"Key Pre-Market Insights for Wednesday's Stock Market Opening"

The stock market is experiencing volatility due to rising interest rates, with all three major indices falling more than 1% on Tuesday. In Washington, the House of Representatives removed Kevin McCarthy from the speaker's office, causing uncertainty in Congress. Intel plans to spin off its programmable chip business through an IPO in the next three years. General Motors reported a 21.4% YoY increase in sales for Q3, despite ongoing strikes by United Auto Workers. Mortgage demand has hit a 27-year low due to higher interest rates, exacerbating affordability issues in the housing market.