Business

5 things to know before the stock market opens on Tuesday, June 21st

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

1. Wall Street is set to rebound after the S&P 500’s worst run since 2020.

A Wall Street sign with US flags is visible outside the New York Stock Exchange.

Yuki Iwamura | Afp | Getty Images

2. Oil prices in the US have partially recovered from last week’s sharp drop.

3. Kellogg plans to spin off; JetBlue increases Spirit offer

4. Musk says 3 issues need to be addressed to advance the Twitter buyout

5. Bitcoin rises after dropping below $18,000 over the weekend.

Bitcoin is up more than 5% on Tuesday, bouncing back above $21,000 after wild long weekend. The world’s largest cryptocurrency fell to around $17,600 on Saturday, falling below the key $20,000 level for the first time since December 2020. Bitcoin was about 74% below its all-time high of over $68,000 on Saturday. in November, which was the month of the Nasdaq’s last all-time high. Bitcoin is trading in tandem with the high-tech index, refuting the argument of cryptocurrencies as an inflation hedge, like gold.

— CNBC Yoon Lee, Peter Shaknow, Samantha Subin, Jessie Pound, Amelia Lucas as well as Ryan Brown and NBC News and Reuters contributed to this report.

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