Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Shares will rise after a week of losing Wall Street
Traders work on the New York Stock Exchange (NYSE) site in New York City on June 3, 2022.
Brendan McDermott | Reuters
Wall Street set up The freemarket hike was taken after a tough session that opened on Monday, led by the low NasdaqAlmost 2.5% decline. Nasdaq and The S&P 500 Their record Eighth down in the last nine weeks But had the bulk of the gains of 6.8% and 6.6% in the previous week. The Dow Jones Industrial Average It dropped in its ninth week over the past 10 weeks, but held up more than 6.2% on the previous week.
- Technology stocks, incl Apple, Soared in the primarket. Apple is set to hold its annual Developers Conference on Monday. Shares Amazon The company’s premium rose more than 2% to $ 125 per share The 20-to-1 share split is coming into effect Open Monday. Crypto prices, which were recently traded in conjunction with technology, rose on Monday Bitcoin Over $ 31,000.
- At the end of this trading week, investors and The Federal Reserve Check out the latest Consumer price index. Economists see retail price inflation rising sharply to 8.2% year-on-year, but fell again for the second consecutive month.
2. Average gas prices in the US move toward $ 5 a gallon
Gas prices above $ 6.00 are advertised at Station 76 in Santa Monica, California on May 26, 2022.
Lucy Nicholson | Reuters
Whether the US has seen peak inflation or not, there are no signs of a slowdown in gas prices. Pump reached the national average A gallon is about $ 4.87 Until Monday, according to the AAA. California continued to be the highest in any state, with gas prices averaging $ 6.34 a gallon.
Reasons for the increase in dizziness: High demand ahead of the summer driving season and continued rise in oil prices. Honestly, West Texas Intermediate And Brent crude It traded for about $ 120 a barrel The merchants were skeptical A 50% increase in OPEC +’s monthly production target will facilitate tight distribution.
3. Didi, the Chinese Wright legend, arose after the report on the conclusion of the study
புத்ருல் சுக்ருத் | Light Rocket | Getty Images
Shares of Chinese right-hailing company Nana The Wall Street Journal reports that regulators in China are closing their annual inquiries into the company, leading to a 65% increase in freemarket business in the United States on Monday. According to the journalChinese officials plan early next week to lift the ban on Didi adding new users and reinstall the company’s processor in domestic app stores.
- Didi shares have fallen nearly 80% since the June 2021 IPO price of $ 14 per share, even with pre-market gains on Monday. Didi said it would be delisted from the New York Stock Exchange in December and listed on Hong Kong instead.
4. Tesla CEO Elon Musk sends mixed message about employees
Tesla and Elon Musk, CEO of SpaceX, at Tesla’s “Gigafactory” on March 22, 2022 in Groenhead, southeast of Berlin.
Patrick Pleul | AFP | Getty Images
Tesla CEO Elon Musk The total head count of the electric vehicle manufacturer said on Saturday Will increase Over the next 12 months, however, the number of salaried employees should change slightly. Those comments seem to have backfired on an email last week saying employees needed 10% job cuts. In a separate email to executives, Musk addressed himself a “The worst feeling” About the economy. Shares of Tesla rose 3.6% in the primary market on Monday after falling 9% on Friday.
5. Jet Blue raises the bid to buy the cheaper Spirit Airlines
LaGuardia International Airport Terminal A. for JetBlue and Spirit Airlines in New York.
Leslie Josephs | CNBC
Spirit Airlines Then rose 5% in the primarket Jet Blue On Monday Sweetened its auction Very low cost carrier. JetBlue said in a filing that it would raise its breakdown fee for the deal to $ 350 million and pay a $ 1.50- $ 1.50 dividend on a portion of the deal if it ended. Overall, JetBlue’s offer value increases to $ 31.50 per Spirit share.
- Shares of JetBlue, which has risen nearly 2% in the primary market, previously offered $ 30 a share and $ 3 a kick in the spirit of Spirit negotiations. Spirit rejected it, in favor of Frontier Airlines’ low bid, on the grounds that regulators would not approve the JetBlue mix.
- Last week, The Parents of the frontier Agreed to pay a $ 250 million breakup fee in its contract. Shares of Frontier rose 1% in early trade on Monday. Spirit is set to vote in the border offer on Friday.
– CNBC Menu Dome, Arjun Karpal And Lora Colotny As well as Reuters contributed to this report.
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