5 things you should know before the stock market opens on Tuesday September 14th


Business News

Here are the key news, trends, and analysis investors need to start their trading day:

1. Dow futures skyrocket and turn positive after major inflation data

A statue of George Washington is pictured in front of the New York Stock Exchange on Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

2. Apple holds launch event and releases iOS security patch

Apple CEO Tim Cook speaks in a still from video captured on September 15, 2020 in Cupertino, California during a special event at Apple Park corporate headquarters.

Apple Inc. | Reuters

Apple is hosting its annual iPhone event on Tuesday, the company’s seventh virtual launch due to the pandemic. According to analysts, the tech giant is expected to launch new iPhones and updates to its AirPods and Apple Watch. New iPads and MacBooks Pro laptops are also due for an update, although it is unclear whether Apple will pack or distribute all autumn launches in one.

Apple has released a patch for its iOS mobile operating system to fix a vulnerability related to the iPhone’s iMessage function. According to the research group Citizen Lab, an Israeli company had been exploiting the weakness since February. The company, the NSO Group, has neither confirmed nor denied responsibility. The FBI and Israeli officials have investigated NSO.

3. Cathie Wood expects big profits for Tesla, digital currencies

Cathie Wood, Founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York on September 13, 2021.

Brendan McDermid | Reuters

Ark Invest’s Cathie Wood, the popular investor focused on disruptive innovation, made bullish calls on Tesla and cryptocurrencies at the annual SALT conference Monday night. When asked about her recent cut in her Tesla stake, Wood said it was a technical move and the electric vehicle maker still accounts for more than 10% of Ark’s flagship fund. Wood has become increasingly optimistic about ether, saying that their crypto portfolio is now 40% made up of the world’s second largest digital coin and 60% bitcoin.

4. SEC chairman asking questions about crypto regulations

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listens during a meeting of the Financial Stability Oversight Council (FSOC) at the US Treasury Department in Washington, DC, USA, on Monday, December 9, 2013.

Andrew Harrer | Bloomberg | Getty Images

5. House Democrats propose tax hikes to pay $ 3.5 trillion

House Spokeswoman Nancy Pelosi and House Ways and Means Committee Chair Richard Neal (L), Democrat of Massachusetts, speak on the U.S.-Mexico-Canada Accord, known as the USMCA, on Capitol Hill in Washington, DC, Jan. December 2019.

Saul Loeb | AFP | Getty Images

House Democrats outlined tax hikes that will offset up to $ 3.5 trillion in spending on social safety net and climate policy. The proposal provides for top tax rates of 26.5% and 39.6% for corporate and personal taxes. Tax plans could change as the Democrats attempt to draft and pass a final bill in the coming weeks. The proposal also includes a 3% surcharge on individual income over $ 5 million and a capital gains tax of 25%.

– Reuters contributed to this report. Follow all market activity like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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