5 things to know before the stock market opens on Wednesday

Happy Wednesday. Ever since I read about Mike’s Red Taco’s new franchise plans, I’ve been craving birria.

Stock futures are rising this morning. All three major indexes ended yesterday’s trading little changed.

Here are five important things investors need to know to start their trading day.

Amazon Yesterday we ended a huge losing streak, but the damage was done. The e-commerce giant has lost hundreds of billions of dollars in market capitalization over the past two weeks.

Here’s what happened:

Amazon stock rose more than 1% yesterday, ending a nine-day losing streak in which the stock fell about 18% from February 2nd to February 13th. The decline was the worst in nearly 20 years, wiping more than $450 billion from Amazon’s market valuation. Amazon’s Feb. 5 announcement that it plans to spend $200 billion on capital spending this year was met with skepticism from Wall Street and contributed to some selling. But despite pressure on other tech stocks, yesterday’s stock rally helped buoy the overall market. Stock futures are rising this morning as traders await the release of the last Federal Reserve Board meeting minutes this afternoon. Follow live market updates here.

Get your popcorn: Latest updates on the race to buy warner bros discovery I dropped it yesterday.

WBD announced that it will resume trade negotiations with the United States. paramount skydance thanks to the 7-day exemption from Netflix. According to WBD, the dialogue will focus on the “flaws” in Paramount’s proposal and allow the media company to make its best and final bid.

Netflix co-CEO Ted Sarandos told CNBC’s Julia Boorstin yesterday that the distributor approved the waiver to give WBD shareholders confidence in the all-cash offer of $27.75 per share. “Paramount was in turmoil and shareholders were in a lot of confusion,” Sarandos said. “We have given these shareholders the opportunity to get exactly what they deserve: complete clarity and certainty.”

meta Yesterday, it was announced that it would expand its contract with. Nvidia Because it uses millions of artificial intelligence chips to build data centers. The social media company also said it will use Nvidia products to support WhatsApp’s networking technology and AI features.

As CNBC’s Katie Tarasoff reports, the new deal is just the latest step in a long-term partnership between the Big Tech giants. Meta has been using Nvidia’s graphics processing units (GPUs) for at least a decade. Financial terms of Tuesday’s deal were not disclosed.

Meanwhile, in another sign of the boom in AI-built apps, cloud infrastructure startup Lender announced yesterday that it had raised $100 million in funding at a valuation of $1.5 billion. CEO Anurag Goel told CNBC that more than 4.5 million developers use Render’s tools, and revenue growth has exceeded 100%.

Consumer spending is strong, but debt is at an all-time high. Economic output is surging, but many people feel financially terrible. Although a post-pandemic recession never materialized, most Americans believe the country is in a recession.

Welcome to the “boom session,” a coined word that combines “boom” and “bust.”

This quote sums up the feeling of many Americans that the economic engine they rely on is not moving them forward. It may also help explain the continued disconnect between strong GDP data and grim consumer sentiment numbers.

“Late Show” host Stephen Colbert criticized CBS and its parent company, Paramount Skydance, on last night’s show, denying that CBS blocked the comedian from airing an interview with U.S. Senate candidate James Talarico.

CNBC’s Annie Palmer, Sean Conlon, Sarah Ming, Sara Salinas, Lillian Rizzo, Jordan Nove, Katie Tarasoff, Dan Mangan and Sarah Witten contributed to this report. Josephine Rozzelle edited this version.