5 things to know before the stock market opens on Tuesday, July 2

Here are the top five things investors need to know to start day trading:

1. Strong start

All three major indices started the second half on a positive note, posting gains for the Monday trading session. Heavy technology Nasdaq Composite closed the session at a new high, gaining 0.83% to end at a high of 17,879.30. of S&P 500 AND Dow Jones Industrial Average It also closed higher, with the broad market index gaining 0.27% and the Dow gaining 0.13%. The technology sector also ended with gains to start the second half, moving 1.3% higher. Technology stocks Microsoft, Apple and dear artificial intelligence Nvidia advanced 2.2%, 2.9% and 0.6% respectively. Follow live market updates.

2. New Deal?

The Paramount logo is displayed in Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023.

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Paramount Global is making moves for merger talks. The company’s leadership is actively meeting with executives from other media and technology companies to explore merging Paramount+ with another broadcaster and co-owning the platform, according to people familiar with the matter. This was also said by people familiar with the matter Warner Bros. Discovery has expressed interest in reaching a deal, as a combination of Max and Paramount+ could increase their competition with a range of platforms from Disney – namely, Disney+, Hulu and ESPN – other platforms like Netflix. This comes after Warner Bros. Discovery previously held tentative merger talks earlier this year. A broadcast deal, if reached, could lead to other broadcast partnerships across the media industry.

3. Boston Sale-tics

Jaylen Brown #7 of the Boston Celtics and Jayson Tatum in action during the third quarter of Game 2 of the Eastern Conference Finals against the Indiana Pacers at TD Garden on May 23, 2024 in Boston, Massachusetts.

Winslow Townson | Getty Images

The Boston Celtics may soon be for sale. The team’s ownership group has announced plans to sell it, with the group’s controlling family saying it intends to sell all its shares in the team “for wealth and family planning considerations”. The majority stake sale is expected to be completed by the end of this year or early next year, and the remainder of the sale will close in 2028, according to a statement. The sale combined with the cost of sports media rights could lead to a valuation near a record $4 billion or more, which is the amount the NBA’s Phoenix Suns fetched in 2023.

4. Uncompensated

Marc Benioff, CEO of Salesforce speaks during the World Economic Forum (WEF) in Davos, Switzerland on January 18, 2024.

Halil Sagirkaya Anatolia | Getty Images

It looks like the main drivers in the Salesforce may not receive a compensation plan. Investors have voted against the plan after shareholder advisory groups expressed concerns about the equity awards given to CEO Marc Benioff. A regulatory filing on Monday showed that 339.3 million votes were cast in favor of approving the plan, while 404.8 million votes were cast against. This despite the fact that the board had asked the shareholders to support the resolution. However, two shareholder advisory firms – Glass Lewis and Institutional Shareholder Services – had argued to overturn the resolution. Earlier this year, the board’s compensation committee awarded Benioff a second long-term equity award worth $20 million for the company’s strong performance, among other things.

5. Immunity

United States President Joe Biden and Former President Donald Trump attend the first presidential debate at CNN Studios in Atlanta, Georgia, United States on June 27, 2024.

Kyle Mazza | Anatolia | Getty Images

The Supreme Court has sided with Donald Trump. In a 6-3 decision, the court ruled Monday that the former president has “presumptive immunity” for official acts he performed as president. This throws a wrench into the election meddling case brought by special counsel Jack Smith. However, the former president is not immune from “unofficial acts,” the court ruled, with the majority further specifying that “not everything the President does is official.” As a result, the case will be returned to US District Judge Tanya Chutkan. Now, the chances of the criminal case against Trump going to trial before the Nov. 5 election have faded.

CNBC’s Brian Evans, Samantha Subin, Alex Sherman, Lillian Rizzo, Jordan Novet and Kevin Breuninger contributed to this report.

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