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:

U.S. stock futures edged higher on Monday after a week of losses for major indexes. Trading will be shortened again this week, with markets closed Thursday to mourn the death of former President Jimmy Carter. Investors will be watching December employment data released on Friday for signs of strength in the U.S. economy. Revenue comes from Constellation brandWalgreens Boots Alliance and Delta Air Lines It will also help shape the stock market this week. Follow real-time market updates.

Global semiconductor stocks rose on Monday on the back of Foxconn’s strong quarterly results. Hon Hai Precision Industry, which does business globally as Foxconn, said its revenue rose 15% year-on-year, indicating that enthusiasm for artificial intelligence has not waned. In the U.S., chipmaker stocks include NVIDIA, AMD and Broadcom rose in premarket trading.

A winter storm hit the United States early Monday, with much of the country expected to experience snow, ice and freezing temperatures. The National Weather Service issued a winter storm warning from the Midwestern states of Kansas to New Jersey. School districts across the country canceled or postponed classes, and airlines began canceling some flights. Heavy snowfall has left motorists stranded in parts of the country.

Social Security benefits are about to increase for millions of Americans. President Joe Biden on Sunday Bipartisan legislation was signed into law allowing beneficiaries who also receive pension income to increase their Social Security spending. Biden said more than 2.5 million people will receive a one-time payment in 2024 to make up for the benefit gap.

Biden on Monday took another major policy step in his final weeks in office. He would ban offshore oil and gas drilling along much of the U.S. coastline to protect some 625 million acres of ocean. It was a major environmental and climate statement from the Trump administration just days before Donald Trump’s second term in office, which has pushed for more oil and gas drilling and downplayed the impact of climate change.