium prices due to supply chain issues and inflation, writes CNBC’s Kif Leswing. Apple could also unveil a new Apple Watch at the event. — CNBC’s Carmen Reinicke, Lauren Thomas, Jordan Novet, Annie Palmer and Kif Leswing contributed to this report. — Join the CNBC Investing Club now to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro.