5 issues to know earlier than the inventory market opens Wednesday, February 21

Listed below are an important information objects that traders want to start out their buying and selling day:

Chipmaker and AI-play Nvidia reviews earnings Wednesday after the market shut. Sentiment on Wall Street seems shaky, with the inventory falling 4% Tuesday. (It is nonetheless up 40% this 12 months and greater than 200% within the final 12 months.) The priority could also be round its valuation, which final week surpassed Alphabet to change into the third most valuable U.S. company, behind Microsoft and Apple. “NVDA’s stock appreciation has been parabolic,” analysts at Financial institution of America wrote in a current report. “We think one interpretation of this NVDA move is a mix of fear and greed and indiscriminate investor chase for all things AI.”

Walgreens Boots Alliance is out. Amazon is in. S&P Dow Jones Indices announced Tuesday the tech behemoth will exchange the drug retailer retailer within the Dow Jones Industrial Common, efficient subsequent week. The swap is an effort to rebalance the price-weighted measurement of 30 shares with elevated shopper retail publicity after Dow element Walmart’s 3-for-1 inventory break up lowered its weight. Additionally included within the shake-up, airline JetBlue Airways might be faraway from the Transportation common, changed by ride-hailing firm Uber.

A brand new sports activities streaming three way partnership from Disney, Fox and Warner Bros. Discovery is dealing with its first problem. FuboTV filed a lawsuit towards the media giants over what it known as “extreme suppression of competition in the U.S. sports-focused streaming market.” The three way partnership goals to supply sports activities followers a skinnier choice to the standard pay-TV bundle, nevertheless it’s raised considerations amongst conventional cable gamers and now, sports activities streamer Fubo. “By joining together to exclusively reserve the rights to distribute a specialized live sports package, we believe these corporations are erecting insurmountable barriers that will effectively block any new competitors from entering the market,” FuboTV CEO David Gandler stated. A spokesperson for the three way partnership declined to remark.

American Airlines is raising baggage fees for the primary time since 2018. Vacationers can now count on to pay $35 for his or her first checked bag in the event that they buy the choice upfront or $40 in the event that they choose in on the airport. Beforehand, both choice value $30. A second checked bag will now value $45, up from $40, both upfront or in particular person. It is the newest instance of shoring up the underside traces as companies make 2024 a year of cost-cutting. Scott Chandler, American’s senior vp of income administration and loyalty, stated the price of transporting luggage has been “significantly higher” lately.

– CNBC’s Hakyung Kim, Kif Leswing, Jordan Novet, Julia Boorstin and Leslie Josephs contributed to this report.

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