5 things to know before the stock market starts on Thursday, June 2nd

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

1. Stock futures rise as Wall Street tries to recover from Wednesday’s losses

A trader works on the New York Stock Exchange (NYSE) trading platform on April 11, 2022 in Manhattan, New York.

Andrew Kelly | Reuters

The future of the US stock indicated that Thursday was more open, Traders tried to regain their position following a chaotic trading session. The Dow Jones Industrial Average is up 97 points, or 0.3%. The futures of the S&P 500 and Nasdaq 100 rose 0.4% and 0.6%, respectively. Jupiter moves, the health of the economy and rising interest rates affected market sentiment, came a day after the month’s major averages started with a small decline.

2. Oil fall following reports that Saudi Arabia may increase production if Russia’s production declines due to sanctions

The sun goes down over pumpkins on November 03, 2021 at the Belridge Oil Field near McDrick, California.

Mario Tama | Getty Images

After that the price of crude oil was under pressure The Financial Times reportsCiting sources, Saudi Arabia is ready to boost crude production Russia’s output has plummeted due to sanctions. West Texas Intermediate, the U.S. oil benchmark, was down 2.4% at $ 112.45 a barrel. International Brent crude was down 2.4 percent at $ 113.45. According to the report, Saudi Arabia is aware of the risks of supply shortages and said it was “not in their interest to lose control of oil prices.”

The FT report comes ahead of a key OPEC + meeting on Thursday. Cartel is expected to stick with Russia and other oil-producing countries With their current production contract.

3. Sheryl Sandberg of Meta resigns

Sheryl Sandberg, CEO of Facebook.

Fabrice Kafrini | AFP | Getty Images

Facebook-Parents Meta Chief Executive Officer Sheryl Sandberg announced She is stepping down, Chief Development Officer Javier Oliven was appointed to replace him in the fall. “In the next few months, Mark and I will change my direct statements,” Sandberg said in a lengthy Facebook post discussing the resignation. Mark Zuckerberg, CEO of the company, said the company plans to make internal restructuring with the change.

Zuckerberg’s number on Facebook in Sandberg 2008. Joined 2 and helped turn the social media company into an advertising juggernaut.

4. Elon Musk tells Tesla workers to return to work or resign

Brendan Smylovsky | Afp | Getty Images

In two separate emails, TeslaIn Elon Musk told company employees to work from the office Leave the company at least 40 hours a week or so. “If you do not come, we will assume that you have resigned,” Musk said in an email received by CNBC and was first reported by Electrek. “Anyone who wants to do long-distance work has to be in the office 40 hours a week (i.e. * minimum *)) or leave Tesla,” Musk said in the first email, according to Electric. “This is less than what we ask of factory workers.”

Musk’s emails came as other major technology companies did not force all workers to return to their offices. Instead, employers like Amazon, Apple and Alphabet allow some remote work depending on the employee’s position and location.

5. The White House to cancel student loans for half a million students in Corinthian colleges

Teachers line up to enter Everest College, one of the closed Corinthian colleges, for a meeting on April 27, 2015 in the City of Industry, California and the opportunity to collect their personal belongings.

Al Cheap | Los Angeles Times | Getty Images

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