5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. Nasdaq futures over drop 2% as stocks continue to sell off was poised again Monday, with futures tied to the tech-heavy index dropping 2%. Rising bond yields continued to pressure stocks as traders maintained their revolt against the Federal Reserve, doubting it can get inflation under control. Two key inflation reports are out Wednesday and Thursday. Futures trading pointed to a 400-point, or 1.3%, fall at the open for the and a 1.7% decline for the S&P 500. 2. Bond yields push higher with traders doubting the Fed on inflation The benchmark on Monday , after going above 3% last week for the first time since late 2018. 3. Bitcoin drops under $33,000, still linked to tech stocks Bitcoin plunged over the weekend and dropped another 5% on Monday, going below $33,000 as the world's largest cryptocurrency remained correlated to tech stocks and the Nasdaq. 4. Oil slips but prices remain high in a demand-supply tug of war Monday alongside stocks, weighed down by a strong dollar and demand concerns as Covid lockdowns continued in China, the world top oil importer. It seems like worries about demand were winning out to start the week after supply concerns about Europe's