5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. Dow set to drop nearly 700 points in global market sell-off Monday, with Dow futures' decline of nearly 700 points, or nearly 2%, leading the way lower in the United States. A number of emerging investment risks led to the widespread selling. 2. Evergrande troubles could spread beyond China With Evergrande on the brink of collapse, the potential fallout could have far-reaching implications beyond China. After expanding rapidly for years and snapping up assets as China's economy boomed, Evergrande is now snowed under a crushing debt of $300 billion. Evergrande, the owner of more than 1,300 real estate projects in over 280 cities in China, said its escalating troubles could lead to broader default risks. 3. Yellen issues new call for increasing debt ceiling U.S. Treasury Secretary issued another plea to Congress to raise the federal debt ceiling. Sunday, Yellen said failure to do so would lead to a first-ever U.S. default and a historic financial crisis that would compound the damage from the Covid pandemic. Yellen, chair of the Fed before Powell, said last week that the Treasury would exhaust its emergency efforts to make payments on debt already incurred sometime in October. 4. Bond yields, oil, cryptocurrencies