5 things to know before the stock market opens on Wednesday January 18

The Goldman Sachs booth is seen at the New York Stock Exchange during the morning trading session on January 17, 2023 in New York City.

Michael M. Santiago | Getty Images

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

1. Goldman weighs in on the Dow Jones

The Nasdaq picked up another win on Tuesday, while the S&P 500 slipped slightly. But it was a particularly difficult day for the Dow as a component Goldman Sachs fell more than 6% after posting its worst shortfall in a decade. Major banks reported mixed results, making it hard to guess what to expect as the earnings season continues. “This is a really pivotal earnings season in terms of whether or not companies can weather the storm and how long they can weather it,” SoFi’s Liz Young said on CNBC’s “Closing Bell: Overtime.” . Investors chew on more data on Wednesday, as the Producer Price Index, a measure of wholesale inflation, comes out. Read live market updates here.

2. Fares, increased demand United

A ground crew member directs a United Airlines plane to a gate in Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, U.S., Thursday, January 28. 12, 2023.

Aristide Economopoulos | Bloomberg | Getty Images

It’s become a common theme for airlines: Airfares are high, but travelers are still paying. United Airlines on Tuesday reported quarterly earnings and revenue that easily exceeded Wall Street expectations, while outperforming its fourth quarter in 2019, just before the pandemic hit travel. Carriers are still struggling with labor shortages and tighter aircraft supplies, not to mention rising fuel and material costs, but people are eager to fly and that has overshadowed everything else. . United see the trend continuing, providing a stronger than expected outlook for the start of 2023.

3. Kegerators for sale

Elon Musk’s Twitter page seen on mobile with his poll to step down as Twitter CEO

jonathan raa | Nurphoto | Getty Images

Cash-strapped Twitter is practically looking to change the couch cushions because it would struggle to pay the rent. Amid reports of significantly lower ad revenue, the social media company is resorting to auctioning items from its San Francisco headquarters. The company sells kegerators, espresso machines, televisions, oversized neon versions of its logo, pizza ovens and more. CEO Elon Musk, who took over Twitter last fall, faced an exodus of advertisers and employees as he allowed banned users back on the platform while seeking dramatic cost cuts.

4. Demand for mortgages is increasing

A ‘For Sale’ sign is displayed in front of a single family home on October 27, 2022 in Hollywood, Florida.

Joe Raedle | Getty Images

Weekly demand for mortgages jumped after a slight drop in rates, showing how sensitive the market is to rate swings. Overall demand rose 28% last week, according to the Mortgage Bankers Association, as the interest rate on the popular 30-year fixed-rate mortgage rose from 6.42% to 6.23%. True, a year ago the rate was 3.64% and there was much higher demand for purchases and refinancing. The new supply isn’t moving in the market either, so affordability will likely remain an issue for homebuyers for the immediate future.

5. Death of the Ukrainian Interior Minister

Interior Minister Denys Monastyrskyi died in a helicopter crash in Ukraine.

Image Alliance | Image Alliance | Getty Images

More than a dozen people died in a helicopter crash on Wednesday near Kyiv, including Ukrainian Interior Minister Denys Monastyrskyi and other senior officials in his department. Several people on the ground and in the helicopter died in the town of Brovary. Three children were reportedly among the dead. The news comes as the war between Ukraine and Russia drags on and Russian President Vladimir Putin looks set to announce a new offensive. Read live war updates here.

– CNBC’s Sarah Min, Leslie Josephs, Jonathan Vanian, Diana Olick and Holly Ellyatt contributed to this report.

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