5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. S&P 500 set to open higher after narrowly avoiding a bear market close rose 350 points Monday after the logged its first eight-week losing streak since 1923. The and the posted seven straight losing weeks. 2. Bond yields move higher as traders wait for this week's Fed minutes Bond prices went lower and Monday as stocks made gains in the premarket. The was trading around 2.8%, under the key psychological level of 3%, which was breached for the first time since late 2018 earlier this month. It's been back and forth above and below that mark for weeks on concern the 's gradual approach to slow down the economy with interest rate hikes and balance sheet run-offs won't be enough to get inflation under control. 3. Biden says he would defend Taiwan militarily if China were to attack President on Monday said he'd be to defend Taiwan, prompting gratitude from the democratic, self-ruled island but sharp criticism from China. In Japan, the second stop in his first trip to Asia since taking office, Biden said he doesn't expect China to attack Taiwan despite stepping up military provocations in recent years. The U.S. has traditionally avoided making such explicit security