5 things to know before the stock market opens on Tuesday, July 9

Listed here are 5 key issues traders must know when beginning their buying and selling day:

this S&P 500 Index and Nasdaq Index Monday’s closing value hit a brand new excessive. The broader market index closed up 0.1% at 5,572.85 factors, and the technology-heavy Nasdaq index rose 0.28% to shut at 18,403.74 factors. That marked the fourth optimistic week for the S&P prior to now 5 weeks and comes forward of key inflation information due later this week that might reveal extra clues in regards to the state of the economic system and potential price cuts from the Federal Reserve. In contrast to the S&P and Nasdaq, Dow Jones Industrial Average It fell 0.08% to shut at 39,344.79 factors. observe Live market updates.

The shopper is still feel pain Whilst inflation cools, costs will rise. In some locations, they expressed their dissatisfaction. Wendy’s The corporate’s change of tune got here after its chief government mentioned it’d begin utilizing dynamic pricing, the act of elevating or reducing costs primarily based on demand. exist Walmart, TikTok customers criticized the corporate for launching digital shelf labels, which permit it to lift and decrease costs. and Chipotle At some places, clients movie employees to forestall them from serving lower-than-expected parts in taco bowls. However as individuals rein in spending, resulting in a drop in gross sales, some companies try to take a extra proactive strategy, e.g. Target, McDonald’sAldi, and so forth. Price cuts and new offers to draw clients.

Hollywood movie show house owners are sounding the alarm. on Sunday, Paramount sign The merger with Skydance has theater operators apprehensive the deal will brings too much integration and worsen manufacturing issues. It is unsure how the merger will affect future productions, on condition that Paramount and Skydance produce other manufacturing companions. What’s extra, each studios have simply three films on the way in which in 2024. Whereas field workplace analysts count on the variety of films to extend over the following two years, it is unclear whether or not manufacturing will return to pre-pandemic ranges.

It appears that evidently synthetic intelligence can’t remedy all issues. Whereas the expertise has helped increase San Francisco actual property, the town’s workplace emptiness price is declining. still soaring. Town’s workplace emptiness price hit a brand new report of 34.5% within the second quarter, in line with business actual property agency Cushman & Wakefield. This is a rise from 33.9% within the first quarter, 28.1% in the identical interval final 12 months, and 5% earlier than the epidemic. On prime of that, common asking rents fell to $68.27 per sq. foot within the second quarter, the bottom degree since late 2015. In the meantime, AI corporations have leased or subleased tons of of 1000’s of workplace areas within the metropolis.

Conversations round The future of streaming This week takes heart stage in Solar Valley. Allen & Co.’s annual convention, sometimes called “Billionaire Summer time Camp,” kicks off Tuesday at a ski lodge in Idaho, the place media and tech giants will collect to debate the way forward for their corporations. apple CEOs Tim Prepare dinner and David Zaslav Warner Bros. Discovery and Netflix Co-CEOs Ted Sarandos and Greg Peters are amongst them It is said are on the visitor checklist, however it’s unclear if they may attend. subsequent to the closest Paramount merger dealstreaming alliances could also be on the forefront, and a few media corporations could also be inclined to look to bundle companies collectively.

— CNBC’s Brian Evans, Pia Singh, Melissa Repko, Amelia Lucas, Sarah Whitten, Ari Levy, Jordan Novet and Lillian Rizzo contributed to this report.

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