5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

1. Wall Street looks steady after two days of Fed-driven selling were relatively steady Thursday, as Wall Street tried to avoid a three-session losing streak. The led the selling over the past two days as the started to strike a more hawkish tone — . 2. Key Treasury yield spread remains inverted after jobless claims data rose Thursday after the government reported fewer-than-expected 166,000 weekly initial jobless claims. The was trading around three-year highs above 2.6% and was no longer inverted lower than the . However, the remained inverted, still higher than the . Historically, these inversions have happened before economic recessions. With the jobs market strong, the Fed may have room to slow the economy to fight inflation — threading the needle on its dual mandate of fostering maximum employment and controlling prices. The central bank is expected to hike rates at all six of its remaining meetings this year. The size of those increases are the real question. 3. Warren Buffett's Berkshire Hathaway reveals major stake in HP 's Berkshire Hathaway has initiated a major stake in tech hardware stock , becoming the largest shareholder in the PC and printer maker. purchased nearly 121 million shares of HP,