5 Things to Know Before the Stock Market Opens Wednesday

Key Market Events

* The stock market had a muted Tuesday. * The Federal Reserve is expected to stay pat on rates. * Fed Chair Jerome Powell to signal cuts timeline. * TD shares are down 4% in premarket trading. * Bavarian Nordic stock jumps on revenue beat and mpox news. * US stock futures are rising as rate hikes seem off the table. * Nordstrom stock jumps on cost cuts and higher Rack sales.

Economic Data

* No major economic data releases are scheduled for Wednesday.

Earnings Reports

* No major companies are scheduled to report earnings on Wednesday.

Analysts' Ratings

* Goldman Sachs upgraded Ford Motor to Buy from Neutral. * Morgan Stanley downgraded Nike to Equal-Weight from Overweight. * Bank of America upgraded General Electric to Buy from Neutral.

Stock Market Outlook

* The stock market is likely to open higher on Wednesday as investors digest Tuesday's Fed news and await Powell's speech. * The Fed is expected to raise interest rates by 50 basis points on Wednesday, but investors will be looking for clues about the pace of future hikes. * The market is also likely to be influenced by earnings reports from major companies such as Apple, Amazon, and Alphabet.