5 Things to Know Before the Stock Market Opens on Thursday, May 19

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

1. The Dow will open lower after its worst day since 2020 on inflation worries.

A trader works on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York, USA on May 18, 2022.

Andrew Kelly | Reuters

2. Kohl is missing out on earnings data and cutting prospects, anticipating buyout offers soon.

3. Cisco stock falls as tech giant sees unexpected earnings decline

A man walks under the Cisco logo at the Mobile World Congress in Barcelona, ​​Spain on February 25, 2019.

Sergio Perez | Reuters

4. The Fed gets one last look at the labor market, with jobless claims before the bell

  • The Federal Reserve took a look at the second pillar of its dual mandate of promoting price stability and maximum employment before the call. Weekly initial jobless claims rose to 218,000, more than expected. After hitting a more than 50-year low earlier this spring, first-time jobless claims are gradually rising.
  • The May Federal Reserve Bank of Philadelphia manufacturing index showed much lower-than-expected growth, hitting its lowest level in two years.

5. Gas station prices hit new highs, above $4 a gallon in every state.

A woman rides her electric bike past a gas station as current gasoline prices continue to rise, approaching record territory in Encinitas, Calif., on May 9, 2022.

Mike Blake | Reuters

Markets are falling on fears that the Fed-sanctioned slowdown in the economy by raising interest rates and shrinking the balance sheet will not be able to curb inflation. One area where inflation is most evident is at the gas station.

— CNBC Hanna Miao, Sara Min, Jessie Pound, Lauren Thomas, Jordan Novet, Jeff Marks, Jeff Cox and Patti Domm contributed to this report.

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