5 things you should know before the stock market opens on Monday March 29th

Here are the top news, trends, and analysis that investors need to get their trading day started:

US stock futures fell Monday after a late meeting Friday sent the rally Dow Jones industry average and S&P 500 Up over 1.4% or nearly 1.7% as stocks that benefited from a successful reopening of Covid outperformed. The Dow and S&P 500, both closing at record highs, posted weekly gains roughly in line with Friday’s advances. Dow share Boeing rose 3% on the Monday before the market after a huge aircraft order from Southwest Airlines. Southwest’s shares rose slightly.

The Nasdaq on Friday put out a loss of nearly 1% and closed 1.2%. However, the index is tech-heavy still declined by 0.6% for the week. With just three days left in March, the Nasdaq posted a slight monthly loss while the Dow and S&P 500 stood ready to post solid gains for the month.

The 10 year treasury yield was solid monday, Trading below its last 14 month high. The rapid surge in yields this year has been problematic for growth stocks, including many technical names, as higher interest rates undermine the value of future earnings and depress market valuations.

Credit Suisse warned of one on Monday “highly significant” hit on first quarter results after the Swiss-based bank began to liquidate positions in a large US hedge fund that melted down due to margin calls last week. Japanese company Nomura is currently evaluating a potential loss of an estimated $ 2 billion. Shares of Nomura and Credit Suisse were struck on the pre-market on Monday.

The hedge fund at the center of the fallout is Archegos Capital Management forced to liquidate positions Late last week. The moves of the multi-billion dollar US family office founded by former Tiger stock analyst Bill Hwang caused a surge in selling pressure on US media stocks and Chinese Internet ADRs on Friday.

The huge container ship Ever Given blocks the Suez Canal was partly made afloat again early Monday, days after the ship got stuck and stalled a major global trade route. The Suez Canal Authority said the ship’s course has been corrected by 80% and further maneuvers will continue if the water level rises later in the day. It remains unclear when the waterway will be opened to traffic again as hundreds of ships waited to enter the Suez. Maritime data showed at least 10 tankers and container ships Course changed to avoid the congestion, including US ships carrying natural gas for Cheniere and Bowl/ BG Group.

president Joe Biden will split his sweeping plan to improve the nation’s infrastructure into two parts. Biden on Wednesday will reveal The first part of his plan focused on things like rebuilding roads and railways. The second part – including childcare and health care reforms, aspects of so-called social infrastructure – will be released “in just a few weeks,” said Jen Psaki, White House press secretary, on Sunday. Overall, the legislation is expected to cost more than $ 3 trillion.

With the possibility of safe summer barbecues in just a few months and the promise of a widespread supply of Covid vaccines in the US by the end of May, many Americans may feel that the nation has finally turned the pandemic around. The Chief Medical Officer of the White House, Dr. Anthony Fauci, however, warned against it America is really just “on the corner”.

New daily US cases, well below January’s high, rose 12% in the past seven days from a week ago. according to a CNBC analysis of Johns Hopkins University data. Almost half of people aged 65 and over have all of the necessary recordings. according to CDC data. However, only 20% of the adult population are considered fully vaccinated.

– Get the latest information on the pandemic CNBC’s coronavirus blog.