5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

1. Wall Street set to wrap up strong month but weak quarter were little changed Thursday as bond yields and oil prices dropped. Major international oil producers in OPEC+ stuck to a modest crude oil output hike after their meeting amid reports the U.S. was considering releasing supply from its strategic oil reserves. On Wednesday, the and the broke four-session winning streaks and the dropped for the first time in three days. With one day left in March, all three stock benchmarks were . However, as the wild first quarter comes to an end, Wall Street was tracking for a rough first three months of 2022. 2. Oil sinks after slight OPEC+ output hike, reports of U.S. crude release , the U.S. oil benchmark, fell 6% to around $101 per barrel Thursday even after OPEC+ output targets by 432,000 barrels per day. Energy analysts had widely expected the group to rubber-stamp another modest increase. Meanwhile, President is set to give remarks Thursday, with saying he'll detail plans to release 1 million barrels of oil per day for several months from America's Strategic Petroleum Reserve. 3. Yield spreads remain tight after hot inflation, moderate jobs data Thursday, but key spreads —