May 18, 2022

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5 things to know before the stock market opens on Monday, April 4

5 things to know before the stock market opens on Monday, April 4

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

1. Wall Street looks steady. Principal margins on Treasuries remain inverted

Traders on the floor of the New York Stock Exchange, March 31, 2022.

Source: NYSE

US stock futures Monday was mixed, with heavy technology Nasdaq Looking modestly higher. Twitter Shares jumped nearly 22% in the pre-market after Elon Musk He revealed a large stake in the social media company. Second Quarter Wall Street got off to a positive start on Friday, which was also the first day of April. Historically, April has been the best month of the year for stocks, as Standard & Poor’s 500 Gain 1.7% on average. The first quarter, which ended on Thursday, was the worst three months in two years, which included covid pandemic Its lowest levels were in late March 2020.

Principal Bond Yield Margins On Monday – 2/10 years and 5 years / 30 year – it remained inverted, a market distortion that occurred before previous economic downturns. Bond yields rose on Friday. But the real strength was among short-term Treasuries as traders were concerned that weaker-than-expected but still strong job growth in March could give the Federal Reserve the green light to get bolder with its rate-raising cycle.

Oil prices in the United States jumped 3% on Monday, It’s still really around $100 a barrel As supply concerns persist due to the turmoil caused by the Ukraine-Russia war. Crude oil fell 13% last week after the United States announced that it would release 1 million barrels per day of Strategic Petroleum Reserve for six months starting in May to help combat rising energy costs.

2. Twitter shares soared after Elon Musk took a big stake in the social network

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China on August 29, 2019.

on the song | Reuters

frank musk Tesla and CEO of SpaceX and the richest person in the world, Become the largest external contributor to Twittershortly after criticizing the social network for what he said was its own Fall into freedom of speech. According to a regulatory filing, Musk owns approximately 73.49 million shares in Twitter.

That’s a 9.2% stake, valued at $3.6 billion based on Twitter’s initial market increase to over $49 per share. While the deposit was classified as a negative stake, investors were bidding on the company’s stock in the hope that it would lead to something more.

  • Over the weekend, Tesla reported Q1 Electric vehicle delivery from 310,048, slightly lower than estimates but 67% more than last year. Model 3 and Model Y cars accounted for 95% of the first quarter numbers. The deliveries are the closest approximation to the sales numbers Tesla reported.

3. Starbucks Ends Share Buybacks With Howard Schultz Returns As Interim CEO

Howard Schultz

Pierre Marco Taka | Getty Images

Starbucks Shares fell nearly 4% after the coffee chain suspended its share buyback program. Howard Schultz who will return as interim CEO of Starbucks, Written in a letter to employees: “Starting immediately, we will suspend our share buyback program. This decision will allow us to invest more profits in our employees and stores – the only way to create long-term value for all stakeholders.”

  • With Schultz currently steering the ship, his third term at the helm, Starbucks said it is looking for a permanent CEO after Kevin Johnson’s retirement.

4. Jamie Damon highlights three forces that could shape the world

JP Morgan CEO Jamie Dimon speaks at the CEO Club luncheon at Boston College in Boston, Massachusetts, US, November 23, 2021.

Brian Snyder | Reuters

Jimmy DamonThe CEO and Chairman of the Board of Directors of the largest US bank by assets, pointed to a potentially unprecedented array of risks facing the country in Annual shareholder letter. JP MorganDimon wrote that three forces are likely to shape the world over the next several decades: the US economy recovering from the pandemic; high rates of inflation that will enter the era of high prices; The Russian invasion of Ukraine and the resulting humanitarian crisis. Dimon also said he believed the US was in the midst of a boom that could “easily” continue into 2023.

5. Ukrainian President Volodymyr Zelensky accuses Russia of genocide

Ukrainian President Volodymyr Zelensky speaks during a speech condemning what he says are war crimes committed by Russian forces in settlements around the Ukrainian capital, as Russia’s offensive on Ukraine continues, in Kyiv, Ukraine April 3, 2022.

Ukrainian Presidential Press Service | Reuters

Ukrainian President Volodymyr Zelensky Accused Russian forces committed genocide, saying on Sunday morning that its people were “being destroyed and exterminated”. Zelensky’s comments came in the wake of the devastation in Bucha, a town 23 miles northwest of the capital, Kyiv, which had been liberated by Ukrainian forces. In a video shown during Sunday night’s Grammy Awards, Zelensky appealed to artists to support Ukraine.

  • The United States and its European allies Getting ready for taxes More sanctions on Russia after mounting evidence of war crimes committed by its forces in Ukraine.
  • Russia’s chief negotiator said talks on a draft peace treaty would resume on Monday, but stressed that the Kremlin’s position on the annexed Crimea and the breakaway parts of the Donbass region had not changed.

CNBC correspondents Samantha SobinAnd the Peppa StevensAnd the Vicki McIverAnd the Fred AmbertAnd the Laura KolodnyAnd the Hyo Soon And the Natasha Turak The Associated Press and Reuters also contributed to this report.

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