Stock Groups

5 things to know before the stock market opens Monday, February 7

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These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Wall Street looks higher after S&P 500, Nasdaq’s best weeks of 2022

Traders in New York City work at the New York Stock Exchange (NYSE), February 4, 2022.

Spencer Platt | Getty Images

U.S. stock futuresAfter the Monday report, it rose slightly S&P 500And the Nasdaq CompositeThey recorded their highest weeks of the year thanks to Friday’s greatest one-day gain ever since 2015. Amazon’sSolid quarterly earnings report. However, the Nasdaq remained under correction. However, the correction was not made to Nasdaq. DowThe stock average closed lower on Friday, bucking Friday’s upward trend. However, the average of 30-stocks did not close lower. also post a gain for the week. Tech stocks that were already in decline managed to rebound Friday, despite the positive January employment report. 10-year Treasury yieldNearly 1.94%. However, Monday’s benchmark yield fell to 1.94%. still above 1.9%.

  • Key inflation dataThe January consumer price index is expected to increase 7.3% in year-over-year terms, according to the release on Thursday. After last week’s crazy ride, earnings are starting to slow down. Dow stock DisneyThe quarterly results will be reported after Wednesday’s close.

2. In a $6 billion agreement, Frontier and Spirit merge low-cost airline Frontier

Spirit Airlines plane seen at Los Angeles International Airport.

SOPA Images | SOPA Images | LightRocket via Getty Images

Frontier Airlines Spirit AirlinesThese are the largest two low-cost carriers of air travel in the U.S. have agreed to mergeThis would make it the fifth largest airline in the nation. Both companies’ boards approved the deal on the weekend. The CEOs of the airlines announced the agreement Monday in New York City. Structured at $6.6 billion with Frontier Airlines owned by Indigo Partners and controlling 51.5%, Spirit will own the remaining 48.5%. This deal would mean that Spirit shares will have a $25.83 value, which is 19% more than the Spirit shares as of the close of the week. Spirit shares were higher than 12 percent, Frontier Group was down 3% at Monday’s Premarket.

3. Peloton rises after reports that Nike and Amazon may be potential buyers

Peloton stationary bikes for sale in Dedham Massachusetts on Wednesday, February 3, 2021

Getty Images| Bloomberg | Getty Images

PelotonThese shares have seen a decline in value over the past few months. soaredThe premarket was down 30% Monday after The Wall Street Journal reported that Amazon, an e-commerce company, approached the company to discuss a possible deal. According to the Journal, other suitors have been rumoured, though no agreement is expected and it may not happen at all. According to the Financial Times, sneaker manufacturer Nike was looking into a potential bid for Peloton. According to the FT, Nike has yet not reached out to Peloton’s connected fitness-equipment company. Peloton has not launched a sales process yet, however, someone familiar with the discussions told CNBC.

4. Spotify CEO has apologies for Joe Rogan’s use of the N-word in clips

A screen showing the Joe Rogan Podcast and a logo for Spotify is seen in this picture, taken in Toulouse, SW France on January 31st 2022.

AFP | AFP | Getty Images

SpotifyShares, which were also hit hard recently, dropped more than 1% in premarket trading. CEO Daniel Ek was there on Sunday apologizingWorkers at the audio streaming company were informed about Joe Rogan’s racist past. “I want to make one point very clear — I do not believe that silencing Joe is the answer,” said Ek, whose company reportedly paid $100 million to exclusively host Rogan’s podcast. Rogan apologized for Saturday’s performance by Grammy winner singer-songwriter. India Arie posted clipsHe used the N-word in past episodes, while she removed her Spotify music as a protest. Others have also pulled music from Spotify after Rogan propagated misinformation about the Covid-19 vaccine.

5. Ford has to reduce F-150 production due to a chip shortage.

Ford Motor Co. sign at Washington Auto Show, Washington, D.C., Jan. 21-2022

Al Drago | Bloomberg | Getty Images

FordShares fell almost 1% after automaker said late Friday it would be closing. cutting productionThis week, the Ford Bronco SUVs and Explorer SUVs, the Ford F-150/Ranger pickups, the Ford Mustang Mach-E hybrid crossover, the Ford F-150 and Ranger pickups, the Ford F-150 and Ranger pickups, the Ford Mustang Mach-E electrical crossover, and the Lincoln Aviator SUV were all cut at Ford plants in Michigan and Illinois. These are due to a global shortage of semiconductor chip chips. Ford shares fell 9.7% Friday after it missed earnings estimates by Ford due to lower than expected production linked to supply chain problems.

— The Associated Press and Reuters contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. Like a pro, follow the wider market action. CNBC Pro.

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