5 things to know before the stock market starts on Thursday, March 31st

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

1. Wall Street ends strong month but weak quarter

Traders work on the site of the New York Stock Exchange (NYSE) in New York on March 30, 2022.

Brendan McDermott | Reuters

The future of American stock Bond yields and oil prices fell slightly on Thursday. Leading international oil producers at OPEC + were caught in a moderate rise in crude oil production after their meeting amid reports that the United States was considering releasing supplies from its strategic oil reserves. Wednesday, the Dow Jones Industrial Average And this S&P 500 Broke the winning streak of four sessions Nasdaq Abandoned for the first time in three days. With one day left in March, there were three stock scales Solid more per month. However, by the end of the first quarter of the wild, Wall Street had been observing a tough time for the first three months of 2022.

  • Dow Stock Apple The next morning saw a surge in the primarket, ending its 11-session 18% winning streak. Walkreens Boots AllianceA Dow component, down 1% on Thursday forex, shortly after the report Better than expected revenue and income. The increased demand for Govt booster shots and trials due to the spread of the Omigron variant during the winter months contributed to the results.

2. Oil sinks after a slight increase in OPEC + production, reports on US crude oil output

OPEC logo image ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria.

Ramsey Poutina | Reuters

West Texas Intermediate Crude OilThe U.S. oil index fell 6% to $ 101 a barrel on Thursday after OPEC +. Agreed to raise Production target is 432,000 barrels per day. It was widely expected that the energy analysts team would rubber-stamp another modest increase. Meanwhile, the President Joe Biden Is to provide feedback on Thursday Media reports He said he would outline plans to release 1 million barrels of oil a day for several months from US strategic petroleum reserves.

  • Russia’s invasion of Ukraine and subsequent supply concerns have been aimed at easing oil and gas prices, which will push up inflation around the world economy. Russia is a major oil exporter – and unprecedented sanctions for its unprovoked war have disrupted flows.

3. Yield spreads will be tight after hot inflation, moderate jobs data

Treasury yields fell Thursday, but major spreads – The 5-year And 30-year As well as the 2-year And 10-year – It was tight. 5 year treasury revenue Reversed earlier this week And went above the 30-year yield, the most frequent market crash before the recession. Benchmark 10-year Treasury yield fell to 2.3%, reversing a three-year high.

  • The Federal Reserve‘S preferred inflation index, a key per capita expenditure price index, rose 5.4% year-on-year in February, slightly lower than estimates but from the largest increase in the previous month since spring 1983. After raising borrowing costs earlier this month for the first time in more than three years, the bank will be more aggressive with interest rate hikes to combat inflation.
  • A day before the March employment report, the government said Thursday morning that initial unemployment claims had risen to 202,000 for the week ending March 26. The previous week’s reading was revised slightly to 188,000, the lowest level in 52 years.

4. The President of Ukraine asks for extra help to stop Russia

On March 28, 2022, in Kiev, Ukraine, as Russia’s invasion of Ukraine continued, Ukrainian President Volodymyr Zhelensky addressed the Ukrainian people.

Ukrainian Presidential Press Service | Reuters

Ukrainian President Volodymyr Zhelensky has called on his country to step up its defense against the Russian invasion. “Turning point,” He again appealed to the United States for further assistance. This week’s face-to-face talks on hopeful ceasefire are set to resume on Friday via video. Russia has been playing down signs of progress and seems to have backtracked on its promise to re-measure some of its operations.

Russian President Vladimir Putin attends a meeting with the President of the Ingushetia Republic, Mahmoud-Ali Kalimatov, on March 30, 2022 in the Kremlin, Moscow, Russia.

Mikhail Clementiev Sputnik Reuters

Newly classified US intelligence Refers to the President of Russia Vladimir Putin He feels he has been misled by military leaders and has not been informed of important details about them The worst invasion of Ukraine Top officials of the Biden administration said on Wednesday that they feared they would provoke him. Kate Beddingfield, the White House’s director of communications, told reporters that the communications failure had “caused continued tensions between Putin and his military leadership.”

5. End of Govt Asylum Limits; Biden insists on sending vaccine funds

The Biden administration is expected to suspend the U.S.-Mexico border by May 23 to prevent the spread of asylum restrictions. Govt, Citing those familiar with the subject, according to the Associated Press. Pending yet, Will be stopped Use of public health powers to relieve the United States of its obligations under U.S. law and international treaty, and to provide asylum for people fleeing persecution.

US President Joe Biden received the second coronavirus (COVID-19) booster vaccine on March 30, 2022, after giving comments on Govt-19 in the South Court Auditorium of the Eisenhower Administration Building in the White House in Washington.

Kevin Lamarck | Reuters

Biden warned If Congress fails to meet the $ 22.5 billion additional funding demanded by management, there will not be enough Govt vaccine levels in the United States this fall to ensure free and easy access for all Americans. Biden said Wednesday that after the Centers for Disease Control and Prevention recommended another round of boosters this week, the United States has an adequate supply to ensure those who qualify for the fourth shot have access to them.

– CNBC Reporters Melissa Repco, Elliott Smith, Sam Meredith, Christina Wilkie And Spencer Kimball The Associated Press and Reuters contributed to this report.

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