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5 things to know before the stock market opens Friday, April 1

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

1. After the worst quarter for 2 years, futures are up ahead of job report

Traders on March 31, 2022, at the NYSE Floor.

Source: NYSE

U.S. stock futuresFriday’s start to the second half of the quarter was better than the March government employment report. Wall Street ended Thursday’s worst quarter in three years, including the beginning of 2020. the Covid pandemicThe lowest lows occurred in the latter part of March. There are Dow Jones Industrial AverageIt is the S&P 500The NasdaqOn Thursday, all fell by around 1.5% For Q1, the Dow and S&P 500 closed down 4.57% and 4.95%, respectively. The Nasdaq fell 9.1%. High inflation, the Fed’s rate-hiking cycle began. Russia’s invasion of UkraineThey have all played a part in the struggle for equity this year.

2. Key Treasury spreads flip for first time in 2019 after the recession signal

Treasury spreads could be influencedBy the Friday jobs reports, one day following the 2-year yieldLet’s take a moment to summarize. rose aboveThe 10-year yieldThis was the first inversion since 2019. Inversions are common before recessions. However, some data providers indicated that Tuesday’s 2-year-10-year spread was slightly inverted. CNBC data didn’t confirm the claim. The chart shows a negative number indicating that the yields have not been inverted.

A key yield spread was also inverted Monday. This is the first such reverse since 2006. 5-yearThe 30-yearFriday, the flipped over again. Market concerns have been raised by the rise in short-duration yields above those with a longer time horizon. A yield spread on a much shorter time horizon — the 3-month Treasury and the 2-year — has been decidedly positive.

3. The March hiring season is expected to be solid, but less than in the past month.

Denver Public School has placed a sign indicating “Now Hiring” in front Bromwell Elementary School. This was on Tuesday, December 7, 2021.

Hyoung Chang | Denver Post | Getty Images

Strong Friday jobs reports could boost Fed confidence in its plan to increase rates this year. This is a plan that aims at fighting inflation while not slowing down the economy. Economists expect 490,000 jobs were added in March. It would still be strong, but much less than the 678,000 additional nonfarm payrolls that were created in February. From 3.8% in February, the nation’s unemployment rate will drop to 3.7% in March.

4. Russian forces turn the nuclear power station at Chornobyl over to Ukraine

A Ukrainian military serviceman inspects binoculars on the front line east of Kharkiv during Russia’s March 31st, 2022 invasion.

Fadel Senna | AFP | Getty Images

You can find the latest developmentsIn Russia’s War Against Ukraine

  • After regaining control of the site, Russian troops evacuated the Chornobyl nuclear facility that was heavily polluted on Friday.
  • If confirmed, this attack would have been the first of its kind. The governor of Russia’s Belgorod Region accused Ukraine of flying helicopter gunships over the border on Friday morning, and hitting an oil depot.
  • The Ukrainian government has continued to launch successful, but not overwhelming counterattacks inside its own borders. Officials from the West said that there was growing evidence Russia was trying to use its de-escalation talks in Ukraine as a cover for regrouping. Negotiators from Russia and Ukraine were expected to resume negotiations via video conference on Friday.

5. GameStop’s stock split plan propels it to new heights

Two pedestrians cross in front of the GameStop New York store on December 23, 2021.

Scott Mlyn | CNBC

The shares of GameStopThe Friday premarket saw an increase of 15%, just a few hours after videogame retailers closed. announced plansStock split. GameStop stated that it would seek shareholder approval for an increase of the Class A stock stock to 300 million shares. This will allow GameStop to partially conduct a dividend stock split.

GameStop’s March performance was remarkable. It rose 35% by Thursday’s closing, thanks to enthusiastic retail investors who stood behind their favorite meme. An additional 100,000 shares were purchased by Chairman Ryan Cohen (an activist investor who is transforming the stock into a digital-first business), to give it an extra boost.

— CNBC’s reporters Sarah Min, Jesse Pound, Hannah MiaoAnd Yun LiAs well as The Associated Press, this report was contributed by them.

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