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5 things to know before the stock market opens Thursday, March 24

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

1. After weeks of the Dow’s worst session, stocks futures are back on track

Traders as they sit on the floor at the NYSE. March 21st, 2022.

Source: NYSE

U.S. stock futuresThe NATO leaders sought to put pressure on Russia for its invasion of Ukraine and the rose Thursday. The Dow Jones Industrial AverageIts shares dropped almost 450 points on Wednesday (or 1.3%) worst day since March 7. The Dow. S&P 500The NasdaqAfter the week’s best gains, all stocks fell on Wednesday. The stocks were impacted Wednesday by an approximately 5% rise in U.S. Oil prices and a near three-year high of nearly 2.42% Treasury yield. Thursday’s 10-year yield was 2.42%. around 2.4%American crude oil is more expensive. was steady.

2. Information on unemployment claims and orders for durable goods available before the bell

These are the two keys U.S. economic reportsup at 8:30 AM. ET: Employment claims, durable goods and jobless claims Economists predict that filings for initial unemployment benefits for week ending March 19 will fall to 210,000. After a 1.6% increase in the previous month, February durable goods orders will show a decrease of 1%.

Both the strong labor market and rising inflation are closely monitored by the Federal ReserveAt the last meeting, the Fed Chairman raised interest rates for a record-breaking first time in over three years. Fed Chairman Jerome PowellOn Monday left the door openAs the year progresses, expect more aggressive rate increases.

3. Biden opens trio of summits with world leaders to discuss Russia’s Ukraine invasion

President Joe BidenOn Thursday, world leaders met in Brussels to open three emergency meetings. Russia’s Ukraine warThere will be a NATO summit as well as a G-7 summit. Biden will attend each of these summits.

  • Boris Johnson, British Prime Minister, stated Thursday that Russian President Vladimir Putin was his priority crossed a red lineIn barbarism shortly after U.K. announced additional sanctions against Moscow.
  • Volodymyr Zelenskyy, President of Ukraine, addresses the nation via video. urged Western nationsHis country must take “serious measures” to fight Russia. Zelenskyy said that Russia used the phosphorus bombs as part of an attack, although he did not have any evidence.

4. Biden will next stop in Poland, where he’ll be addressing the refugee crisis in Ukraine.

Poland and NATO’s eastern flank countries are seeking clarityWhat the U.S., European and neighboring countries can do to help them deal with Russia’s growing aggression concerns as well as the growing crisis in the Ukraine refugee situation. Biden plans to visit Poland Friday.

  • The White House says that the president will speak on Saturday about “united world efforts to support Ukraine and hold Russia accountable for its horrific war” before returning to Washington.

5. BlackRock CEO: Russia’s War has Ended Decades of Globalization

BlackRockChief Executive Officer Larry FinkAccording to Thursday’s statement, the Russia-Ukraine dispute could lead to an acceleration of digital currencies that can be used as a means of settling international transactions. A letter to shareholdersFink, the largest global asset manager, said that the war had ended the efforts of globalization over the last 30 years. He also saidAccording to the Energy Security Initiative, energy security is now a global top priority. The sanctions against Moscow have caused oil prices to soar. This has prompted countries and companies to reconsider their supply chains, and try to lessen dependence on Russian commodities.

— CNBC reporters Sarah MinAnd Yun LiThis report was also contributed by Reuters, The Associated Press and others.

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