5 things to know before the stock market opens on Friday, February 18

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street looks unchanged after the worst day of the year for the Dow.

Traders on the NYSE floor, February 17, 2022

Source: New York Stock Exchange.

2. Investors worried about the Russian-Ukrainian crisis are investing in bonds

3. Russia announces nuclear exercises as US warns of Ukraine invasion

Russian President Vladimir Putin holds a meeting with members of the Security Council via video link at the state residence Novo-Ogaryovo near Moscow, Russia February 18, 2022.

Mikhail Klimentiev | Satellite | via Reuters

Moscow announced a massive exercise of its nuclear forces on Friday amid rising East-West tensions, with the US issuing some of the sharpest and most detailed warnings about how a Russian invasion of Ukraine could develop. A day earlier, President Joe Biden’s voice sounded unusually grim when he warned that Washington was not seeing signs of a promised Russian troop withdrawal, but instead was seeing an increase in troop concentrations. The US has warned that Russia could use false claims, including allegations of a conflict in eastern Ukraine, as a pretext to invade. Meanwhile, the Ukrainian government and Russian state media traded new allegations of violating the ceasefire.

4. Chamath Palihapitiya, who launched Virgin Galactic, leaves the board of directors

Chamat Palihapitiya

Olivia Michael | CNBC

Virgin Galactic said on Friday that venture capitalist Chamath Palihapitiya would have retired from his roles as chairman and board member of the space company to focus on other corporate commitments. Last year, Palihapitiya confirmed that he had freed up some capital by selling shares in Virgin Galactic. Shares of Virgin Galactic rose slightly in premarket trading but closed down 10% in the previous session. The stock, which Palihapitiya helped list more than two years ago in a SPAC deal, has fallen about 80% in the past 12 months. Richard Branson’s Virgin Galactic fell to nearly $7 a share a few months after its debut and surged to $62.80 in February 2021.

5. Movers: Roku, Shake Shack Crash After Posting Weaker Predictions

Remote Roku Inc. in an arranged photo in Hastings-on-Hudson, New York on May 2, 2021.

Tiffany Hagler-Greer | Bloomberg | Getty Images

A masked man outside the Shake Shack innovative kitchen in Greenwich Village as the city continues Phase 4 of its reopening following restrictions put in place to slow the spread of the coronavirus September 27, 2020 in New York City.

Noam Galai | Getty Images

Shares of Shake Shack tumbled about 15% in premarket trading after the burger chain forecast current-quarter revenue below estimates as the rapidly spreading variant of Covid omicron scared away patrons and led to temporary restaurant closures. Shake Shack said after Thursday’s call that sales for the just-completed quarter were in line with estimates and the loss per share was smaller than expected.

— The Associated Press and Reuters contributed to this report. Login Now for CNBC investment club Follow every move in Jim Cramer’s stock. Follow the wider market action like a pro on CNNBC Pro.

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