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

Here are five important things investors should know before starting the trading day.

All three major stock indexes started the second half of the year on a strong note, posting gains in Monday’s trading session. Nasdaq Composite Index It closed at a new record high of 17,879.30, up 0.83%. S&P 500 And that Dow Jones Industrial Average Stock indexes also rose, with the Dow Jones Industrial Average up 0.27% and the NASDAQ rising 0.13%.Tech stocks have also risen since the start of the second half, rising 1.3%. Microsoft, apple And the AI ​​darling NVIDIA They rose 2.2%, 2.9% and 0.6% respectively. Follow our live market updates.

Paramount Global Paramount is in merger talks, and executives at the company are actively meeting with executives from other media and technology companies to discuss merging Paramount+ with another streaming company and co-owning the platform, according to people familiar with the matter. Warner Bros. Discovery They have expressed interest in striking a deal because the combination of Max and Paramount+ could make them more competitive with various platforms. Disney – Specifically, Disney+, Hulu, and ESPN – Other platforms include: NetflixThe deal follows preliminary merger talks between Warner Bros. and Discovery earlier this year, and if completed, could lead to other streaming alliances across the media industry.

The Boston Celtics may soon be up for sale. The team’s ownership group has announced plans to sell, with the group’s controlling family saying they plan to sell their entire stake in the team due to “legacy and family planning considerations.” The majority stake sale is expected to close by the end of this year or early next year, with the remainder of the sale expected to close in 2028, according to the statement. Combined with the cost of the sale and sports media rights, the valuation could approach or exceed the record $4 billion reached by the NBA’s Phoenix Suns in 2023.

Apparently, Salesforce The company may not get its compensation plan. Investors voted against the plan after a shareholder advisory group raised concerns about stock awards given to CEO Marc Benioff. According to a regulatory filing on Monday, 339.3 million votes were cast in favor of approving the plan, while 404.8 million voted against. This was despite the board encouraging shareholders to support the resolution. However, two shareholder advisory firms, Glass Lewis & Co. and Institutional Shareholder Services, argued for the resolution to be invalidated. Earlier this year, the board’s compensation committee granted Benioff a second long-term stock award of $20 million, citing the company’s strong performance, among other reasons.

The Supreme Court has sided with Donald Trump. In a 6-3 decision on Monday, the court ruled that the former president has “presumed immunity” for official acts he performed as president, which puts a strain on the election interference lawsuit brought by special counsel Jack Smith. But the former president does not have immunity for “unofficial acts,” the court ruled, and the majority further specified that “not all presidential acts are official.” As a result, the case is being remanded to U.S. District Judge Tanya Chutkan, eliminating any possibility that the criminal case against Trump could go to trial before the November 5 election.

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

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