Today is September 7.
It's also iPhone 7 Day.
But there are only 5 things you need to know before the opening bell rings in New York:
1. All eyes on Apple: Apple (AAPL,Tech30) is set to unveil its latestsmartphone at an afternoon event. Much of the focus is on whether the iPhone 7 will be compatible with standard headphones or require customers to buy new ones.
Apple shares could have a bumpy rideas the event gets underway and investors react to product announcements
2. Chomping on Chipotle: Investors are trying to gobble up shares in Chipotle(CMG) after activist investor Bill Ackman bought a 9.9% stake in the company through his hedge fund, Pershing Square. Shares are up about 6% in extended trading.
In a public filing, Pershing described Chipotle as "undervalued" and "an attractive investment."
3. Earnings and Economics: It's a light day for earnings. After the market closes, HP Enterprises (HPE, Tech30)will post its quarterly results, alongside Canadian tea company, DavidsTea(DTEA), which listed on the stock market last year.
The Federal Reserve will release its Beige Book for September at 2 p.m. ET, which will give detailed information about the state of the U.S. economy
4. Global market overview: U.S. stock futures are holding steady andEuropean markets aren't making any major moves in early trading.
Even Asian markets, which tend to be more volatile, are closing out the day with minimal changes
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