5 Things You Should Know Before the Stock Market Opens on Monday, March 25th

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

1. Wall Street to open lower after Friday’s sharp declines

Traders work on the floor of the New York Stock Exchange on March 30, 2022 in New York City.

Michael M Santiago | Getty Images

US stock futures pointed to sharp declines on Wall Street to start the new week after Friday’s plunge. Concerns over how aggressively the Federal Reserve will be raising interest rates to fight inflation intensified, sending the Dow Jones Industrial Average down 981 points, or 2.8%, for the fourth consecutive negative week. The S&P 500 and Nasdaq suffered similar losses, falling about 2.8% and 2.6%, respectively, for their third consecutive negative week. The Nasdaq closed in bear market territory on Friday. The 10-year Treasury yield fell over 2.9% on Monday from last week’s highs in late 2018.

2. Oil, Chinese stocks plummet as lockdown continues in Shanghai

Residents of a so-called containment building look out from their balconies April 24, 2022 in Shanghai, China as the city battles its worst Covid outbreak since the pandemic began.

CFOTO | Future Publishing | Getty Images

3. Coca-Cola’s winning streak leads to its highest-grossing earnings week

Bottles of Coca-Cola products are displayed in a cooler at Colonial Liquors on February 10, 2022 in Corte Madera, California.

Justin Sullivan | Getty Images

Coca-Cola reported quarterly profits and revenue ahead of Monday’s opening bell that beat expectations as consumers drank more of its branded soda, Powerade and other beverages. Dow stock is up nearly 2% premarket. Despite shutting down its Russian business, Coca-Cola reiterated its full-year sales and earnings outlook. This week is the busiest of the earnings season. About 160 companies in the S&P 500 are expected to report, including megatech names Amazon, Apple, Google parent Alphabet, Facebook parent Meta Platforms and Microsoft.

4. Twitter jumps 5% on reports it’s ready to accept Elon Musk’s offer

Elon Musk’s Twitter account can be seen through the Twitter logo in this April 25, 2022 illustration.

Dado Ruvic | Reuters

Twitter shares rose 5% in premarket after reports from Bloomberg and Reuters that the social media company could strike a deal with Elon Musk as early as today. Earlier this month, Musk offered to buy Twitter, which became more receptive after the Tesla and SpaceX CEO announced $46.5 billion in secured funding. Twitter’s board of directors met Sunday to discuss Musk’s funding plan for his proposed bid, a source close to the situation told CNBC. According to the New York Times, the board negotiated with Musk until the early hours of Monday morning.

5. US promises more military aid to Ukraine if officials visit

Ukrainian President Volodymyr Zelenskyy attends a meeting with U.S. Secretary of State Antony Blinken and U.S. Secretary of Defense Lloyd Austin as Russia’s attack on Ukraine continues April 24, 2022 in Kyiv, Ukraine. Picture taken on April 24, 2022.

Ukrainian Presidential Press Service | Reuters

US Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin visited Ukraine on Sunday to discuss military aid with Ukrainian President Volodymyr Zelenskyy. At the secret meeting in Kyiv, the high-level visit by US officials to Ukraine since the invasion began, America pledged just over $700 million in military funding to help Ukraine and other involved allied countries in Central and Eastern Europe the war effort. Russia’s invasion of Ukraine entered its third month on Sunday.

— CNBC’s Sarah Min, Abigail Ng, Amelie Luke, Jessica Bursztynsky, Natasha Turak, Holly Ellyatt and Reuters contributed to this report.

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https://www.cnbc.com/2022/04/25/5-things-to-know-before-the-stock-market-opens-monday-april-25.html 5 Things You Should Know Before the Stock Market Opens on Monday, March 25th

Gary B. Graves

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