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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.

The Nasdaq and the S&P 500 are on their longest winning streaks in almost two years after finishing higher Tuesday. The Dow, meanwhile, is on its longest positive streak since July. The gains come as Treasury yields ease a bit from recent highs as the Federal Reserve continues to hold pat on rates and recent jobs data indicate some economic softening.

Wall Street sees the partnership as a boon for Microsoft's Office products, as well as its Azure cloud business. Indeed,CEO Satya Nadella this week touted Azure as a way to help developers using OpenAI tech quickly get their products to market. "What is good for OpenAI is good for Azure in our view," UBS analysts said in a note Monday.A for sale sign hangs in front of a home on August 22, 2023 in San Mateo County, California.

 

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