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

U.S. stock futuresOne day after Wall Street continued selling, Friday bounced S&P 500Close to the door of the joining NasdaqIn a bear market. The stock benchmarks had suffered their 7th consecutive week of losses. These were the results. Dow Jones Industrial AverageThe Dow also closed lower on Thursday and was in line for its 8th consecutive week of declines. The Dow was in lock-in steep correctionA decline of 10% or greater from a previous high is considered a bearish market. Bear market refers to a drop of 20% or more over a previous high.

Bond pricesStocks rebounded Friday in the premarket, as inverse movements of yields caused the. These are the results 10-year Treasury yieldIt was currently trading at around 2.9%. The yield was trading at 2.9%, just shy of the key level of 3% that traders have been trying to breach for several weeks. This could be because they believe that the Federal Reserve may need to increase interest rates to keep inflation in check.

China has a different approach to borrowing costs cuttingUnexpectedly, Friday’s unexpectedly high benchmark rate for mortgages was lowered by a wide margin. As Beijing wants to boost the country’s second-largest economy, this is Beijing’s second year of reducing this rate. Chinese leaders have promised to take further steps to combat a slowdown of economic growth caused by lockdowns, and other restrictive measures that are part of the country’s Zero Covid policy. Many economists in the private sector expect China to see a decrease in its economy this quarter compared to 4.8% growth last quarter.

The U.S. is back! Ross StoresAfter indicating that inflation was a concern, the retailer’s stock fell to its lowest point. Following quarterly losses on revenue and profits, the shares of the discount retailer fell 26% in premarket. Ross Stores released its first quarter earnings report on Thursday after the close bell. They also gave downbeat guidance. The company said Russia’s war in UkraineIt “exacerbated inflationary pressures” and noted that there were difficult comparisons year-overyear in 2022, due to the expiration of government Covid stimuli and pent-up demands normalizing.

The Centers for Disease Control and Prevention recommends that you take a PfizerChildren aged 5-11 years old should receive a Covid booster shot at least five months following their first vaccinations. The CDC’s move ThursdayIt is available as CovidInfections are increasing across the nation and immunity to the second dose is waning. The agency has begun to distribute boosters for children aged 5-11 years old, even though the majority of those kids haven’t had their first dose. Just 29% of this cohort are currently fully vaccinated. In a Thursday statement, Dr. Rochelle Walensky, Director of the CDC, reassured parents that shots were safe, and encouraged them all to have their children vaccinated.

SpaceX’s founder and CEO Elon MuskTweeted late Thursday night that “wild accusations” against him are not true. He didn’t explain the nature of those allegations. After a Business Insider story on Thursday, he responded that the company had paid $250,000 for severance to an attendant accused of sexual misconduct. Insider obtained documents and interviews from the woman who claimed Musk touched her leg and exposed her penis during a massage. CNBC was unable to independently confirm these claims.

— CNBC’s Fred Imbert, Sarah Min, Vicky McKeever, Spencer Kimball Dan ManganThis report also included contributions from Reuters.

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