5 issues to know earlier than the inventory market opens Monday

Listed below are an important information objects that buyers want to start out their buying and selling day:

Shares are limping into Monday. The three main U.S. averages have all posted not less than two straight dropping weeks. Final week, higher-than-expected inflation readings fueled investor considerations that the Federal Reserve could wait longer than hoped to start out slicing rates of interest. All eyes are on the Fed because it kicks off its two-day coverage assembly Tuesday. The central financial institution is anticipated to depart charges unchanged, and it may present clues about its future coverage selections. Solely a handful of main firms, led by Nike and FedEx, will report earnings this week. Follow live market updates here.

Congress is, but once more, tempting a partial authorities shutdown. Lawmakers have till Friday to move appropriations payments or let funding lapse for six departments, together with Protection, Treasury and State. Congress earlier this month handed payments to fund a handful of different companies simply earlier than they have been set to close down. It is a busy stretch on Capitol Hill. The frenzy to keep away from a shutdown comes because the Senate considers whether or not to approve a House-passed bill that aims to force Chinese company ByteDance to sell TikTok.

Russian President Vladimir Putin secured another six-year term on Sunday, successful roughly 88% of the vote in an election that supplied no critical alternate options. A handful of Western leaders described the outcome, which solidified Putin’s grip on energy, as “illegitimate” or a “farce.” The election comes as Putin, 71, pushes on with his invasion of Ukraine greater than two years into the offensive.

Novo Nordisk’s in style weight reduction drug Wegovy was accepted within the U.S. for coronary heart well being advantages. However insurers may not expand coverage of the treatment but, regardless of that further use. As some well being plans contemplate whether or not to cowl the drug, they might balk at its month-to-month worth of greater than $1,000. However sure state Medicaid applications could also be extra more likely to cowl the therapy for cardiovascular use.

Laid-off tech staff are describing a sense of despair as they attempt to discover work after a brutal stretch for workers within the sector. Greater than 200 tech firms have laid off greater than 50,000 staff to this point this 12 months. It follows a 2023 that noticed probably the most job cuts within the tech sector for the reason that dot-com crash in 2001. The employees who misplaced their jobs now face a aggressive marketplace for roles which will pay lower than those they beforehand held.

– CNBC’s Brian Evans, Rebecca Picciotto, Natasha Turak, Annika Kim Constantino and Alex Koller contributed to this report.

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