5 things to know before the stock market opens Friday
CNBC • • general
Key Points:
- Wall Street experienced a pullback with technology and private credit stocks declining amid concerns over U.S.-Iran tensions and rising oil prices; however, the Nasdaq Composite is poised to end its longest losing streak since 2022.
- Key economic reports, including December's personal consumption expenditures price index, GDP, consumer spending, and income data, are due this morning, alongside a potential Supreme Court ruling on the legality of many of Trump's tariffs that could impact consumers and companies.
- Amazon surpassed Walmart in annual revenue for the first time, reporting $716.9 billion compared to Walmart's $713.2 billion, while Bath & Body Works launched an authorized storefront on Amazon to expand its retail presence.
- In Silicon Valley's Santa Clara County
