5 things to know before the stock market opens Wednesday

• Floridians and companies alike are scrambling to prepare for Hurricane Milton
• More than a dozen state attorneys general filed lawsuits against TikTok for its effects on young users.
• The Justice Department indicated it is considering breaking up Google after a judge ruled it had a search monopoly.

Here are five key things investors need to know to start the trading day:

Stocks climbed Tuesday as investors look for signs of a so-called soft landing — the Federal Reserve reining in inflation without damaging the economy. The S&P 500 rose nearly 1% for the day, while the Nasdaq Composite climbed about 1.5% and the Dow Jones Industrial Average inched up 0.3%. Since the Fed cut rates by 0.5 percentage points last month, a stronger than expected September jobs report has bolstered hopes that the economy can withstand anti-inflation moves. Market watchers will get some more details on the Fed's thinking through the central bank's latest meeting minutes due out Wednesday. Follow live market updates here.

Strong winds from Hurricane Milton are expected to hit central Florida Wednesday, and companies are preparing for what will likely be devastating damage to the state. Wall Street analysts expect the hurricane to cause damage of $50 billion, with the potential for more than $175 billion in a worst-case scenario. Airlines have already canceled more than 750 flights while cruise lines have shifted routes and theme parks have prepared to close areas at risk. Goldman Sachs projected on Tuesday that the storm could reduce earnings before interest and taxes for Disney's Parks and Experiences segment by about $150 million to $200 million in its current 2025 fiscal first quarter. Floridians have rushed to store necessities as about