5 things to know before the stock market opens on Friday, May 6

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

1. Futures fall after the worst day for the Dow and Nasdaq since 2020.

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, May 5, 2022.

Andrew Kelly | Reuters

2. Job Growth Accelerated in April: Non-Farm Jobs Better Than Expected

3. Oil jumps as EU considers sanctions against Russian oil; bitcoin is sinking

Drilling rigs are not in use at the company’s Permian Basin site on March 13, 2022 in Odessa, Texas. US President Joe Biden has imposed a production ban on Russian oil, the world’s third-largest oil producer, which could mean oil producers in the Permian Basin will have to produce more oil to meet demand.

Joe Radle | News Getty Images | Getty Images

Bitcoin is a volatile asset and has been known to fluctuate more than 10% up or down in a single day.

Jakub Pozhitsky | Nurfoto | Getty Images

Bitcoin fell below $36,000 on Friday, a day after Wall Street’s sharp fall. The world’s largest cryptocurrency, touted by supporters as a hedge against inflation, continued to correlate with the Nasdaq, falling or rising along with tech stocks. Bitcoin is down nearly 50% from its all-time high of over $68,000 in November, with risky assets falling in 2022 due to rising inflation, Russia’s war in Ukraine, and the Fed’s tightening policy.

4. The FDA is restricting the use of the J&J Covid vaccine due to the risk of blood clotting.

Licensed professional nurse Eloise Flores prepares a dose of the Johnson & Johnson Janssen Covid-19 vaccine at a vaccination clinic in Los Angeles, California on December 15, 2021.

Frederick J. Brown | AFP | Getty Images

5. Under Armor sinks after issuing weak guidance, unexpected loss

The interior of an Under Armor store on November 3, 2021 in Houston, Texas.

Brandon Bell | Getty Images

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