Traders work on the floor of the New York Stock Exchange (NYSE), April 10, 2023.
Brendan McDermid | Reuters
Here are the most important news items that investors need to start their trading day:
1. Uptick
Stock futures were up slightly in premarket trading Tuesday after notching modest moves during Monday’s regular session trading. The Dow Jones Industrial Average and the S&P 500 both inched higher on Monday, gaining 0.3% and 0.1%, respectively, while tech-heavy Nasdaq Composite slipped 0.03%. Investors await more inflation data and the first bank earnings reports of the season, due later this week. JPMorgan Chase, Wells Fargo and Citigroup will all report their results on Friday. Follow live market updates.
2. Credit concerns
Customers shop for eggs at a H-E-B grocery store on February 08, 2023 in Austin, Texas.
Brandon Bell | Getty Images News | Getty Images
Add diminishing access to credit to the growing list of concerns that Americans have for the economic road ahead. A monthly survey by the New York Federal Reserve, out Monday, found the share of respondents who reported that credit is much or somewhat harder to get than a year ago rose to 58.2% last month. That level was the highest ever in a data series that dates back to June 2013. The share of respondents who expect credit to be more difficult to get a year from now also rose, to nearly 53%, as did respondents’ perceived probability of missing a minimum debt payment in the next three months. The survey comes as the Federal Reserve works to tamp down persistent inflation — and suggests consumers aren’t confident in its efforts to do so to date.
3. Breaking through
Bitcoin offices in Istanbul, Turkey on March 24, 2023.
Umit Turhan Coskun | Nurphoto | Getty Images
Bitcoin jumped past $30,000 on Monday for the first time since June, according to Coin Metrics. Those gains could usher in some momentum, with James Lavish, managing partner at the Bitcoin Opportunity Fund, calling a move into the mid- to…
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