5 issues to know earlier than the inventory market opens Tuesday

Listed here are 5 key issues buyers must know to begin the buying and selling day:

The Dow Jones Industrial Average hit a brand new all-time excessive on Monday, because the 30-stock index superior 228.30 factors, or 0.55%, for the day. The S&P 500 was simply shy of its all-time excessive, including 0.13% and shutting at 5,633.09. The Nasdaq Composite, in the meantime, shed 0.52% as chip shares, together with Nvidia, fell. Apple shares dropped 2.8% as analysts prompt there may very well be much less demand for iPhone 16 Professional fashions than anticipated. Follow live market updates.

Amazon is saying goodbye to the hybrid working schedule. CEO Andy Jassy mentioned Monday that company staff ought to be in the office five days a week beginning Jan. 2. It is a vital shift from the earlier requirement of being within the workplace three days every week. “Earlier than the pandemic, it was not a given that folk may work remotely two days every week, and that may even be true transferring ahead — our expectation is that individuals shall be within the workplace exterior of extenuating circumstances,” Jassy mentioned in a memo. Amazon is aiming to streamline its company construction and get rid of forms by having fewer managers in every group, he mentioned. Additionally on Monday, hundreds of Amazon delivery drivers at a Queens, New York, facility joined the Worldwide Brotherhood of Teamsters in an escalation of organizing efforts.

Intel shares soared after hours on Monday as the company unveiled plans to show its foundry enterprise into an impartial unit. It might have its personal board and will doubtlessly increase exterior capital, Intel mentioned. The restructuring is a part of CEO Pat Gelsinger’s plan to show the chipmaker round and comes as Intel’s inventory has misplaced virtually 60% of its worth in 2024. The corporate has spent roughly $25 billion over the previous two years on the foundry enterprise, which Intel plans to make use of to fabricate chips for different prospects. Intel additionally mentioned Monday that it struck a cope with Amazon to provide customized chips for AI. It added that it might pause some efforts in Poland and Germany, however mentioned U.S. manufacturing initiatives are unaffected.

Boeing unveiled sweeping cost-cutting measures Monday because it offers with greater than 30,000 manufacturing facility staff in Washington and Oregon who went on strike final week. The producer mentioned it might implement a hiring freeze, put a pause on nonessential employees journey and scale back provider spending to economize. CFO Brian West additionally advised employees the corporate would make “vital reductions” to provider spending and cease most buy orders for its 737 Max, 767 and 777 jetliners. Boeing shouldn’t be making funding cuts to security, high quality and direct buyer assist work, he added.

Charter Communications desires prospects to view its cable and broadband supplier in a extra constructive mild. To that finish, the corporate — which is thought to prospects beneath the identify Spectrum — is rolling out new broadband, cable TV, and cellular bundles and pricing; rising web speeds; providing credit for service outages; and promising higher reliability for purchasers. “It’s exhausting to be cherished while you’re offering a essential service to the family that is a bodily infrastructure that costs over $100 a month,” Chris Winfrey advised CNBC’s Lillian Rizzo. The modifications come as Constitution and others within the business cope with slowing broadband buyer development and continued defections from the cable TV bundle. Read more about Charter’s plans here.

— CNBC’s Hakyung Kim, Annie Palmer, Kif Leswing, Rohan Goswami, Leslie Josephs and Lillian Rizzo contributed to this report.