5 things to know before the stock market opens on Monday, October 14th

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

US stocks are steadily climbing toward new records. of S&P500 and Dow Jones Industrial Average Both hit record highs on Friday. These indexes and Nasdaq Composite It rose more than 1% last week. A series of major earnings results will also help determine whether stocks continue their record-setting gains as investors monitor the U.S. presidential election, the Middle East conflict and Federal Reserve policy. Follow live market updates here.

Big banks will be the centerpiece of a packed week of results. The results will come later JPMorgan Chase & Co. and Wells Fargo & Co. kicked off the earnings season Friday with stronger-than-expected earnings reports, helping set new market records. This week, in addition to financial institutions, major airlines, medical institutions, and media companies are scheduled to announce their results. The main reports are as follows.

boeingis a growing problem. The aircraft maker said Friday it will cut 17,000 jobs, or 10% of its workforce, as it struggles to contain losses and more than a month of machinists’ strike has halted production at aircraft factories. did. Boeing also announced that it will not deliver its 777X widebody aircraft until 2026. The company said it expects to report a loss of $9.97 per share in the third quarter. In a memo to employees, Chief Executive Officer Kelly Ortberg said, “Rebuilding our company requires making difficult decisions and making structural changes to ensure we remain competitive and serve our customers over the long term.” “There is,” he said.

SpaceX reached a major milestone on Sunday as Elon Musk’s company completed the fifth test flight of its Starship rocket. In the first test, the rocket’s more than 20-story-tall booster returned to the launcher’s arm nearly seven minutes after liftoff, marking an important step toward making the rocket system reusable. The Starship rocket entered space as planned, circled halfway around the Earth, returned, and splashed down in the Indian Ocean.

The 2024 election will be a big gamble for the corporate world. Vice President Kamala Harris and former President Donald Trump have taken different positions on issues such as taxes, tariffs, regulation, health care policy, and clean energy, among other issues, leading to November results that will result in vastly different outcomes for major companies. It means there is a possibility. CNBC reporters dug into what Harris and Trump’s policies mean for the industries they cover, including airlines, banks, electric vehicles, restaurants and technology. Learn more about how the election will impact American businesses.

– CNBC’s Yun Li, Leslie Josephs, Michael Sheetz and Hugh Son contributed to this report.