Home Business 5 things to know before the stock market opens Monday, January 23

5 things to know before the stock market opens Monday, January 23

by TopBusinessView

Traders work on the floor of the New York Stock Exchange. 


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

1. Hanging on

2. Big earnings week

A person walks past Microsoft signage at the headquarters in Redmond, Washington, January 18, 2023.

Matt Mills Mcknight | Reuters

Earnings season gains serious momentum this week, with several big companies gearing up to report quarterly results. Tech, telecom, aerospace and airlines will be in focus, especially as investors seek clues about what companies are expecting this year. Here’s when some of the major names set to report:

3. DOJ probes Abbott

The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022.

Jeff Kowalsky | AFP | Getty Images

Abbott Laboratories, which was at the center of the baby formula shortage last year, confirmed to NBC News that it was being investigated by the Justice Department. The company did not reveal the subject of the investigation. However, The Wall Street Journal reported that federal investigators were probing what happened in early 2022 at Abbott’s baby formula plant in Sturgis, Michigan. The company shut down production at the factory Feb. 17, 2022, after babies who consumed formula made at the plant were sickened.

4. The $2 billion man

Director James Cameron attends the “Avatar: The Way of Water” world premiere at the Odeon Luxe Leicester Square on December 06, 2022 in London, England. (Photo by Joe Maher/Getty Images)

Joe Maher | Getty Images Entertainment | Getty Images

The self-proclaimed “king of the world” has once again proved he knows how to make movies for the masses. James Cameron’s “Avatar: The Way of Water” has grossed more than $2 billion at the global box office for Disney, even as one of its most crucial markets, China, struggles with surging Covid cases. While the long-awaited sequel to Cameron’s 2009 original started off softer-than-expected in its North American opening weekend, the three-hour sci fi action movie continued to build momentum at the box office during the holidays and beyond, as it faced little competition for theatergoers’ dollars. Cameron is now responsible for three of the six movies to have garnered more than $2 billion: “Avatar,” “Avatar: The Way of Water” and “Titanic.”

5. Tank decision looms large

Olga Tomah, 70, reacts in front of a residential building where her flat burns after Russian shelling in the Ukrainian town of Bakhmut, Donetsk region, on January 20, 2023.

Anatolii Stepanov | AFP | Getty Images

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