5 issues to know earlier than the inventory market opens Tuesday, February 13

5 issues to know earlier than the inventory market opens Tuesday, February 13

Listed below are an important information objects that traders want to start out their buying and selling day:

1. Damaged report

Perhaps you’ve got heard this one earlier than in 2024: The Dow Jones Industrial Common closed at a brand new report excessive on Monday. The 30-stock Dow ended the day up 125.69 factors, or 0.33%, to hit 38,797.38. The Nasdaq Composite and the S&P 500 each fell barely, at 0.3% and 0.09%, respectively. Wanting forward, traders (and the Federal Reserve) can be watching Tuesday for the January client worth index report, which is able to give the newest indication into how inflation is affecting the economic system. Comply with dwell market updates right here.

2. Taking off

An Airbus A320 passenger plane of JetBlue airways arrives from Tampa at JFK Worldwide Airport in New York because the Manhattan skyline looms within the background on February 7, 2024. 

Charly Triballeau | Afp | Getty Photographs

Shares of JetBlue spiked 15% in prolonged buying and selling Tuesday morning after activist investor Carl Icahn reported he was taking a virtually 10% stake within the firm. Icahn, who collected the place over January and February, stated the airline’s inventory is undervalued. Over the previous 12 months, JetBlue’s inventory has fallen greater than 27%. It is not Icahn’s first enterprise into the airline business. He famously took TWA non-public within the late Nineteen Eighties, however that airline struggled and ultimately filed for chapter. The information dropped the identical day that JetBlue’s new CEO, Joanna Geraghty, took the helm, and likewise comes because the provider is going through points with earnings, price management and reliability.

3. Fats Tuesday

An individual walks out of a Tim Hortons retailer on Yonge St. in Toronto.

Lance Mcmillan | Toronto Star | Getty Photographs

Tuesday morning introduced a recent slate of earnings from meals and beverage firms. Coca-Cola‘s gross sales topped Wall Road’s estimates, pulling in income of $10.85 billion versus the $10.68 billion analysts surveyed by LSEG had anticipated. The drink large stated increased costs helped offset a quantity decline in North America. Restaurant Manufacturers Worldwide, which operates eating places together with Tim Hortons and Burger King, additionally beat top- and bottom-line estimates. Espresso chain Tim Hortons was a brilliant spot for the corporate, as its same-store gross sales elevated 8.4% throughout the quarter, topping StreetAccount estimates of 4.7%.

4. Buoyant bitcoin

Bitcoin retains climbing. The flagship cryptocurrency topped $50,000 on Monday and at one level hit its highest stage since December 2021. It is being helped by quite a lot of elements, specialists say, together with the upward pattern on the inventory market, in addition to extra enjoyable of financial coverage in China. ″$50,000 is a major milestone for bitcoin after the launch of spot ETFs final month not solely did not elicit a transfer above this key psychological stage however led to a selloff and a few deep soul looking out about these new bitcoin merchandise,” stated Antoni Trenchev, co-founder of crypto companies agency Nexo.

5. Most of all time

Patrick Mahomes #15 of the Kansas Metropolis Chiefs holds the Lombardi Trophy after defeating the San Francisco 49ers 25-22 in time beyond regulation throughout Tremendous Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. 

Steph Chambers | Getty Photographs Sport | Getty Photographs

Tremendous Bowl 58 was the most-watched tv present ever. An estimated 123.4 million individuals tuned in to observe the sport, which went into time beyond regulation for under the second time in NFL historical past. CBS Sports activities stated that quantity included viewers on all platforms and was up 7% from final yr’s 115.1 million common viewers, which set the earlier report. CBS additionally stated it was essentially the most streamed Tremendous Bowl in historical past as individuals tuned in to Paramount+ to observe the Kansas Metropolis Chiefs beat the San Francisco 49ers.

— CNBC’s Lisa Kailai Han, Brian Evans, Sara Salinas, Amelia Lucas, Tanaya Macheel, Sarah Whitten and Christine Wang contributed to this report.

Comply with broader market motion like a professional on CNBC Professional.

Unique information supply Credit score: www.cnbc.com

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