5 things to know before the stock market opens on Monday

5 things to know before the stock market opens on Monday

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

1. Dividends and shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022.

Brendan McDermid | Reuters

Earnings season begins this week with several major companies, including major Wall Street banks, reporting quarterly results. Futures fell on Monday after Friday brought a stronger-than-expected jobs report and a week of overall gains for stocks. While the second half is off to a good start, especially given the stock’s poor first half, investors will be watching earnings for signs of waning consumer demand and ongoing supply chain problems, among other things. Here are the big reports scheduled for this week:

2. Yazan Musk on Twitter

Musk’s plan to buy Twitter has alarmed policymakers around the world.

Joe Skipper | Reuters

Shares of the social media giant Twitter tumbled in pre-market trading on Monday, just over two days after Elon Musk said he wanted to end his $44 billion deal to buy the company. Twitter, in turn, says it will pursue legal action to compel Musk to complete the deal. It’s been a tough pairing since Musk first said he wanted to buy the company. His interactions with Twitter were awkward at best and blunt at worst, and it doesn’t look like a decision will come any time soon.

3. A big week for Treasurys and economic data

A pedestrian carries shopping bags in San Francisco, California, US, on Wednesday, June 1, 2022.

David Paul Morris | Bloomberg | Getty Images

Treasury yields eased slightly early Monday morning as investors prepare to analyze some key economic data this week after absorbing the strong June jobs report on Friday. Inflation is expected to remain hot in the June CPI, which comes out on Wednesday. On Thursday, the Producer Price Index will give investors another glimpse into inflation in the United States. Then, on Friday, traders will chew on the latest University of Michigan Consumer Sentiment report for the month and June retail sales.

4. Factory slowdown in China

Despite the strong recovery, factories remained cautious about hiring more employees, with hiring falling for the third month in a row.

Street | dpa | Getty Images

Chinese manufacturers are facing declining demand from American and European consumers, who are suffering from historical inflation levels. While shipping costs, which have risen during the Covid pandemic, are dropping slightly, there is still the potential for a prolonged drop in demand. “I wouldn’t call this drop in demand a stagnation just yet, but it looks like things are heading into turbulent waters,” Chapsey Levy, founder of digital supply chain platform Schiffel told CNBC.

5. Thor leads a big weekend

Natalie Portman and Chris Hemsworth star in Marvel’s “Thor: Love and Thunder.”

Disney

Disney’s Thor: Love and Thunder was the king of the weekend, but the numbers show better news for the film industry. The Marvel Cinematic Universe’s latest entry grossed $143 million domestically, while the weekend’s box office gross, including grosses for films like Top Gun: Maverick and “Elvis,” is likely to reach between $200 million and 250 million dollars. Compare that to a similar pre-pandemic weekend in June 2019, when Sony and Marvel’s “Spider-Man: Far From Home,” Disney’s Toy Story 4″, and “Aladdin” helped pull in $185 million at the box office.

– CNBC’s Tanaya Machel, Ryan Brown, Matt Clinch, Su Lin Tang, Evelyn Cheng and Sarah Whiten contributed to this report.

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