5 things to know before the stock market opens Thursday, October 27

Traders work on the floor of the New York Stock Exchange.

NYSE

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

1. Weathering a busy week

Markets don’t look much clearer now that we’re over the hump in a busy earnings week. The three major indices had a mixed Wednesday. The Dow posted a fourth-consecutive winning session, just barely, while the Nasdaq and S&P 500 snapped their three-day winning streaks. Thursday morning futures didn’t look so clear-cut, either. Investors are largely chewing over outlooks from several Big Tech earnings that have already reported this week, including Microsoft, Alphabet and Meta (more on that one below). Two more biggies are coming Thursday, too, as Apple and Amazon are set to report after the bell. There’s another Fed meeting next week, as well, which means another big rate hike is on the way (see below). Read live market updates here.

2. If a stock falls in the metaverse…

Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, US, on Thursday, Oct. 6, 2016.

David Paul Morris | Bloomberg | Getty Images

3. Missiles hit Kyiv

This photograph shows The Independence Square in Kyiv during a rolling blackout of parts of districts of the Ukrainian capital following rocket attacks last two weeks to critical infrastructures, on October 24, 2022, amid the Russian invasion of Ukraine.

Sergey Supinsky | AFP | Getty Images

4. Powell under pressure

US Federal Reserve Board Chairman Jerome Powell departs after holding a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.

Kevin Lamarque | Reuters

5. Sink or swim time

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022.

Dado Ruvic | Reuters

Elon Musk on Wednesday showed up at Twitter headquarters with a sink in his hands, pretty much just so he could make a “let that sink in” pun on, you guessed it, Twitter. All signs are pointing toward the billionaire Tesla CEO closing his $44 billion deal to take the social media company private just in time for Friday’s court-appointed deadline. Musk’s takeover will conclude a monthslong saga that included him striking the deal for $54.20 a share, walking away from it and Twitter suing him to finish the deal. Now the question becomes, what will Musk actually do with Twitter? We’ll just have to see what the self-described “Chief Twit” has in store.

– CNBC’s Samantha Subin, Jonathan Vanian, Natasha Turak, Jeff Cox and Lauren Feiner contributed to this report.

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