5 things to know before the stock market opens Wednesday

This post contains sponsored advertising content. This content is for informational purposes and not intended to be investing advice.

We start the week with investors expressing caution. The NQ is down 10% from the all-time high in November at 16,767, and the Nasdaq is officially in correction territory. The S&P 500 last week had its worst week since March 2020 as rates on the rise and inflation have made investors nervous about what's going to come, and 50Bitcoin is back below 35 K. It looks like the Fed will have to act more aggressively to slow down the economy, pull back the stimulus and combat inflation. It's weighing heavily on tech shares and risk sentiment in general. In the past few weeks, earnings and economic data have helped investors shrug off the unknowns. It will be important to see if that is the case again this week.

It's a busy week for companies reporting quarterly results, including IBM, Halliburton, Phillips, Microsoft, GE, J&J, Tesla, AMD, Boeing, Apple, and Caterpillar.

There are some economic data that could move markets. Stay tuned in on the housing numbers New Home Sales and the FHFA House Price Index Durable Goods Orders, GDP and weekly Jobless Claims throughout the week, and Personal Income Spending and Consumer Sentiment will cap things off Friday.

We have the FOMC meeting this week, and that is not least by any means. Wednesday investors will look to Fed chair Jerome Powell to get more insight as to when the first rate hike will occur and how fast they plan to reduce the balance sheet.

This post contains sponsored advertising content. The content is for informational purposes and is not intended to be investing advice.