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5 things to know before the stock market opens Monday – CNBC

Aug 29 2022

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

1. Ugly Monday

Stock markets ended last week on a sour note, as all three major U.S. indexes sold off sharply for their worst closes in months after Federal Reserve Chairman Jerome Powell said the central bank would continue fighting inflation with rate increases. This week doesn’t look like it’ll get off to such a hot start either. Futures were down across the board Monday morning, with no new economic data or major earnings reports expected. Investors are looking forward to the August jobs report, scheduled for Friday, as they weigh just how big a rate hike could be coming from the Fed in September.

2. Shooting for the moon, again

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