5 things to know before the stock market opens on Monday, March 21

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

1. Wall Street looks stable after the best week since November 2020.

Traders on the NYSE floor, March 18, 2022

Source: New York Stock Exchange.

2. Berkshire buys Alleghany; Goldman Announces Cryptocurrency Milestone

Logo of Goldman Sachs Group Inc. hangs on the floor of the New York Stock Exchange in New York, USA on Wednesday, May 19, 2010.

Daniel Acker | Bloomberg | Getty Images

As CNBC has learned, Goldman Sachs is close to announcing that it has become the first major U.S. bank to conduct an over-the-counter transaction in cryptocurrency. According to the two firms, Goldman traded a bitcoin-related instrument called a non-deliverable option with cryptocurrency seller bank Galaxy Digital. Hugh Son of CNBC reports that the move is seen as a notable step in the development of cryptocurrency markets for institutional investors. Hedge funds have been looking for derivatives for bitcoin.

3. A Boeing passenger plane with 132 people on board crashed in China.

This was reported by the Civil Aviation Administration of China. A China Eastern Airlines Boeing 737-800 crashed on Monday in the southern region of Guangxi province. The fate of 123 passengers and nine crew members was not reported. Boeing told The Associated Press that it is aware of initial reports of the crash and is “working to gather more information.” The incident came as the company was trying to rebuild its reputation after a series of major disruptions in recent years.

4. Biden adds Poland stop; Mariupol rejected the demand for surrender

U.S. President Joe Biden speaks during a meeting about ARPA-H, a health research agency that seeks to accelerate progress in cancer treatment and complementary medical innovation, in the South Court auditorium at the White House complex in Washington, March 18, 2022.

Al Drago | Reuters

the president Joe Biden added a stop in Poland to his visit. trip to europe this week for urgent talks with NATO and European allies about a Russian offensive in Ukraine. Poland, a key ally in the Ukraine crisis, hosts thousands of US troops and hosts more Ukrainian refugees than any other country. White House officials said Biden has no plans to travel to Ukraine.

Civilians caught in Mariupol by Russian forces are evacuated by groups controlled by pro-Russian separatists through other cities in Mariupol, Ukraine, March 20, 2022.

Stringer | Anadolu Agency | Getty Images

Ukrainian officials on Monday rejected Russian demand for the surrender of Mariupol in exchange for a safe exit from the besieged strategic port city. In Kyiv, a shopping center near the city center was destroyed as a result of Russian shelling. The UK Ministry of Defense said on Monday that Ukrainian resistance kept the bulk of Russian forces more than 15 miles from central Kyiv.

5. Judge Clarence Thomas hospitalized; Biden Supreme Court chooses hearing

U.S. Supreme Court in Washington, D.C. March 9, 2022.

Stephanie Reynolds | AFP | Getty Images

Supreme Court Justice Clarence Thomas was hospitalized since Friday due to infection. The court did not provide further details about the infection, but said Thomas was being treated with antibiotics and his “flu-like symptoms” were easing. Thomas, among the 6-3 conservative majority, plans to get involved this week even if he misses arguments, the court said.

  • The announcement of the 73-year-old’s hospitalization came as the Senate Judiciary Committee prepared to begin its confirmation hearing on Ketanji Brown Jackson on Monday. Biden chose the 51-year-old judge to replace outgoing Liberal Judge Steven Breuer.

– CNBC reporters Vicky McKeever, Fred Imbert, Evelyn Cheng and Karen Gilchrist, and The Associated Press contributed to this report.

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