5 things you need to know before the stock market opens on Wednesday, October 13

Read Time:2 Minute, 58 Second

Here are the most important news, trends and analysis investors need to start a trading day:

1. Wall Street wants to avoid a four-game losing streak

On October 12, 2021, traders work on the trading floor of the New York Stock Exchange (NYSE).

Bren Dank Demead | Reuters

2. Supply chain difficulties, rising costs may lead to unstable profitability

Supply chain issues, labor shortages and rising energy prices made it difficult to model this quarter. The Earnings Scout CEO Nick Raich said that as of Tuesday, 22 early-reporting companies had exceeded expectations by 11%. Although this is higher than the traditional tempo of 3% to 5%, it is far below the average level of the first few quarters of this year, including the approximately 18% tempo in the second quarter. Expectations for the third quarter, which have been steadily rising for several months, have ceased in the past few weeks.

3. Consumer prices are expected to remain high in September

On Wednesday, the 10-year U.S. Treasury bond yield fell to about 1.57%, after another inflation report was previously expected. The government released the September Consumer Price Index at 8:30 am Eastern Time. Economists predict that the overall CPI and core CPI excluding the food and energy sectors will be close to last month’s year-on-year growth of 5.3% and 4%, respectively. The Fed released the minutes of its September policy meeting at 2 pm Eastern Time, when the central bank governor stated that they expected to start reducing monthly asset purchases “soon”, but did not specify when.

4. The White House aims to help major ports on the West Coast remain open 24/7

On September 28, 2021, a cargo ship full of containers docked at the Port of Los Angeles in Los Angeles, California.

Frederick J. Brown | AFP | Getty Images

President Joe Biden will announce a plan on Wednesday to try to ease the backlog of West Coast ports by expanding all-weather operations. Following a similar transition at the Port of Long Beach, California last month, the Port of Los Angeles is expected to announce that it will operate 24/7. At the core of this plan to alleviate supply chain disruptions is the commitment of some of the leading retailers and shippers in the United States (including FedEx, UPS, Walmart, and Home Depot) to increase night and non-working hours operations at ports to bring goods to market. Together, these ports account for approximately 40% of the shipping containers entering the United States.

5. The United States will reopen its land borders in November for full vaccination

On August 29, 2018, the flags of the United States, Canada, and Mexico flutter side by side in Detroit, Michigan, United States.

Rebecca Cook | Reuters

The United States said on Wednesday that it will reopen its land borders for non-essential travel next month and end the 19-month freeze caused by the new crown virus (Covid) because the country has taken action to require all international tourists to be vaccinated. Since the beginning of the pandemic, vehicle, rail, and ferry travel between the United States, Canada, and Mexico has been largely limited to basic travel. The latest move is after announcing last month that the United States will end the national travel ban on air travel, and instead requires foreign nationals seeking to enter by air to be injected with the new crown virus.

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