5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

1. Stocks set to rise after last week's bitcoin-driven swings as tech names in Monday's premarket trading shook off another rough stretch for over the weekend. The and dropped roughly 0.5% each last week. For the S&P 500, that was its first back-to-back weekly losses since February. The bucked the downdraft last week, with a 0.3% advance. In the last trading week of May, ahead of next Monday's Memorial Day stock market holiday closure, the Dow was up about 1% for the month and the S&P 500 was down 0.6% for the month. The Nasdaq down 3.5% as the biggest loser in May. 2. Bitcoin attempts a positive start to the week after wild plunges on Monday to around $38,000 after last week's wild ride extended into the weekend. The price of plunged to less than $32,000 on Sunday. Last Wednesday, the world's biggest cryptocurrency saw a single-day collapse of as much as more than 30% to just above $30,000 per coin. Bitcoin hit an all-time high of nearly $65,000 in April. The recent selling has been a major reversal for the cryptocurrency, which appeared to be gaining traction among major Wall Street banks and publicly traded companies. This month,