A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, February 17, 2023.

Brendan McDermid | Reuters

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

1. Taking some lumps

The market came back from the three-day weekend in bad shape. The three major indices each fell by at least 2% on Tuesday, with the Nasdaq dropping the most. The Dow is now in negative territory for the young year, which had looked so promising at first. Bond yields rose as investors weighed what the Federal Reserve might do next while they also digested muted outlooks from two top retailers (see below). They should get some clues later Wednesday, when the Fed releases the minutes from its previous policy-setting meeting. Follow live markets updates.

2. Anger at Amazon

3. ‘I’m drinking the water here’

4. Caution ahead

5. Cream, sugar … olive oil?

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