5 things to know before the stock market opens Wednesday, November 22

Here are the most important news investors need to start their trading day:

All three major indexes ended lower Tuesday, breaking a streak of five straight days of gains for the S&P 500 and Nasdaq Composite. The bear day came when Federal Reserve officials released minutes from their latest meeting on Tuesday, suggesting that Fed policy will need to remain “restrained” amid concerns that inflation may be stubborn or high. Meanwhile, after a string of retail gains, shares of apparel retailer American Eagle fell nearly 16% as the company issued an unimpressive holiday forecast and Lowe’s stock fell 3.1% after cutting its full-year sales forecast. E-commerce giant Amazon also fell, falling 1.5% after CNBC’s David Faber reported that former CEO Jeff Bezos may sell more shares, citing sources. Follow live market updates.

Sam Altman has returned to the role of CEO of OpenAI, less than a week after his dismissal. said the artificial intelligence startup X That there will also be some changes in the board of directors with his return. Altman was abruptly fired on Friday afternoon, angering employees and investors. Hundreds of employees signed a letter demanding the board’s resignation and Altman’s reinstatement. They also threatened to move with him to Microsoft if he did not return to the Microsoft-backed startup.

Binance CEO and founder Changpeng Zhao resigned from his position on Tuesday after pleading guilty to federal criminal charges of causing and causing a financial institution to violate the Bank Secrecy Act. Zhao’s cryptocurrency exchange has also been hit with numerous charges and has agreed to pay $4.3 billion in fines and forfeitures, according to the US Department of Justice. Zhao on Tuesday also named Richard Teng — the former CEO of Abu Dhabi Global Market, the financial services regulator in the UAE capital, and who was most recently global head of regional markets at Binance — as his successor. In a post on XZhao, formerly of Twitter, said he “should take responsibility” and that it was “not easy to let go emotionally.”

Nvidia beat Wall Street expectations for its third-quarter earnings. But the chip company also warned that export restrictions affecting sales in China and other countries could hurt the next quarter. However, Nvidia is still hot. Its revenue rose 206% year-over-year during the quarter ending in October. 29, according to A statement. The company also issued guidance calling for revenue of $20 billion for the fiscal fourth quarter, which would mean revenue growth of approximately 231%. Nvidia has seen demand for its GPUs exceed supply, thanks to the rise of generative AI.

Israel and Hamas have agreed to a hostage deal and a humanitarian truce in Gaza that will last for at least four days. This truce will allow more humanitarian convoys and relief aid to enter Gaza, including much-needed fuel. Under the terms of the agreement, 50 civilian women and children hostage currently held in the Palestinian enclave will be released. In return, Israel will release a number of Palestinian women and children. The deal had been in the works for weeks and involved external brokers and mediators from the United States, Qatar and Egypt. The Israeli government stressed that despite this deal, the war will not end until all its goals are achieved, including the release of all hostages and the elimination of Hamas. Follow live updates.

— CNBC’s Hakyung Kim, Jeff Cox, Mackenzie Sigalos, Ryan Braun, Ari Levy, Hayden Field, Jonathan Vanian, Rohan Goswami, Jordan Novitt, Rebecca Picciotto and Ruksandra Iordash contributed to this report.

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