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5 things to know before the stock market opens Tuesday, Oct. 12

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street looks to avoid a 3-session losing streak

Traders on the floor of the New York Stock Exchange, Oct. 6, 2021.

Brendon McDermid | Reuters

2. House to vote on short-term debt ceiling deal

The House is set to vote Tuesday to approve a short-term debt ceiling hike, sending the measure to President Joe Biden for his signature. The $480 billion compromise increase will allow the federal government to pay its bills until early December. It cleared the Senate last week in a party-line Democratic vote. The standoff over an Oct. 18 deadline ended when Senate GOP leader Mitch McConnell agreed to help pass the short-term increase. But he insists he won’t do it again. McConnell wants Democrats to use their slim majorities on Capitol Hill to act alone on the debt ceiling through the reconciliation process.

3. Southwest Airlines cancels dozens more flights

Travelers wait to check in at the Southwest Airlines ticketing counter at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland.

Kevin Dietsch | Getty Images

4. GOP Texas governor prohibits Covid vaccine mandates

5. Jamie Dimon says he thinks ‘bitcoin is worthless’

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