{"id":462611,"date":"2026-05-27T13:18:14","date_gmt":"2026-05-27T13:18:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/462611\/"},"modified":"2026-05-27T13:18:14","modified_gmt":"2026-05-27T13:18:14","slug":"5-things-to-know-before-the-market-opens-wednesday-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/462611\/","title":{"rendered":"5 things to know before the market opens Wednesday"},"content":{"rendered":"

This is CNBC’s Morning Squawk newsletter.\u00a0Subscribe here<\/a>\u00a0to receive future editions in your inbox.<\/p>\n

Happy Wednesday. There was a notable birthday on Wall Street yesterday: The Dow Jones Industrial Average<\/a> turned 130 years old.<\/p>\n

Stock futures<\/a> are higher before the bell. The Dow rung in its special day with a pullback in Tuesday’s session<\/a>.<\/p>\n

Here are five key things investors need to know to start the trading day:<\/p>\n

1. Micro influencer<\/p>\n

The Micron Technology offices in San Jose, California, Dec. 16, 2025.<\/p>\n

David Paul Morris | Bloomberg | Getty Images<\/p>\n

The S&P 500<\/a> and Nasdaq Composite<\/a> soared to new records yesterday, both notching their longest win streaks in more than a month. Investors can thank Micron’s<\/a> record-setting rally, which helped ignite a broader advance in technology stocks. <\/p>\n

Here’s what to know:<\/p>\n

2. Election season<\/p>\n

A driver refuels a vehicle with regular gasoline at a Shell gas station in Albany, California, US, on Thursday, May 21, 2026. <\/p>\n

David Paul Morris | Bloomberg | Getty Images<\/p>\n

Ken Paxton beat incumbent Sen. John Cornyn<\/a> in the Texas Republican Senate primary last night, becoming the GOP’s nominee for the 2026 midterm election. Paxton \u2014 the state’s attorney general who last week won President Donald Trump’s endorsement \u2014 will face Democratic state legislator\u00a0James Talarico in what’s expected to be one of the most expensive elections in the U.S.<\/p>\n

As CNBC’s Garrett Downs notes, Republicans are staring down rising inflation<\/a>, surging gas prices and persistent affordability concerns as they look to November. While the party has long blamed former President Joe Biden for high prices, its members now have to contend with surging energy costs under Trump.<\/p>\n

3. Home turf<\/p>\n

The White House in Washington, DC, US, on Saturday, Jan. 3, 2026. <\/p>\n

Aaron Schwartz | Bloomberg | Getty Images<\/p>\n

Trump will meet with his Cabinet<\/a> today at the White House, the president said yesterday. The meeting was previously set to take place at Camp David, but Trump said “bad weather conditions” caused the change of location.<\/p>\n

The gathering follows U.S. “self-defense” strikes on Iran, which cast doubt on the potential for a peace deal between the two countries. Iran promised to retaliate<\/a>, sending Brent<\/a> oil prices up more than 3% in yesterday’s session.<\/p>\n

Piper Sandler said in a note yesterday that it expects the Strait of Hormuz to remain closed for months and that crude prices will surge to new highs this summer<\/a>. <\/p>\n

Get Morning Squawk directly in your inbox4. Dragging feet<\/p>\n

A person walks past a Foot Locker store on May 15, 2025 in Miami, Florida. <\/p>\n

Joe Raedle | Getty Images<\/p>\n

Shares of Dick’s Sporting Goods<\/a> are lower in premarket trading after the retailer posted an earnings miss<\/a> for the first quarter. Expenses tied to Foot Locker’s turnaround weighed on the company’s bottom line.<\/p>\n

Foot Locker, which Dick’s acquired last year, reported positive comparable sales growth for the first time since the end of fiscal 2024. But that growth has come with a hefty price tag: In the three months ending on May 2, Dick’s logged $96.5 million in charges related to the acquisition, including severance and store closings.<\/p>\n

Dick’s reported earnings of $2.90 per share, slightly under Wall Street’s expectation of $2.92 per share, but beat expectations on revenue. <\/p>\n

5. DealX<\/p>\n

SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. <\/p>\n

Ethan Swope | Bloomberg | Getty Images<\/p>\n

An IPO may not be the only thing on the horizon for SpaceX. Sources told CNBC that CEO Elon Musk has talked with colleagues about the possibility of merging<\/a> the rocket company with his electric vehicle maker Tesla<\/a>.<\/p>\n

As CNBC’s Seema Mody and Lora Kolodny report, the two companies currently share engineers and work together on challenges tied to power and compute limits. One Tesla employee said the EV maker’s workers have expected and even openly discussed the potential for a merger with SpaceX, which in February acquired Musk’s xAI.<\/p>\n

Speaking of SpaceX: American Airlines<\/a> announced yesterday that it will use the company’s Starlink for in-flight internet<\/a> on more than 500 planes. American isn’t alone: SpaceX also has contracts with United Airlines<\/a> and Southwest Airlines<\/a>.<\/p>\n

The Daily Dividend<\/p>\n

Pope Leo’s call for AI regulation has created a schism<\/a> within the White House. Here’s what the pope said about the technology:<\/p>\n

The pursuit of greater profits cannot justify choices that systematically sacrifice jobs, because the human person is an end, not a means, and the economic order must remain subordinate to human dignity and the common good.<\/p>\n

\u2014 CNBC’s Sean Conlon, Samantha Subin, Lee Ying Shan, Michael Wayland, Sam Meredith, Garrett Downs, Kevin Breuninger, Spencer Kimball, Deena Zaidi, Gabrielle Fonrouge, Lora Kolodny, Seema Mody and Leslie Josephs contributed to this report.<\/p>\n

CJ Haddad assisted in the production of this newsletter. Josephine Rozzelle edited this edition.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"This is CNBC’s Morning Squawk newsletter.\u00a0Subscribe here\u00a0to receive future editions in your inbox. Happy Wednesday. There was a…\n","protected":false},"author":2,"featured_media":462612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[151246,62069,10483,114,357,83012,54,1012,184,40476,30937,85,942,46,7416,19747,190,215374,10388,1008,14655,214697,3310,47869,82463,215373,12108,7149,12520,5727,52061,7151,1032],"class_list":["post-462611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-lco26n","tag-american-airlines-group-inc","tag-autozone-inc","tag-business","tag-business-news","tag-dicks-sporting-goods-inc","tag-donald-trump","tag-dow-jones-industrial-average","tag-economy","tag-ferrari-nv","tag-ice-brent-crude-oct25","tag-il","tag-investment-strategy","tag-israel","tag-joe-biden","tag-leo","tag-markets","tag-michael-khouw","tag-micron-technology-inc","tag-nasdaq-composite","tag-pope-leo-xiv","tag-roundhill-memory-etf","tag-sp-500-index","tag-sam-meredith","tag-sean-conlon","tag-seema-mody","tag-sk-hynix-inc","tag-southwest-airlines-co","tag-tesla-inc","tag-texas","tag-ubs-group-ag","tag-united-airlines-holdings-inc","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/462611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=462611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/462611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/462612"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=462611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=462611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=462611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}