5 issues to know earlier than the inventory market opens Wednesday, March 24

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Stocks will pick up again after Tuesday’s wide sell-off

People are seen on Wall Street in front of the New York Stock Exchange (NYSE) in New York City on March 19, 2021.

Brendan McDermid | Reuters

2. Yellen, Powell for day 2 of business report

Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell on his swearing-in ceremony for a new term on the Fed’s Board of Directors in this flyer photo taken and posted on June 16, 2014.

US Federal Reserve | Reuters

Finance minister Janet Yellen and Federal Reserve Chairman Jerome Powell should provide the legislature with a second day of economic statements, as is required every quarter under the Covid Aid Act of March 2020. You will remotely appear before the Senate Banking Committee at 10 a.m. CET. On Tuesday, they told the House Financial Services Committee that valuations of assets in the pockets of the markets had risen are not yet reasons for alarm. Yellen and Powell also said they are confident in the stability of the financial sector as the U.S. economy continues to recover from the pandemic.

3. GameStop goes down after confirmation of a possible sale of stocks

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop Shares fell 12% on the Wednesday leading up to the IPO after the company confirmed in a message that it was considering selling additional shares. The stock rose more than 2,400% in the Reddit trading frenzy in January before crashing. It made a comeback in late February and early this month in the hope of digital transformation. However, the last few days’ stocks have been down. After the closing bell on Tuesday, GameStop missed on the top and bottom lines with quarterly results. However, in the quarter, ecommerce sales grew 175%. The company also named former Amazon and Google CEO Jenna Owens as its new chief operating officer.

4. Intel builds new chip systems; Amazon appoints new cloud boss

Pat Gelsinger, CEO of Intel, speaks in a photo taken as CEO of VMware on March 9, 2017 in Santa Monica, California.

Patrick T. Fallon | Bloomberg | Getty Images

Dow share Intel rose around 4% in premarket trading after the company announced it would be late Tuesday will spend $ 20 billion to build two new semiconductor factories in Arizona. The announcement, which coincides with the first public statements by new CEO Pat Gelsinger since taking the contract, signals that Intel will continue to focus on manufacturing during the industry shifts that have led competitors to increasingly separate chip design and manufacturing will focus.

Andy Jassy, ​​CEO of Amazon Web Services, speaks at the WSJD Live conference on October 25, 2016 in Laguna Beach, California.

Mike Blake | Reuters

Incoming Amazon CEO Andy Jassy, ​​who has headed the company’s cloud business for 15 years, revealed its successor at Amazon Web Services in a memo to the employees. Adam Selipsky, former managing director of Amazon and currently CEO of ForeclosureTableau, a proprietary maker of data visualization software, was selected to lead the AWS division.

5. Elon Musk Says People Can Now Buy A Tesla Using Bitcoin

Tesla, led by Elon Musk, confirmed it bought around $ 1.5 billion worth of bitcoin in January and expects it to be accepted as payment in the future.

Artur Widak | NurPhoto | Getty Images

Elon Musk announced late Tuesday that it is now possible to buy Tesla Vehicles in the US with Bitcoin. “You can now buy a Tesla with Bitcoin” tweeted CEO Musk, who was officially named “Technoking of Tesla” this month. People outside the US can buy a Tesla with them Bitcoin “Later that year,” Musk said without specifying which countries. The electric car maker announced in February that it had bought $ 1.5 billion worth of Bitcoin. At the time, Tesla said it would soon start adopting the largest and most popular in the world Cryptocurrency as a means of payment.

– Get the latest information on the pandemic CNBC’s coronavirus blog.