5 things to know before the stock market opens Wednesday

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

1. Tripped up

The market is in a transitional period. The Fed pushed through its latest rate hike, while indicating that it may pull back from its hawkish tightening regime. Turmoil in the banking sector has eased, for now, it appears. And the next earnings season doesn't kick off for another few weeks. This in-between vibe is evident in stocks' performance of late. The Dow and the S&P 500 stumbled a bit Tuesday after a recent string of gains, while the Nasdaq slipped for the second straight day.

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