5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

1. S&P 500 futures are lower after snapping long losing streak were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the and and an eight-week slide for the . The S&P 500 and Dow rose 6.5% and 6.2%, respectively, their best weekly advances since November 2020. The tech-heavy Nasdaq was the best-performing major U.S. stock index last week, gaining 6.8%. Stocks were aided in the latter part of last week by quality retail earnings and the Federal Reserve's favorite inflation measure . In this four-day trading week, and headline the earnings calendar, while the May jobs report is due out Friday. 2. Bond prices fall, 10-year yield tops 2.8% U.S. Treasury yields climbed Tuesday, with the yield on the benchmark 10-year note rising as high as 10 basis points to reach 2.855%. As of 7:20 a.m. ET, the  yield stood around 2.812%. Bond yields move inversely to prices. The action in the bond market came as preliminary data for May showed and oil prices rose. Investors also were digesting comments Monday from Federal Reserve Governor Christopher Waller, he supports the central bank taking