5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. Wall Street to open lower after Nasdaq's worst week since March 2020 dropped Monday, indicating more steep losses to start the new week following the Nasdaq's and the S&P 500's , just after the Covid pandemic was declared. For last week, the lost 7.6% and the shed 5.7%, logging four- and three-week losing streaks, respectively. The lost 4.6% last week, its worst weekly performance since October 2020 and its third straight weekly decline. The Nasdaq was firmly in correction territory, down 14% from its November record close. The S&P 500 and the Dow were down 8% and 7% from their record closes earlier this month. 2. Fed meets this week with tightening moves in focus as inflation surges The Monday continued to retreat from last week's spike to January 2020 highs. The 10-year yield after topping 1.9% on Wednesday as investors focused on the Federal Reserve's for raising interest rates and broadly tightening monetary policy as inflation persistently increases. The Fed holds its two-day January meeting Tuesday and Wednesday. The first of the four rate hikes the market sees this year is expected in March. 3. Bitcoin, ether sink as world's two biggest cryptos cut in half since 2021