5 things to know before the stock market opens Friday, November 11

Hanah Lopes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2022. 

Brendan Mcdermid | Reuters

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

1. Stock blowout

What a huge day for stocks. All three major U.S. indices on Thursday posted their best day since 2020 after new inflation data came in cooler than expected, giving investors hope that the Fed may throttle back its rate increases sooner than later (more on that below). The Dow surged more than 1,200 points, the S&P jumped 5.5%, and the Nasdaq rose a whopping 7.4%. We’re not halfway through November yet, but the averages are on pace for a winning month. Some potentially positive news out of China (more on that below) is giving stocks some juice Friday morning, too. Read live market updates here.

2. Fed officials weigh in

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015.

Lucas Jackson | Reuters

3. China eases Covid limits

China’s Covid outbreak is at its worst in about half a year. Residents of Hohhot, Inner Mongolia, are pictured here lining up for regular virus testing in their community on Nov. 10, 2022.

Future Publishing | Future Publishing | Getty Images

4. Capital market comeback

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.

Adam Galacia | CNBC

5. How big will ‘Wakanda Forever’ be?

Letitia Wright stars as Shuri in Marvel Studio’s “Black Panther: Wakanda Forever.”

Disney

https://www.cnbc.com/2022/11/11/5-things-to-know-before-the-stock-market-opens-friday-november-11.html

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