5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day:
1. Gains, gains, gains
2. Ceasefire
Supporters of Israeli hostages, who were kidnapped during the deadly October 7 2023 attack by Hamas, react to news on the Gaza ceasefire negotiations, during a protest to demand a deal to bring every hostage home, in Tel Aviv, Israel, January 15, 2025.
Ronen Zvulun | Reuters
Israel and Hamas agreed to a ceasefire and hostage release deal on Wednesday that would end the 15-month war in the Gaza Strip. President Joe Biden said the deal could take effect as early as Sunday, and that it would be implemented in three phases — the first of which would include a full ceasefire and the withdrawal of Israeli troops from populated areas in Gaza. But Israel has delayed its cabinet vote to approve the deal, accusing Hamas of reneging and creating a “last-minute crisis,” according to NBC News.
3. Holiday highs
An empty shopping cart sits in a aisle at a Target store in Chicago on November 26, 2024, ahead of the Black Friday shopping day.
Kamil Krzaczynski | Afp | Getty Images
Target is the latest retailer to raise its fourth-quarter outlook, saying on Thursday that it expects comparable sales in the fiscal quarter to grow by about 1.5% after previously estimating that the metric would be approximately flat. The report is another sign that retailers had a better-than-expected holiday season, but investors so far haven’t been impressed. Target did not lift its profit outlook, indicating that deals on Black Friday and Cyber Monday motivated shoppers.
3. Clock’s ticking
(L-R) Sarah Baus of Charleston, S.C., holds a sign that reads “Keep TikTok” as she and other content creators Sallye Miley of Jackson, Mississippi, and Callie Goodwin of Columbia, S.C., stand outside the U.S. Supreme Court Building as the court hears oral arguments on whether to overturn or delay a law that could lead to a ban of TikTok in the U.S., on January 10, 2025 in Washington, DC.
Andrew Harnik | Getty Images
5. Senate showdown
U.S. President-elect Donald Trump’s nominee to be Treasury Secretary Scott Bessent arrives for a meeting with Sen. Mike Crapo (R-ID) in the Dirksen Senate Office Building on December 10, 2024 in Washington, DC.
Kevin Dietsch | Getty Images
Up next on Capitol Hill: Scott Bessent. President-elect Donald Trump‘s pick to lead the Treasury Department will face the Senate Finance Committee on Thursday, continuing a busy week of confirmation hearings for the soon-to-be-president’s nominees. Trump’s picks for secretaries of State, Energy and Transportation testified on Wednesday, along with the nominees for attorney general, CIA director and White House Office of Management and Budget director.
— CNBC’s Hakyung Kim, Lisa Kailai Han, Sara Min, Natasha Turak, Christina Wilkie, Ruxandra Iordache, Melissa Repko, Jonathan Vanian, CJ Haddad, Dan Mangan, Kevin Breuninger, Spencer Kimball, Leslie Josephs, Ece Yildirim and NBC News contributed to this report.
This article was originally published by a www.cnbc.com . Read the Original article here. .