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
Men load a Coca-Cola truck outside the New York Stock Exchange (NYSE) on July 25, 2022 in New York City.
Spencer Platt | Getty Images
Speaking of factors affecting stocks, earnings this quarter were not that great. The outlook for companies was also not optimistic, although some of them expect the sky to clear up in the second half of the year. Coca Cola And Cisco lead the group this week. This is when the main names are reported:
- Tuesday: Coca Cola, Restaurant brands (before the call); Airbnb (after call)
- Wednesday: Kraft Heinz, Roblox (before the call); cisco, Zillow, Shopify, Boston beer, Roku, QuantumScape (after call)
- Thursday: Hasbro, Paramount Global (before the call); DraftKings, DoorDash, Dropbox (after call)
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
It can be difficult to keep track of all the ups and downs and sideways movements in the housing market. What’s going on with housing prices right now? Diana Olik from CNBC breaks it. Although price growth has been slowing down for several months, actual prices are still higher than they were 12 months ago. As mortgage rates have eased slightly, demand appears to be returning and that could push prices up a bit again. “While prices have continued to fall since November, the rate of decline has been lower than in summer and still represents only 3% of the cumulative price decline since last spring’s peak,” said Selma Hepp, chief economist at CoreLogic.
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.
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