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5 things to know before the stock market opens Thursday, March 31

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Investors need the following news, analysis and trends to help them start trading:

1. Wall Street to close strong quarter, but with a weak month

Traders working at the New York Stock Exchange, New York (NYSE) floor on March 30, 2022.

Brendan McDermid | Reuters

U.S. stock futuresThe prices of oil and bonds fell on Thursday but they remained little changed. OPEC+ was a group of major international oil producers. They were under increasing pressure to produce more oil to lower high gasoline and crude prices. There are also reports that the U.S. may be considering releasing its supply from strategic oil reserves. Wednesday was the Dow Jones Industrial AverageThe S&P 500Four-session win streaks broken and the NasdaqIt fell for only the third day in a row. Only one more day of March and all three stock benchmarks had fallen solidly higher for the month. Wall Street is now tracking for the rough first quarter of 2022, however.

2. Reports of U.S. crude oil release indicate that oil is sinking ahead of OPEC+ decision

The OPEC logo is pictured in advance of an informal meeting among members of the Organization of the Petroleum Exporting Countries, (OPEC), Algiers.

Ramzi Boudina | Reuters

West Texas Intermediate crudeThe benchmark oil price in the United States, OPEC+, dropped 6% to $101 per barrel on Thursday. production plans. President Joe BidenIs set to make remarks Thursday media reportsHe said he would detail his plans to release one million barrels per day from America’s Strategic Petroleum Reserve for several months.

  • It would aim to reduce oil and gasoline prices. They have been rising since Russia invaded Ukraine, causing supply problems and causing inflation spikes across the world. Russia is a major oil exporter — and unprecedented sanctions for its unprovoked war have disrupted flows.

3. Key jobs and inflation data continue to drive yield spreads tight.

Treasury yields fell Thursday, but key spreads — the 5-year 30-yearThe other is the 2-year 10-year — remained tight. The 5-year Treasury yield inverted earlier this weekThe 30-year yield was higher than the benchmark 10-year Treasury yield. This market distortion is common before recessions. This was a significant drop from the near three-year peak of 2.3% at the 10-year Treasury benchmark yield.

  • At 8:30 am, the government will release its weekly data on March employment reports. ET the weekly data for initial jobless claims. The economists anticipated a small increase in the number of people filing for unemployment benefits for week ending March 26. Prior week’s reading 187,000 was a 52½-year low.
  • It Federal ReserveCore personal consumption expenditures price Index, which is the most preferred inflation indicator, will likely have increased 5.5% in February on a year over year basis. It’s slightly lower than last month. prior month’s biggest increase since April 1983. After increasing borrowing costs this month, the market expects the central bank will be more aggressive in raising interest rates after it increases them earlier this month. This is the first increase in three years.

4. The president of Ukraine requests more assistance to fight Russia

As Russia’s attacks on Ukraine continue, Ukraine’s President Volodymyr Zelenskiy speaks to the Ukrainian people in Kyiv (Ukraine), March 28, 2022. 

Reuters| Reuters

Volodymyr Zelenskyy, President of Ukraine, said that his country’s strong defense against Russia was at an a “turning point,”And he appealed for further assistance from the U.S. Video Friday will see the resumption of cease-fire talks that took place this week face-to face and raised hope. Russia is reducing signs of progress, and appears to be reversing its promise to reduce some operations.

Russian President Vladimir Putin meets with head of Republic of Ingushetia Makhmud–Ali Kalimatov, at the Kremlin Moscow (Russia), March 30, 2022. 

Mikhail Klimentyev | Sputnik | Reuters

Newly declassified U.S. intelligenceRussian President Vladimir PutinHe feels that he was misled and misled by his military commanders who didn’t tell him important details. the botched invasion of UkraineOfficials from top Biden government agencies said that the officials feared angering Vladimir Putin on Wednesday. According to Kate Bedingfield, White House communications director Kate Bedingfield, this has led to “persistent tension between Putin’s military leadership”

5. Biden urges for vaccine funds.

Biden is set to lift the U.S.-Mexico border asylum restrictions that were in place to stem the spread and spread of HIV/AIDS. CovidAccording to The Associated Press citing persons familiar with this matter, the answer is “yes.” Although the decision is not final, it was made. would haltPublic health powers can be used to exempt the U.S.

U.S. President Joe Biden receives a second coranavirus disease (COVID-19) booster vaccination after delivering remarks on COVID-19 in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 30, 2022. 

Kevin Lamarque | Reuters

Biden warnedIf Congress does not pass $22.5 billion of additional funding, the U.S. won’t have sufficient Covid vaccine doses to provide free access to all Americans this fall. Biden said Wednesday that the U.S. had enough supplies to provide fourth shot access for eligible patients after the Centers for Disease Control and Prevention recommended another round.

— CNBC reporters Melissa Repko, Elliot Smith, Sam Meredith, Christina Wilkie Spencer KimballThis report was also contributed by The Associated Press, Reuters and others.

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