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5 things to know before the stock market opens Thursday

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

1. Dow’s 3-day winning streak sees stock futures fall

The New York Stock Exchange’s floor is where a Trader can be seen. This was March 8th, 2022 in New York City.

Brendan McDermid | Reuters

U.S. stock options were slightly lower on Thursday morning after an intense session on Wall Street, where traders took in the Federal Reserve’s actions. Dow futures indicated a decline of approximately 115 points in the opening session on Thursday. Futures tied to the S&P 500 and Nasdaq also were in the red.

Major U.S. stock market indexes now have their strongest weekly performance in a year after Wednesday’s strong rally. After a negative intraday movement, the Dow closed higher by 519 points or 1.55%. Investors were processing the Fed’s policy outlook. Three-day streak of wins for the 30-stock average have been observed since February early. The S&P 500 and Nasdaq Composite have posted back-to-back positive days for the first time this month.

2. Fed raises rates; sees six more increases ahead of 2022

Washington Federal Reserve Building. January 26, 2022.

Joshua Roberts | Reuters

Federal Reserve raised interest ratesThe Fed raised its interest rate by 25% Wednesday as it seeks to reduce historically high inflation. According to the Fed’s policymaking arm, additional rates will be raised at six of its remaining meetings in 2022. According to this, the consensus funds rate for 2019 will be 1.9%. According to chief Jerome Powell at a press conference, it could also start cutting its balance sheets in May. That suggests the process may have an effect equal to an additional rate rise. The central bankers raised their projections of inflation for 2022, but they reduced their expectations of GDP growth to 2.8% (from 4%).

3. The IEA issue a warning about oil supply and the price of oil rises

On Friday, November 20, 2020, oil pumping jacks (also known as “nodding donkeys”) were seen in Rosneft Oil’s Rosneft oilfield, near Sokolovka village in Russia’s Udmurt Republic.

Andrey Rudakov | Bloomberg | Getty Images

In light of recent downtrends, oil prices rose Thursday. renewed supply concernsRelated to the Russia-Ukraine War. U.S. West Texas Intermediate (WTI) crudeThe Brent crude, an international benchmark oil, rose 4.5% to close to $103 per barrel. After the International Energy Agency had warned of a potential loss in oil market supply of approximately 3,000,000 barrels per hour of Russian crude and other refined products, this move was made. It would more than offset the anticipated drop in oil price demand. WTI and Brent both hit new highs in March at $130 and $139 a barrel respectively.

In commodity markets elsewhere, the three-month benchmark nickel contract tumbled and reached its new limit down mark of 8%. This month’s Nickel futures prices on the London Metal Exchange are extremely volatile. A major short squeeze occurred on March 8. These changes have prompted new trading rules.

4. Biden refers to Vladimir Putin as a war criminal; the Kremlin pushes for his return

Joe Biden, the U.S. president, holds a meeting via video with state governors and business leaders to address supply chain issues, including those relating to semiconductor chips. It took place on March 9th, 2022, at the White House in Washington.

Jonathan Ernst | Reuters

U.S. President Joe BidenNamed Russian counterpart Vladimir Putin, a “war criminal” for Moscow’s assault on Ukraine. The Kremlin was furious that Biden had used this term publicly to refer to Russia’s president. Russian news agency Tass said that Biden’s language was unacceptable and cannot be forgiven.

The Russia-Ukraine warThe fighting has now entered its fourth week. Dmitry Peskov (Kremlin spokesperson) said that neither side was close to an agreement. Recent days have seen positive comments about peace negotiations. “Work continues — when there is progress, we will inform,” Peskov said, according to an NBC News translation.

5. Russia asserts it has made $117 Million in bonds payments

Collection | Collection | Getty Images

On Thursday, the Russian Ministry of Finance claimed it had made a roughly $117 million interest paymentMoscow seeks its avoidance with two dollars-denominated Eurobonds first foreign currency debt defaultIn more than 100 years. Russia has faced a torrent of economic sanctions by the U.S. as well as other nations, in response the Ukraine invasion. Certain sanctions have even frozen Russia’s central banks assets. Also, Russia’s ruble currency has suffered a sharp decline in value against the US dollar. This has sparked fears over Russia’s ability make foreign currency interest payments.

This report was contributed by Chloe Taylor, CNBC.

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