Know these 5 things before the stock market opens on Tuesday

S&P 500 Futures Tuesday mornings were low, as Wall Street resumed trading after the Memorial Day holiday. Stocks posted strong gains last week, losing streaks for seven weeks S&P 500 And Nasdaq Composite and the eight-week slide for Dow Jones Industrial Average, The S&P 500 and Dow rose 6.5% and 6.2%, respectively, their best weekly advance since November 2020. The tech-heavy Nasdaq was the best-performing major US stock index last week, rising 6.8%. The stock was aided by quality retail earnings and the Federal Reserve’s preferred inflation measure late last week. Suggested price pressure eased somewhat in April, In this four day trading week, sales force And Hewlett Packard Enterprise Headline the earnings calendar, while the May jobs report is due out Friday.

The US Treasury yield climbed on Tuesday, with the yield on the benchmark 10-year note rising 10 basis points to 2.855%. By 7:20 am, 10 year treasury note The yield was around 2.812%. Bond yields move inversely to prices. Action in the bond market has taken place according to the early data of May Euro area inflation hits another record high And oil prices rose.

Investors were also digesting Federal Reserve Governor Christopher Waller’s comments on Monday, who said in the speech He supports the central bank taking interest rates above neutral by the end of this year. The so-called neutral rate is the level at which Fed policy neither restricts nor supports economic growth.

Crude oil prices rise on Tuesday, as EU leaders struck a deal late Monday to ban nearly 90% of Russian oil imports by the end of the year. US benchmark West Texas Intermediate crude futures for July climbed over 3%, trading as high as $119.43 a barrel. The August contract for the international benchmark Brent crude rose nearly 1.65% to $119.54 per barrel. The EU’s latest sanctions package, which still needs to be finalised, is the bloc’s sixth target on Russia to target Russia. invasion of ukraine At the end of February. According to EU estimates, about three-quarters of Russia’s crude oil imports will be affected immediately, rising to 90% by the end of the year. A Russian official said that Moscow Will “find other importers” for its oil In response to a partial ban by the European Union.

of shanghai coronavirus A lockdown was lifted on Wednesday after two months of restrictions that crippled life in China’s most populous city, angering residents and disrupting the world’s second-largest economy. According to Reuters, about 22.5 million people living in low-risk areas will see their strict Covid restrictions lifted on Wednesday. Although gyms and movie theaters will remain closed for now, stores can operate at 75% capacity, The Associated Press reported. Full service of public transport will resume on buses and subways. Shanghai’s lockdown came as part of China’s so-called zero COVID policy.