5 things to know before the stock market opens Tuesday, March 22nd

Here are the top news, trends and analysis that investors need to start their trading day:

1. Wall Street looks higher after breaking multi-day winning streak

Traders on the floor of the New York Stock Exchange, March 18, 2022.

Source: NYSE

2. Ukraine regains Kyiv suburb. Biden says Putin ‘against the wall’

Members of the Ukrainian Armed Forces appear above a tank at their positions outside the Makarev settlement, amid the Russian invasion of Ukraine, near Zhytomyr, Ukraine on March 4, 2022.

Maxim Levin | Reuters

Ukrainian forces said early on Tuesday it They took back a suburb of strategic importance Kyiv. However, Russia continued to press on other areas near the capital and its attack on the besieged southern port of Mariupol relentlessly raged.

3. Dow Stocks: Nike Earnings, Boeing Crash Investigation, Disney Strikes

daw arrow nike It rose nearly 5% on Tuesday, in the morning after reporting fiscal third-quarter earnings and revenue that skip grades. Nike cited strong demand in North America but chose not to provide forward guidance on the back of inflation uncertainty, the Ukraine-Russia war and clogged supply chains.

Boeing CEO Dave Calhoun He told the staff The aircraft manufacturer has offered the full support of its technical experts in the investigation of the crash of the China Eastern Airlines 737-800 with 132 people on board. The plane crashed in a mountainous area in southern China early Monday morning. Boeing’s stock, Dow, advanced modestly in premarket trading, one day after falling 3.6%.

daw arrow Disney It fell more than 6% in a month, and settled in the market a week before the planned employee strikes, starting Tuesday, in protest against CEO Bob Chapek. delayed conviction of the so-called “Don’t Say Gay” bill in Florida. Chapek said Monday that the company made a mistake by previously remaining silent about legislation in the state, home of Disney World.

4. Alibaba boosted its stock buyback program to $25 billion

The Alibaba Group logo appears at the Alibaba Shishi Campus on August 8, 2021 in Hangzhou, Zhejiang Province, China.

Shen Longquan | China Optical Group | Getty Images

Ali Baba Shares jumped more than 9% in pre-market trading Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program by 66% to $25 billion. Alibaba has repurchased about 56.2 million US deposit receipts, worth about $9.2 billion, under its previously announced buyback program. ADRs are shares listed in the United States, and act as agents for foreign companies. Alibaba is looking to boost investor confidence as its stock has lost about two-thirds of its value since hitting an all-time high in October 2020.

5. Elon Musk Opens Long-awaited New Tesla Factory in Berlin

BERLIN, GERMANY – SEPTEMBER 02: Tesla President Elon Musk arrives at the retreat of the CDU/CSU Bundestag faction on September 02, 2020 in Berlin, Germany. Musk is currently in Germany where he met yesterday with vaccine manufacturer CureVac, with which Tesla has teamed up to build devices to produce RNA vaccines. Today it is also rumored that a new Gigafactory site is under construction near Berlin.

Maja Hajjaj | Getty Images News | Getty Images

Tesla Executive Director Elon Musk Tuesday is set to open The electric carmaker’s first manufacturing facility in Europe, it cuts the tape at the Berlin plant. Tesla sees the plant producing up to 500,000 cars a year. The long delay in licensing the facility meant that Tesla had to service earlier European orders from its Shanghai factory, increasing logistical costs. Select customers on Tuesday He will get a model Ys Made in Berlin. Musk said new orders from the factory may be delivered as soon as next month.

– CNBC Reports Arjun KharbalAnd the Sam Shedd And the Lauren Thomas The Associated Press and Reuters also contributed to this report.

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