5 Important Things to Consider Before the Stock Market Opens on Wednesday, July 10th

The S&P 500 continues its winning streak, closing at yet another record high, marking its 36th record close in 2024. The Nasdaq Composite also reached a new high, while the Dow Jones Industrial Average saw a slight dip. Investors are closely watching the market as Federal Reserve Chair Jerome Powell cautions against keeping interest rates high for too long, warning of potential risks to the economy. Meanwhile, the housing market is experiencing an unusual divide, with rising inventory and prices creating uncertainty for analysts. In other news, Microsoft is stepping back from its observer seat on OpenAI’s board, and automation software developer UiPath is cutting its workforce. Stay informed with CNBC Pro for all the latest market updates.