Tuesday, December 17, 5 things to know before the stock market opens

Here are five key things investors should know to start their trading day:

Monday was tech on Wall Street. The Nasdaq Composite It rose 1.24%, led by tech stocks the appleGoogle parent the alphabetelectric car manufacturer Tesla and AI-chipmaker Broadcomthe technology and discretionary consumer sectors, on the other hand S&P 500 also closed in the records. The S&P 500 gained 0.38%, but 30 stocks Dow Jones Industrial Average It sank 0.25%. It was the Dow’s eighth straight day of losses, marking its longest losing streak since 2018. live market updates.

What goes up must come down. While the Nasdaq Composite hit another record high, Nvidia he entered correctional territory Ending the day on Monday, it was about 11% off last month’s closing high of $148.88. The chipmaker, which has become an AI-related trading favorite, is up 166% this year. Stocks fell again premarket trading. The chip maker Broadcommeanwhile, hit a new high on MondayIt gained about 11% and gained a market cap of more than $1 trillion during Wall Street’s rally. Keith Lerner, Truist’s chief investment officer, said the market is realizing there are other AI beneficiaries besides Nvidia.

Walmart he is giving some of his store employee body camerasCNBC’s Gabrielle Fonrouge reported. It’s unclear how many locations use recording devices, but some stores have signs in front of entrances warning customers that they “use body-worn cameras.” The nation’s largest nonprofit employer appears to be using technology to defuse tense situations with customers, according to training materials provided to employees. Read more about the body camera effort here.

The Fed is likely to cut rates, though some worry that it might not be the right moveaccording to CNBC Fed Survey for december 93% of respondents said they see a quarter-point cut, but only 63% think that’s what the Federal Reserve should do. Those polled also expect a reduction of just two quarter points, down from three in the last survey. That forecast would drop the funds rate to 3.8% by December 2025 and to 3.4%, or above the neutral rate average, by the end of 2026. Read more inflation and unemployment expectations here.

TikTok has it He was asked by the Supreme Court to block a law this can effectively ban the popular social media app. The company wants the high court to hear its appeal before the law takes effect on January 19. The legislation would require, or force, TikTok’s Chinese owner ByteDance to sell the app by that date. google and the apple To stop supporting US platforms. Meanwhile, President-elect Donald Trump told reporters on Monday that he would “take a look at TikTok” when asked about a potential ban, saying he has a soft spot for TikTok in his heart.

– CNBC’s Brian Evans, Samantha Subin, Ari Levy, Gabrielle Fonrouge, Steve Liesman and Dan Mangan contributed to this report.