5 things to know before the stock market opens Tuesday, October 18

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

Stocks had a great day to start the week. The Dow surged his 550 points and the S&P 500 rose more than his 2.6%. But Monday was especially kind for the Nasdaq, which rose his 3.4% to a new high since the end of July. But can this last? Futures on Tuesday morning indicated further gains were possible. So far, companies have reported decent earnings, and after disrupting markets with an economic plan that comes with tax cuts, the UK government reversed course (even if the prime minister was overheated). But as long as inflation stays high and the Fed persists in raising rates to keep prices down, nothing will come easy. “I think this is going to be one of those bear market rallyes that people get their heads around,” Guy Adami, adviser advocacy director at Private Advisor Group, told CNBC’s “Fast Money.” Told.Follow live market updates here.

microsoft dismissed more employees The company confirmed to CNBC on Monday that it is facing slowing revenue growth, especially as the PC market cools. A Microsoft spokesperson said, “Like all companies, we regularly assess our business priorities and make structural adjustments accordingly. The number of layoffs is unknown, but moves are coming.” three months later Microsoft has cut less than 1% of its workforce, up from just over 181,000 as of summer 2021. Axiosciting an unnamed source, had reported earlier Monday that a new round of cuts affected fewer than 1,000 workers.

Ukraine has reported more explosions in cities as Russia threatens deadly airstrikes on city centers. The Ukrainian government sought more air defense support from its Western allies as it worked to fix infrastructure problems caused by the Russian attack. “Ukraine is under attack from the occupiers, who continue to do their best to terrorize and kill civilians,” President Volodymir Zelensky said. Elsewhere, Danish official The explosion was responsible for a massive gas leak suffered by the Nordstream pipeline in late September.read live updates here.

Investors have some big questions netflix When the streaming giant reported third-quarter earnings after the market closed on Tuesday. For one, are there any more details about the new ad-supported tier? A cheaper version of the service is launching in a few big markets, including the US, in just a few weeks, and Wall Street says Netflix has locked it in. I’m interested to see if you can provide financial guidance. Another question: Was subscriber growth as strong as the company expected in the third quarter? last earnings reportNetflix said it would add 1 million subscribers during the third quarter. So what does the company do? According to a new article, From The Wall Street JournalNetflix is ​​trying to figure out how to do that while adjusting its business model.

It’s getting colder and colder, and the holiday season will soon be in full swing. This means more parties and dinners. It also means more people will catch illnesses like the flu, colds and Covid. Older people remain at the highest risk of hospitalization and death from Covid, even as vaccines and treatments become more powerful and widespread, so her Covid rep at the White House urged older people to I’m urging you to get a booster. “If you are over 50, over 65, you should get these vaccines because they can literally save your life.” Dr. Ashish Jha said on Monday“It’s the difference between life and death.”In fact, earlier this month, Jha said about 70% of people dying from Covid are over the age of 75 these days. More than 300 people die every day in the United States from this disease.

– CNBC’s Carmen Reinicke, Jordan Novet, Sam Meredith, and Spencer Kimball contributed to this report.

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