Five things you need to know before the market opens on Friday September 15:
1. — Stocks edge higher as ‘peak rate’ bets, ARM debut, China data boost sentiment
Stocks are looking to add to gains founded on a dovish ECB rate hike, a nascent China recovery and a spectacular Nasdaq debut for ARM Holdings’ IPO.
2. — Ford, General Motors Slide as UAW launches historic strike action on Big 3 carmakers
The UAW launched coordinated action on the Big 3 automakers for the first time ever late Thursday, targeting assembly plants in Michigan, Ohio and Missouri.
3. — Disney gains as bidders, including Byron Allen, vie for ABC network, other cable assets
Multiple reports suggest media mogul Byron Allen is preparing a $10 billion bid to buy Disney’s ABC network, as well as a other linear cable assets.
4. — Adobe slides as muted outlook, AI pricing lag, offset solid Q3 earnings
Adobe said it may take time for AI price increases to make their way into the group’s bottom line.
5. — Instacart mulls beefed-up IPO price after spectacular ARM Nasdaq debut
Arm’s 25% trading debut surge could lead to a beefed-up IPO price for grocery delivery group Instacart.
