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.

Israel prepares to invade the Gaza Strip.Birkenstock shares are set to begin trading.Stock markets rallied again – make that three days in a row – even as global concerns grew over the escalating war between Israel and militant group Hamas . Bonds didn't trade Monday due to the holiday, so Tuesday was the first taste markets had of how yields would react to the latest geopolitical strife – and they fell, helping to give equities a lift. Earnings season is getting under way, as well.

Israeli troops are gathering at the border with the Gaza Strip, a government official said, as the nation's military prepares for a potential invasion of the Palestinian territory."And that is to make sure that Hamas, at the end of this war, won't have military capabilities by which they can threaten or kill Israeli civilians. That is our military aim," said an Israeli Defense Forces spokesman.

Who will succeed Rep. Kevin McCarthy, R-Calif., as speaker of the House, after he became the first person in American history to be booted from the office? It's not even clear to Republicans, whoWednesday morning. Two firmly conservative candidates, Steve Scalise of Louisiana and Jim Jordan of Ohio, are vying for the position.

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