5 things to know before stock markets open on Friday, October 25

Here are five key things investors should know to start the trading day:

1. Profit and Loss

The S&P 500 Thursday staged a comeback, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavy Nasdaq composite rose 0.76%. The Dow Jones industrial average lost 140.59 points, or 0.33%, to end its first four-day losing streak since June. Treasury yields edged lower, easing slightly after hitting a three-month high on Wednesday. Follow live market updates.

2. Tabs-try again

Coach and Michael Kors bags.

Michael M. Santiago | Good pictures

Coach owner Tapestry’s proposed acquisition of Michael Kors’ parent Capri Not in the bag. A federal judge on Thursday blocked an $8.5 billion merger that would have brought together two of America’s biggest luxury houses with names like Kate Spade, Versace and Jimmy Choo. Tapestry said it has not given up and will appeal the order. The judge’s reasoning was not immediately clear, but the move follows a brief hearing in New York last month where the FTC argued that the proposed union would harm competition, lead to higher prices and reduce employee benefits. After the order was released, Capri’s stock fell about 50%, while Tapestry’s stock rose 10%.

Elon Musk, CEO of SpaceX and Tesla and owner of the X, speaks during the Milken Conference 2024 global conference sessions at the Beverly Hilton in Beverly Hilton, California, United States on May 6, 2024.

David Swanson | Reuters

Tesla Party like it’s 2013. Shares of the company saw their best day since May 2013 on Thursday, rising 22% to close at $260.48. The rally came a day after the company reported better-than-expected earnings and CEO Elon Musk predicted auto growth that beat analyst expectations. The rally was the electric automaker’s second-best day on the stock market, boosting Musk’s net worth by about $26 billion.

4. Microsoft CEO Pay

Satya Nadella, Executive Chairman and CEO of Microsoft Corporation, speaks during the “Microsoft Build: AI Day” event on May 1, 2024 in Bangkok, Thailand.

Chalinee Thirasupa | Reuters

Microsoft CEO Satya Nadella asked for a pay cut, but his total compensation for fiscal 2024 has increased by 63%, or more than $30 million. He earned $79.1 million in the fiscal year ended June 30, according to the proxy filing, but most of his compensation is in stock. After a series of cyber attacks sparked criticism from the US government, Nadella requested that the cash portion of his compensation be reduced to reflect the security concerns. The company is also considering how rank-and-file employees contribute to safety efforts for their compensation.