5 things to know before the stock market opens Wednesday – CNBC

5 things to know before the stock market opens Wednesday - CNBC

A man walks past the Nasdaq MarketSite in New York on January 28, 2022.

Michael Nagel | Bloomberg | Getty Images

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

1. A battered Nasdaq

2. How much worse can it get for Tesla?

Tesla CEO Elon Musk

James Glover II | Reuters

3. US considers China Covid restrictions

People wait outside a fever clinic at Tongren Hospital in Shanghai on December 23, 2022, amid a local outbreak of Covid-19 infections.

Hector Retamal | Afp | Getty Images

As China opens its economy and borders after nearly three years of draconian “zero Covid” policy, other countries are doing the same thinking about new rules for travelers from China. US officials are weighing new limits as they pressure China for more data on the virus. “Without this data, it is becoming increasingly difficult for public health officials to ensure they can identify potential new variants and quickly take action to reduce the spread,” officials said. With the number of infections exploding in China, Japan said it would begin requiring negative tests for travelers from mainland China by the end of this week. Taiwan will introduce similar requirements.

4. Pandemic immigration rule remains in effect

Mexican truck drivers block the Pharr-Reynosa International Bridge connecting the city of Reynosa to McAllen, Texas, to protest truck inspections imposed by Texas Governor Greg Abbott in Reynosa, Mexico on April 11, 2022.

Stringer | Reuters

5. Russia steps up attacks

Cars burn in a street after a Russian military strike, during the Russian attack on Ukraine, in Kherson, Ukraine on December 24, 2022.

Ukrainian Presidential Press Service | through Reuters

The Russian army intensified attacks on Kherson in southern Ukraine on Wednesday, storming the recently liberated city with artillery and mortar shells, the Ukrainian army said. according to Reuters. Moscow’s troops also stepped up pressure on the Ukrainian army along the front lines in eastern Ukraine. The war is entering its eleventh month and there are no signs of it ending. Ukrainian President Volodymyr Zelensky has drawn up a 10-point peace plan that will see Russian troops withdraw completely, but the Kremlin has rejected it.

Read more: BlackRock CEO Fink Zelenskyy agrees to coordinate investment in Ukraine

– CNBC’s Alex Harring, Rohan Goswami, Jihye Lee and Spencer Kimball contributed to this report.

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