5 things to know before the stock market opens on Wednesday

Bond yields continued to rise sharply around the world yesterday, keeping investors on edge. of 30 years US Treasury Yields hit new records, with comparable products in Germany and France rising to levels not seen in more than a decade.

Here’s what you need to know:

Tariff refunds continue to boost corporate profits. target said this morning that the refunds boosted its second-quarter net income by $752 million, which, combined with strong sales, led the retailer to raise its full-year outlook.

lowe’s The company also said the tariff rebate helped boost its earnings per share by 11 cents, but the company gave a gloomy outlook for the year due to “pressure” from DIY spending. The home improvement retailer’s second-quarter sales also fell short of analysts’ expectations, sending its stock down more than 3% in premarket trading.

For those keeping track of scores: home depot The stock closed slightly lower yesterday despite beating Wall Street expectations. Next walmartthe nation’s largest grocer and private employer, will report its earnings tomorrow.

President Donald Trump announced late last night that he was suspending plans for 50% tariffs on certain Canadian products that were scheduled to begin at midnight. He said the countries had reached an agreement and the mission would be postponed for three days “subject to the completion of the documentation.”

President Trump and Canadian Prime Minister Mark Carney met Tuesday as the deadline approached. If new tariffs had been imposed, the United States would have imposed a 50% tariff on Canadian imports, including hockey sticks and wine.

Dan Kelly, president of the Canadian Federation of Independent Business, told CNBC that a 50 per cent tariff would make products “uneconomic to sell.” Many of his group’s members said the import tax would have “stopped” their sales in the United States.

With new car sales showing signs of softening, auto dealers are focusing more on their parts and service businesses.

Kerrigan Advisors found that the average dealer’s parts and service department gross profit increased from $3.3 million in 2020 to $5 million in 2025. As CNBC’s Robert Ferris reports, dealers are turning to the parts and service sector at a time when consumers are less likely to buy vehicles. As such, this sector of the auto industry is relatively well hedged compared to traditional automakers.

Still, there are risks for dealers. Chain repair shops have been gaining market share as consumers perceive them as a cheaper alternative to dealerships.

very soon american airlines Nearby planes: seatback screens. The airline plans to add displays to most of its narrow-body planes starting in 2028.

As CNBC’s Leslie Josephs reports, American Airlines debated for months whether to bring back the screens. Yesterday’s announcement marked a reversal from the airline’s previous position that screens were not worth the added cost or weight.

But Heather Gerboden, American’s chief customer officer, told CNBC that the technology is “much more advanced than when we made this decision more than 10 years ago.” She declined to say how much it would cost Americans.

The Cyclospora outbreak has completely changed lunchtime for American businesses, forcing salad companies to adjust their marketing. what is this sweet green CEO Jonathan Neiman said the following about his company’s response to the spread of infection.

—CNBC’s Chloe Taylor, Jessica Dicker, Sarah Agostino, Jeff Cox, Matt Peterson, Joseph Wilkins, Sean Conlon, Laya Neelakandan, Ashlee Trujillo, Kevin Breuninger, Lim Hui Jie, Robert Ferris, Leslie Josephs and Renee Onque contributed to this report.

Josephine Rozzelle edited this version.