Here are five key things investors need to know to start the trading day:
1. Inflation index
2. Eyes on the road
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025.
Kevin Lamarque | Reuters
3. ‘Chaos’
James Farley, president and chief executive officer of Ford Motor Co., speaks during a launch event for the 2022 Ford F-150 Lightning all-electric truck at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April 26, 2022.
Emily Elconin | Bloomberg | Getty Images
4. Healthy results
A CVS pharmacy in Miami, Florida, US, on Tuesday, Oct. 1, 2024.
Eva Marie Uzcategui | Bloomberg | Getty Images
Shares of CVS Health rose 10% before the bell Wednesday after the drugstore chain beat fourth-quarter earnings and revenue expectations. But higher medical costs and CVS’ Medicare Advantage star ratings dragged on the company’s insurance business, which reported an adjusted quarterly operating loss of $439 million. The results mark the first full quarter with David Joyner at the helm after the longtime pharmacy benefits executive succeeded Karen Lynch in October.
5. Day 2
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025.
Craig Hudson | Reuters
Federal Reserve Chair Jerome Powell will head back to Capitol Hill Wednesday to appear before the House Financial Services Committee at 10 a.m. ET. On his first day of congressional testimony, the central bank chief signaled to the Senate Banking Committee that policymakers are not in a rush to lower interest rates, telling the senators on Tuesday, “We do not need to be in a hurry to adjust our policy stance.” Powell also said that the Fed will never have its own digital currency as long as he’s at the helm.
— CNBC’s Brian Evans, Jeff Cox, Lora Kolodny, Michael Wayland, Yun Li and Annika Kim Constantino contributed to this report.
