5 things to know before the stock market opens on Monday | Wilnesh News

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

The stock market’s upward momentum eased last week. All three major U.S. stock indexes retreated from their highs.this Dow Jones Industrial Average Down 0.9%, worst week since October S&P 500 Index Down 0.3% Nasdaq Index down 1.2%. Investors will be watching for signals on the Fed’s policy plans in the coming days as the central bank waits for the economy to cool before starting to cut interest rates. Data released on Friday showed U.S. job creation in February was better than expected. Inflation data for February’s Consumer Price Index and Producer Price Index will be released on Tuesday and Thursday respectively. Follow live market updates here.

Bitcoin’s rally continues.cryptocurrency It rose to a new all-time high on Monday, surpassing $71,000. The move comes after the UK opened its doors to trading in cryptocurrency-related exchange-traded products. The launch of a Bitcoin ETF in the United States this year has fueled a surge in cryptocurrency prices.

President Joe Biden has favored raising taxes on corporations and the wealthy as he tries to make the economic case for re-election this fall.The White House will The 2025 budget was released on Monday, and while its pillars may not become law, it signals Biden’s priorities in a possible rematch with former President Donald Trump. Measures in the proposal include a 25% tax on the unearned income of the richest households.

social media platform Reddit hopes to raise up to $748 million in an IPO in the coming months, according to a new filing. As part of the offering, the company is seeking a valuation of about $6.5 billion, the first valuation for a social media player in years. Reddit plans to sell about 22 million shares at a price of $31 to $34 per share. Reddit went public this year amid sluggish investor interest in IPOs.

“Oppenheimer” was the big winner at the 96th Academy Awards on Sunday.this common The film about the father of the atomic bomb won seven awards, including best picture, best director for Christopher Nolan and best actor for Cillian Murphy.Other major winners include disney Searchlight’s “Poor Things” won four Oscars, led by Emma Stone for best actress. “Barbie” was a box office success that year, but it only won an Academy Award for Best Original Song. (Revealed: Comcast is the parent company of NBCUniversal and CNBC.