5 things to know before the stock market opens Thursday, December 23

Santa Claus gestures during the 96th Macy’s Thanksgiving Day Parade in Manhattan, New York City, U.S., November 24, 2022. 

Brendan Mcdermid | Reuters

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

1. Sleigh time?

Maybe Santa is going to deliver for the stock market, after all. There are still two trading days left till Christmas, and Wednesday showed stocks still have rallies in them, even during this otherwise sluggish month. The major indices surged, with the Dow jumping more than 500 points, and the S&P rising 1.49% and the Nasdaq posting a 1.54% gain. Still, stocks are on course to finish December in the red and potentially end up finishing their worst yearly performance in 14 years. On Thursday, investors will chew over the latest jobless data claims. Read live markets updates here.

2. Micron cutting thousands of jobs

Micron misses on revenue

3. SBF’s ex-colleagues cooperating with feds

FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14, 2022.

Jakub Porzycki/NurPhoto via Getty Images

4. Zelenskyy lauds U.S. ‘investment’

Russian tyranny has lost control over us: Ukraine Pres. Volodymyr Zelenskyy

5. Home sales have fallen for 10 straight months

November existing home sales fall — 10th consecutive monthly drop

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