5 things to know before the stock market opens on Wednesday

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

The government shutdown may end soon, but don’t expect the Bureau of Labor Statistics to release all the economic indicators you missed right away.

As CNBC’s Jeff Cox reports, it will take time for government agencies to catch up on data collection. Goldman Sachs estimated that if the shutdown ends this week, the BLS could schedule a report to be released early next week, but may not release the data itself.

Market watchers will be particularly interested in how the job market data plays out, as other data sources point to slack in the workforce. Adding to the uncertainty is the rise in the number of “ghost jobs.” This is a term used to describe a list of job openings that have never been filled.

President Donald Trump announced the tariff refund checks over the weekend. Experts warn you shouldn’t hold your breath.

Policy analysts and economists told CNBC’s Jessica Dickler that President Trump’s idea of ​​paying a “dividend” of at least $2,000 to Americans other than “high-income earners” is unlikely to happen anytime soon. They also warned that this type of economic stimulus could increase inflation.

Speaking of tariffs, CNBC’s Lori Ann LaRocco reported that U.S. importers are hoping for a simple refund process if the Supreme Court rules against President Trump’s levy and forces them to refund it.

The Senate Agriculture Committee this week released a partial draft of the Digital Asset Market Structure Act, a major step toward greater adoption of cryptocurrencies by investors.

The draft law sets out a framework for how to put guardrails in place for industries and institutions wishing to leverage digital assets. Cody Carbone, CEO of crypto industry group Digital Chamber, said this is the “most important roadmap” for how institutions will leverage these currencies.

Here are the biggest takeaways from the draft:

Swiss sportswear company On hasn’t seen the same slowdown as other shoe companies. The company reported better-than-expected earnings this morning, said it didn’t need to offer a Black Friday sale to stimulate demand, and raised its earnings forecast. On stock rose nearly 9% in premarket trading.

Elsewhere in the fitness space, Oura CEO Tom Hale told CNBC in an exclusive interview that the smart ring maker’s sales could reach $2 billion in 2026, nearly doubling sales for the second year in a row. Oura raised $900 million in a funding round last month, valuing it at $11 billion. But public market investors shouldn’t get too excited. Hale said there is “no news regarding an IPO” for the Finnish company.

Consumer sentiment varies greatly depending on the amount of stocks held by individuals. Click here to read more about how major shareholders are increasing their financial confidence and what could change that.

—CNBC’s Sean Conlon, Kif Leswing, Ashley Caputo, Jordan Nove, Yun Li, Jeff Cox, Jessica Dickler, Lori Ann LaRocco, Liz Napolitano, Gabriel Fonrouge, Tasmin Lockwood and Arjun Karpal contributed to this report. Josephine Rozzelle edited this version.