5 things to know before the stock market opens Wednesday, April 17 [Video]

Here are the most important news items that investors need to start their trading day:

1. Choppy day

The S&P 500 shed 0.21% Tuesday after Federal Reserve Chair Jerome Powell said inflation has not come down to the central bank’s goal, suggesting that interest rate cuts are not expected anytime soon. “More recent data shows solid growth and continued strength in the labor market, but also a lack of further progress so far this year on returning to our 2% inflation goal,” Powell said at a panel discussion Tuesday afternoon. The Nasdaq Composite slipped 0.12% during a choppy afternoon for stocks as Powell spoke. The Dow Jones Industrial Average bucked the trend and rose 0.17%, lifted by UnitedHealth which reported better-than-expected revenue for the first quarter. Follow live market updates.