5 things to know before the stock market opens on Monday, February 13

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 10, 2023 in New York.

Michael M. Santiago | Getty Images

Here are the most important news investors need to start their trading day:

1. Wake up, today is Monday

Bulls hope that this week will be better than last. Friday’s close ended a tough five-day period for both the S&P 500, which fell more than 1.1%, and the Nasdaq, which fell more than 2.4%. While stocks have started the year relatively well, there are certain realities that keep things under control. Inflation has come down but is still high. The Federal Reserve has seen a light at the end of the tunnel, but is still willing to keep raising rates to slow price increases. And while the economy has been resilient, there are still pockets where slowdown is a concern. Read live market updates.

2. Another week of big gains

3. Classic Super Bowl

Rihanna performs onstage at the Apple Music Super Bowl LVII Halftime Show at State Farm Stadium on February 12, 2023 in Glendale, Arizona.

Ezra Show | Getty Images Sports | Getty Images

4. Explanation of the housing market

monkeybusiness images | Getty

5. Watch the sky

FBI Special Agents assigned to the Evidence Response Team process materials recovered from a high-altitude balloon found off the coast of South Carolina. The material was processed and delivered to the FBI lab in Quantico, Virginia.

Credit: FBI

What’s with all these close encounters in North American airspace lately? Things from another world? Almost certainly not, although a high-ranking US military officer, when asked were aliens involved, said he ruled out nothing. “I will let the intelligence community and the counterintelligence community sort this out,” said Gen. Glen VanHerke, commander of North American Aerospace Defense Command and US Northern Command. The wild rumors surfaced as US jets shot down more objects in North American skies over the weekend, days after they shot down a Chinese spy balloon that flew over most of the United States. Later objects were not as large as the Chinese hot air balloon and it is not clear where they may have come from. And legislators are demanding answers. The truth is out there, I guess.

– CNBC’s Hakyoung Kim, Lillian Rizzo, Sarah Witten, Diana Olik and Ashley Kaput contributed to this report.

Follow the wider market action like a pro on CNNBC Pro.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button