5 things to know before the stock market opens Thursday

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

is also examining possible layoffs. "Most of the banks are budgeting for declines in revenue next year," a person involved with providing data and analytics to the banking industry told CNBC.Damaged parts of Velyka Oleksandrivka town, in the Kherson region, on Oct. 24, 2022.Russian forces are withdrawing from Kherson, in the southern part of Ukraine. It's the latest embarrassing defeat for Vladimir Putin and his invasion of Russia's former Soviet neighbor.

– CNBC's Alex Harring, MacKenzie Sigalos, Kate Rooney, Hugh Son, Holly Ellyatt and Robert Frank contributed to this report.

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