5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. Stocks set to bounce after Wall Street's losing week to take premarket increases into Monday's open after a rough session Friday, led lower by the 's nearly 2.5% decline. The Nasdaq and the logged their but held the bulk of the prior week's respective 6.8% and 6.6% gains. The dropped for its ninth week out of the last 10 but also kept more of the prior week's more than 6.2% advance. 2. Average gas prices in the U.S. creep toward $5 per gallon Whether the U.S. has seen peak inflation or not, the surge in gas prices is showing no signs of abating. The national average at the pump reached as of Monday, according to AAA. California continued as the highest of any state, with gas costing an average of $6.34 per gallon there. The reasons for the dizzying increases: more demand ahead of the summer driving season and a continued to rise in oil prices. In fact, and traded to around $120 per barrel as whether a 50% increase in OPEC+'s monthly output target would help ease tight supply. 3. Chinese ride giant Didi surges after report about ending probes Shares of Chinese ride-hailing giant surged more than