Stock Groups

5 things to know before the stock market opens Wednesday, April 6


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

1. What would increase Tuesday’s fall on Fed concerns? Stock futures will sink

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

Source: NYSE

U.S. stock futuresAs investors waited to see if the Federal Reserve would shift to a more aggressive path of tightening its monetary policy, Wednesday’s stock market dropped. At 2 pm, the minutes of the Fed’s March meeting are available. This was the third time in three years that the Fed had raised interest rates. ET. Market expects to see at most 0.25% rate rises at six Fed meeting this year. Larger 0.5% increases are possible at May and June. Fed Governor Lael BrainardThe normal favoritism of looser policy and lower rates is typical for, stated Tuesday that the central bank needs to act quickly and aggressivelyTo drive down inflation. These comments were sent Wall Street lowerBond yields have reached near-three year highs.

2. Rising bond yields means higher mortgage rates and lower home loan demand.

Actually, fixed rate 30-year mortgages are available topped 5%Tuesday. Topping home loan demand volume was due to rising rates down another 6%The Mortgage Bankers Association reported that last week’s figures were down 41%. It’s 41% lower than last week.

3. Separate hearings to hear from Yellen and Oil CEOs about Russia-Ukraine War

Oil prices remained elevatedOn Wednesday, supply worries were raised as the U.S. envisages imposing more sanctions on Moscow and its European allies. This comes amid allegations that Russian forces in Ukraine committed war crimes. Head of the European Council stated that Russia has been subject to sanctions on oil and natural gas. needed sooner or later. Oil prices have risen due to higher crude oil prices. This has pushed up gasoline prices. Oil companies’ CEOs, which includes ChevronAnd ExxonWednesday, they will be testifying before a House panel on what they are doing to lower energy costs. Another House hearing will feature Treasury Secretary Janet Yellenwill be discussing the global effects of Russia’s invasion of UkraineThe global economy.

4. JetBlue beats Frontier to offer Spirit Airlines $3.6 billion in all-cash offers

Spirit Airlines plane at Fort Lauderdale-Hollywood International Airport, Fort Lauderdale, Florida, February 7, 2022.

Getty Images| Getty Images

JetBlue AirwaysMade an unsolicitedAll-cash Offer: $3.6 Billion Spirit AirlinesSpirit’s offer to merge with a discount airline is being questioned. Frontier Airlines. Spirit stated that its board is evaluating JetBlue’s proposal. 33% higherFrontier’s stock and cash offer is better than Frontier. After Spirit stock spiked by more than 22%, trading in Spirit shares was stopped before Tuesday’s close. Spirit shares fell in the premarket on Wednesday. Frontier also saw a decline in premarket.

5. Musk spent $2.64 Billion on Twitter shares in the first quarter of this year.

Elon Musk speaks at the Automotive World News Congress held at the Renaissance Center, Detroit, Michigan.

Rebecca Cook | Reuters

TeslaThe CEO Elon MuskHas been purchasing TwitterSince January ended, shares were traded almost every day. The current owner of the company spent $2.64 trillion to purchase his share. according to a regulatory filing Tuesday. This disclosure was made in a 13D. It confirms Musk’s plans to become more involved in Twitter’s business. On Tuesday, he was appointed to the board. Twitter has also announced that they are testing an editing button. The poll was held Monday by Musk, just hours after Musk filed a disclosure revealing that he acquired a more than 9% share of the social media network.

— CNBC reporters Jeff Cox, Diana Olick, Leslie Josephs, Lora KolodnyAnd Jordan NovetThis report was also contributed by The Associated Press, Reuters and others.

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