5 Important Facts Before the Stock Market Starts on Monday

3 min readSep 11, 2023

Here are the top news highlights that investors should take note of as they prepare to kickstart their trading day:

1. On an Uptrend

On Monday morning, the stock market showed signs of improvement after a week of losses across all three major indexes. Dow Jones Industrial Average futures rose by 0.2%, S&P 500 futures increased by 0.4%, and Nasdaq 100 futures went up by 0.6%. Investors are closely watching for important inflation data this week due to strong economic reports from the previous week, which raised concerns about the Federal Reserve potentially raising interest rates more aggressively than expected.

However, there’s some reassuring news as the reported that Federal Reserve members have reached an agreement to be cautious about raising rates at their upcoming meeting. According to the CME FedWatch tool, futures now indicate a 93% chance that the Fed will keep interest rates unchanged during the meeting on September 20. Stay tuned for live market updates.

2. iPhone 15 Reveal?

Apple, is gearing up to unveil its latest iPhone this week at an event held at its headquarters on Tuesday. This event comes before the crucial December quarter, which is the company’s most important sales period of the year.

If Apple introduces the iPhone 15, as expected, analysts predict it will feature a USB-C charging port, replacing the proprietary Lightning port. This change would mean that Android phones, newer laptops, iPads, wireless headphones, and various other devices would all use the same charging port.

Additionally, Apple has hinted at launching a new operating system and updating some of its accessories, including Apple Watches and AirPod models.

3. Instacart IPO

In the world of initial public offerings (IPOs), Instacart has filed an updated proposal with hopes of raising up to $616 million. They plan to issue a total of 22 million shares, with 14.1 million being newly created by the company and 7.9 million from existing stockholders.

Instacart competes with traditional grocery stores and other food delivery platforms like Amazon, DoorDash, GoPuff, and Grubhub. The company aims to offer its shares at a price range of $26 to $28, making it one of the biggest IPOs of the year. You can find its stock listed on the Nasdaq exchange under the ticker symbol “CART.”

4. Promising Signs for Renters

For those in the rental market, there’s good news as apartment rental prices are showing signs of cooling off and might even decrease compared to current rates.

In August, rental rates were only 0.28% higher than they were a year ago, according to RealPage, a real estate technology platform. This is a significant change from August 2022 when rents were growing at an annual rate of 11%. One reason for this slowdown in rent increases is the substantial increase in apartment construction, which has boosted the housing supply.

In fact, the number of new apartment units being built has reached a 50-year high, with over 460,000 units expected to be completed this year alone.

5. Earthquake in Morocco

Morocco is currently dealing with the aftermath of a massive 6.8 magnitude earthquake that struck on Friday, resulting in the tragic loss of over 2,400 lives. The death toll is expected to rise, and the United Nations estimates that around 300,000 people were affected by the earthquake. On Sunday, there was another aftershock measuring 3.9 magnitude, according to the U.S. Geological Survey, although it’s unclear if this caused further damage.

Many people in Marrakech are sleeping outside on the streets for a third night, fearing the consequences of more aftershocks. Concerns among residents and officials are primarily focused on delivering assistance to remote areas outside the city, including rural communities with unpaved mountain roads now blocked by fallen rocks.


Investors brace for a dynamic trading day with stock market improvements. iPhone 15 reveal hints at a universal charging port. Instacart’s IPO aims high, offering promising signs for renters. Tragedy strikes Morocco with a devastating earthquake. Stay tuned for crucial updates shaping the trading landscape.

Originally published at https://businessdor.com on September 11, 2023.