5 things to know before the stock market opens Tuesday, January 3

A worker cleans the street after the first public New Year’s Eve event since the Covid-19 pandemic, in Times Square, the Manhattan borough of New York City, New York, U.S., January 1, 2023 .

Andrew Kelly | Reuters

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

1. New year, new market?

2. Tesla failed

New Model Y electric cars were parked early in the morning in a parking lot outside the factory of American electric car maker Tesla.

Patrick Pleul | Image Alliance | beautiful pictures

Tesla said that 405,278 new cars have been delivered in the fourth quarter, ending a year in which the electric vehicle maker saw an overall growth of 40% in delivery numbers. But that fourth-quarter number was much lower than what analysts expected. In fact, measured against the estimated range included in the FactSet consensus — 409,000 to 433,000 — it’s well below the low end of the range. Shares of Tesla fell dramatically last year as traditional automakers began ramping up production of their own electric vehicles and CEO Elon Musk sold a large chunk of stock and focused much of his attention on the company. attention to his chaotic Twitter takeover. Tesla has also suffered a Covid-related slowdown in China. Meanwhile, Musk has told Tesla employees not to pay too much attention to the market. “In the long run, I strongly believe that Tesla will be the most valuable company on Earth!” I wrote in a recent email.

3. Big January for the retail industry

Here are the post-holiday shopping trends to watch out for in January

The retail industry is worried about how it will perform in…January? Often the time for shoppers to return items or use gift cards they receive during the holidays, the first month of the year is often the latest month when many retailers wrap up their biggest quarters. This year is differentHowever, as CNBC’s Melissa Repko pointed out. The verdict on the year-end shopping season remains unresolved, so companies are hoping to lure shoppers in with more January deals to push sales higher. It is also an important month for clearing excess inventory, which was a big problem last year, reducing the profit margins of chains. In 2023, with the potential for a recession pending and shoppers becoming increasingly picky, it’s important for retailers to have the right inventory.

4. Unrest in Russia

Soldiers from the 59th brigade of the Armed Forces of Ukraine fire missiles at Russian positions in the Russian-occupied Donbas region on December 30, 2022 in Donetsk, Ukraine. Russia has been trying to expand its control there since invading Ukraine.

Pierre Chrome | Getty Images News | beautiful pictures

5. Shocking Scenes in ‘Monday Night Football’

The Buffalo Bills players kneel after teammate Damar Hamlin #3 collapsed after a tackle against the Cincinnati Bengals during the first half at Paycor Stadium on January 2, 2023 in Cincinnati, Ohio.

Kirk Irwin | Getty ImagesSports | beautiful pictures

Sports world froze in shock Monday night after Buffalo Bills safe for Damar Hamlin fall on the field and the paramedics worked to keep him alive. The incident occurred during the highly anticipated NFL “Monday Night Football” game between the Bills and the Cincinnati Bengals on Disney’s ESPN channel. After making a tackle, Hamlin stood up but immediately fell down when his heart stopped. The 24-year-old defender was taken to the hospital and is in a critical condition. The game has been postponed. Horrible injuries are common in football, but Hamlin’s injury is especially chilling when the situation plays out on live television. “I’ve never seen anything like it since I played,” said NFL executive Troy Vincent, who played in the league from 1992 to 2006.

– CNBC’s Tanaya Macheel, Lora Kolodny, Melissa Repko and Natasha Turak contributed to this report.

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