5 things to know before the stock market opens Wednesday, October 26

Trader on the floor of the NYSE, Oct. 25, 2022.

Source: NYSE

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

1. Time to call IT

Stocks were on a roll heading into Wednesday. The major U.S. indices had another big day Tuesday, extending equities’ winning streak to three days. But then a couple major tech companies reported quarterly results (more on that below), and all of a sudden a pretty solid earnings season started to look a little more sketchy. There are more Big Tech earnings to come this week, too: Facebook parent Meta is on deck to report after the bell Wednesday, and Apple and Amazon go Thursday. Read live market updates here.

2. Cloudy outlook from Microsoft

Satya Nadella, CEO of Microsoft

Source: Microsoft

3. Google’s ad problem

Loup's Gene Munster breaks down Alphabet earnings

4. Mortgage demand withers

A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020.

Saul Loeb | AFP | Getty Images

5. ‘The heaviest of battles’

Civilians evacuated from the Russian-controlled city of Kherson arrive by ferry in the town of Oleshky, Kherson region, Russian-controlled Ukraine October 22, 2022.

Alexander Ermochenko | Reuters

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