Know these 5 things before the stock market opens on Friday, June 10

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

US stock futures Pre-Friday’s inflation report eased sharply after showing higher-than-expected growth. on the data, 10 Year Treasury Yield Initially increased to over 3.08%. Bond yields rising on Thursday Slammed as stock Dow Jones Industrial Average fell 638 points, or about 2%. S&P 500 And this Nasdaq declined by 2.4% and 2.8%, respectively.

• Major tech names clash with Facebook parent Thursday meta platform 6.4% sliding, heroine falling more than 4% and Apple 3.6% is sinking. Those stocks saw a jump in Friday’s premarket trading.
• Although, Netflix Goldman Sachs down 4.5% in premarket trading downgrade To sell the stock from neutral and cut the price target from $265 to $186 per share. Netflix closed down about 5% on Thursday at about $193 a share.

Consumer Price Index for May Year-over-year growth of 8.6%, the fastest advance in more than 40 years. On a monthly basis, headline CPI was up 1%, higher than expected. The Federal Reserve is expected to raise interest rates by half a point next week and a half point in July. But the pace of fighting off four decades of high inflation after that is less clear. Bond yields are rising and the stock market is falling on concerns that the Fed’s approach will have to be made even more aggressive to ease price pressure, plunging the economy into recession.

national average price for a gallon of gas, according to AAA, rising, is now only 1 percent shy of $5, as oil prices continue to rise. West Texas Intermediate crude, the US benchmark, rose on Friday, is trading at over $122 a barrel, However, traders worried that new lockdown measures in Shanghai for mass COVID testing could outpace solid oil and gas consumption for the world’s top consumer, the United States. But for the time being, peak summer driving demand in the US was pushing up crude oil prices.

Shares of two companies, which flourished during this period covid pandemicWere falling in Friday’s premarket, following signs of weakness in their trading in the morning.

DocuSign The premarket sank 25%. Electronic Signature Software Vendor’s lower than expected earnings It beat revenue for the first quarter of its fiscal year. stitch fix The trade was down nearly 14% before the bell. online personal styling platform Confirmed It planned to lay off 15% of salaried positions within its workforce as it reported disappointing quarterly results and warned about the current quarter.

House Select Committee probing January 6 Capital riots started laying Its preliminary findings Thursday night for the first time in a series of public hearings. The panel said the attack was not spontaneous, it was a “coup attempt” and a direct result of the then defeated President Donald TrumpAttempt to reverse the 2020 election. In a social media message after the hearing, Trump criticized the committee for not showing “many positive witnesses and statements” and for playing “only negative footage”. More hearings are due in the next few weeks.

— CNBC Jesse Pound, Samantha Subin, strip dome, jordan novette, Lauren Thomas And kevin brauninger Also The Associated Press contributed to this report.

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