5 Things to Know Before The Stock Market Opens

News of the day for December 27, 2023

By
Terry Lane
Terry Lane
Full Bio
Terry has 25 years experience in journalism and communications, reporting on a range of topics that include personal finance, telecommunications, Congress, government regulations, and criminal justice. He has also worked on technology, energy, and environmental policy issues as a congressional press secretary and owned and published a local community newspaper in North Carolina.
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Published December 27, 2023
Apple Watches on Display at Apple Store in NYC

Jeenah Moon / Bloomberg / Getty Images

An Apple design executive departs as the company is fighting a ban on sales of certain Apple Watch models, while Tesla is ready to launch a revamped version of its Model Y from its Shanghai plant. Here’s what investors need to know today.

1. Apple In The Spotlight As Executive Leaves While Company Fights Watch Sales Ban

Apple (AAPL) executive Tang Tan, the design leader for the iPhone and Apple Watch, is leaving the company to join the firm led by former Apple designer Jony Ive. The news comes as Apple is pushing back against a ban on the sale of certain models of Apple watches in the U.S after the Biden Administration’s decision yesterday not to intervene in the matter. Apple shares were almost unchanged in pre-market trading at 7:45 a.m. ET.

2. Tesla to Launch Revamped Model Y from Shanghai Plant

Tesla (TSLA) will reportedly launch a revamped version of its Model Y from its plant in Shanghai, making changes to the interior and exterior of the electric vehicle (EV), with production expected to begin in 2024. The move comes after Tesla in October raised prices in China on both the Model Y and Model 3. Tesla shares were up 0.3% in pre-market trading.

3. ‘Color Purple’ Helps Warners Bros. Discovery Take Top 3 at Weekend Box Office

Movie studio  Warner Bros. Discovery (WBD) had the second-highest Christmas Day opening in history as “The Color Purple” took in $18.15 million. Along with ticket sales from “Aquaman and the Lost Kingdom” and “Wonka,” Warner Bros. Discovery had the top-three movies of the Christmas weekend. Shares of Warner Bros. Discovery were flat in pre-market trading.

4. NetEase, Chinese Gaming Companies Trade Lower on Worries over Regulator Proposal

Investors will be watching Chinese gaming stocks after Chinese regulators said they would review a set of recently-proposed rules aimed at curbing online gaming and spending. The proposal sent shares of NetEase (NTES), Tencent (TCEHY) and other Chinese gaming companies sharply lower on Friday before rebounding in Hong Kong trading as Chinese regulators said they would solicit more opinions on the controversial proposal. American depositary receipts (ADRs) of NetEase were 4% lower in the pre-market Wednesday.

5. SoftBank Group Announces Receipt of $7.6 Billion T-Mobile Shares

Shares of T-Mobile US (TMUS) traded slightly higher in pre-market trading after Japanese tech conglomerate SoftBank Group (SFTBY) said it would receive $7.6 billion in shares of the telecom company. The deal was part of the conditions behind SoftBank’s U.S. telecom Sprint’s merger with T-Mobile.

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Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Reuters. “Apple's iPhone design head to work with Jony Ive at LoveFrom - Bloomberg News.”

  2. Reuters. “Tesla to roll out revamped Model Y from Shanghai plant - Bloomberg News.”

  3. CNBC. “'The Color Purple' wins the holiday box office with second-highest Christmas debut of all time.”

  4. CNBC. “Tencent, NetEase shares rebound after China regulator's assurance on new online gaming rules.”

  5. Reuters. “SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar.”

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