5 things to know before the stock market opens Tuesday
- U.S. stocks rose Monday after a dismal week to start September.
- Apple unveiled a range of new products, including several iPhone models and a new Watch.
- Starbucks is hoping new CEO Brian Niccol can take on challenges from its mobile app issues to its struggling China business.
Here are the most important news items that investors need to start their trading day:
U.S. stocks on Monday gained back a portion of last week's losses. The S&P 500 rose more than 1%, its first positive day in September. The Nasdaq Composite and Dow Jones Industrial Average both climbed more than 1%, as well. Oracle was among the premarket risers on Tuesday, after the tech company beat quarterly earnings and revenue estimates. Traders will be watching inflation data as they anticipate an interest rate cut at the Federal Reserve's policy meeting next week. The August consumer price index is due Wednesday, while the producer price index is set for Thursday. Follow live market updates.
Apple announced a range of new products Monday, as it tries to boost sales of its all-important iPhone. It unveiled multiple new versions of the device — the iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max. Preorders for the iPhones will start Friday, and the devices will launch Sept. 20. Among other announcements, the company also unveiled the Apple Watch Series 10 and the AirPods 4. Here's more about the features to expect in the new products. It wasn't all good news for Apple this week: the European Union's top court ruled the company has to pay up to $13 billion in back taxes in Ireland.
Brian Niccol has major challenges to overcome as he takes the top job at Starbucks. The former Chipotle CEO started the same role at the coffee giant on Monday.