Five things you need to know before the market opens on Tuesday September 19:
1. -- Stocks higher, oil extends surge, as Fed kicks-off key rate meeting
Stocks are set for a muted open Tuesday with the Fed firmly in focus, but the ongoing rise in global crude prices is starting to trouble investors heading into the autumn months.
2. -- UAW sets Friday deadline for new strike action as Big 3 talks stall
UAW president Shawn Fain warned the Big 3 late Monday that union members are 'not messing around' as strike action enters its fourth day.
3. -- Housing starts in focus as mortgage rates pummel homebuilder sentiment
Higher mortgage rates have, so far, failed to blunt gains for new home construction. But that could change as homebuilder sentiment begins to turn.
4. -- Instacart IPO delivers $10 billion market value ahead of Nasdaq debut
Following-on from ARM Holdings successful Nasdaq listing last week, grocery delivery group Instacart priced its long-awaited IPO at around $10 billion.
5. -- FTX sues parents of Sam Bankman-Fried, seeks millions in transferred funds
Officials for FTX said the parents of Sam Bankman-Fried "fraudulently transferred and misappropriated funds" of the now bankrupt crypto-trading platform.
