Wednesday’s big stock stories: What’s likely to move the market in the next trading session

Tech shares sold off sharply Tuesday, dragging the S&P 500 to its worst day since August. Here’s what CNBC TV is watching going into Wednesday.

Norfolk Southern fires its CEO over relationship with another executive September 11, 2024
Railroad operator Norfolk Southern Corp. fired Chief Executive Alan Shaw on Wednesday, following an investigation into allegations of misconduct.
How to buy bitcoin, ether and other crypto ETFs with more security and less risk September 11, 2024
Crypto ETFs are safer than owning cryptocurrencies outright — but you’re still in unknown territory.
Petco stock surges 33% after Roaring Kitty post September 11, 2024
Shares of Petco Health & Wellness shares rose after it reported second-quarter results and executives on the earnings call discussed a focus on improving cash flow.
Why Fed interest-rate cuts may not be bullish for bitcoin September 11, 2024
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
There’s ’no reason’ for average gamers to buy the 75% more expensive PlayStation 5 Pro, analyst says September 11, 2024
‘The average gamer will go nowhere near this, there’s no reason for them to,’ one gaming analyst says about the new console
Tommy Bahama parent says that people ‘are looking for deals’ as it cuts guidance again September 11, 2024
People are “looking for deals and promotions” and have flocked to Oxford Industries Inc.’s outlets and to sales at the regular stores, the parent company of Tommy Bahama and Lilly Pulitzer brands says.
The stock market was briefly unsettled by CPI report. Here’s why. September 11, 2024
August’s consumer-price index came in close to expectations and reinforced traders’ expectations for a regular-size, 25-basis-point rate cut from the Federal Reserve next Wednesday. But it still disappointed investors and traders anyway, soon after the data was released.
Campbell’s drops ‘Soup’ from name, but it will still make soup September 11, 2024
After 155 years, the Camden, N.J., company and component of the S&P 500 is officially changing its name to the Campbell’s Company.
Children’s Place shares nearly double on profit surprise September 11, 2024
Children’s Place Inc.’s stock soared 90% as a rare gainer Wednesday after the retailer topped analyst expectations with its first adjusted profit in two years.
Treasury yields bounce off 2024 lows after August CPI inflation report September 11, 2024
Treasury yields rose from their lowest levels of the year after Wednesday’s data showed a key component of the August consumer-price index coming in higher than expected, reducing the likelihood of a big interest-rate cut by the Federal Reserve next week.