5 things you should know before the stock market opens on Monday

  • The S&P 500 closed above 5,000 on Friday as the major U.S. stock averages posted their fifth straight positive week.
  • The Kansas City Chiefs won their second straight Super Bowl.
  • The Senate advanced a long-stalled bill to send aid to Ukraine, Israel and Taiwan.

Here are the key news investors need to start the trading day:

The S&P 500 closed above 5,000 for the first time on Friday as US stocks continued their steady rise. The S&P, Dow Jones Industrial Average and Nasdaq have all risen for five straight weeks. A list of earnings and a handful of key economic data will help determine whether stocks set more records this week. Consumer price index inflation data expected on Tuesday will help guide the Federal Reserve’s interest rate policy stance. January retail sales scheduled for Thursday will also provide another gauge of consumer health. Follow live market updates here.

The Kansas City Chiefs won their second straight Super Bowl on Sunday and their third in the last five years. They defeated the San Francisco 49ers 25-22 in only the second NFL championship game to go into overtime. As always, advertisers fought for the spotlight. These included mainstays like Budweiser and PepsiCo, but also newer faces like DoorDash. Microsoft promoted AI, while Kia introduced a new electric vehicle. Meanwhile, Beyoncé used a Verizon ad to announce that she will be releasing a new album at the end of March.

The Senate on Sunday introduced a long-delayed bill that would provide $95 billion in aid for Ukraine, Israel and Taiwan. The measure advanced with 67 votes and could pass in the coming days. A larger version of the plan, which included border security measures that Republicans opposed, had previously failed. President Joe Biden and many Democrats and Republicans in Congress have been trying for months to send new aid to Ukraine as Russia’s invasion nears the two-year mark, but many in the Republican Party have opposed the funding. Meanwhile, some members of Senate Majority Leader Chuck Schumer’s Democratic Party have spoken out against new military funding for Israel as health authorities in Gaza say the war there has resulted in more than 28,000 deaths.

About two-thirds of S&P 500 companies have reported fourth-quarter earnings, and the strong numbers have helped lift stocks so far. The companies achieved better profits during this period while at the same time lower sales growth. Through Friday, earnings at S&P 500 companies had risen 9% for the quarter, while sales had risen 3.4%. The companies reporting their results this week, many of which operate in the food and beverage sector or the gig economy, will have some commentary on consumer health. Here are the earnings to keep an eye on this week:

A judge has ordered Elon Musk to appear in a Securities and Exchange Commission investigation into his acquisition of Twitter, the social platform that was today described as a stake in the company ahead of its roughly $44 billion leveraged buyout. According to Saturday’s order, Musk and the SEC have a week to set a date and time for the deposition. Musk’s lawyers described the investigation as unfounded.

— CNBC’s Lisa Kailai Han, Sarah Whitten, Sara Salinas, Jake Piazza, Rebecca Picciotto, Robert Hum and Lora Kolodny contributed to this report.

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Robert Wilson

Business & economics analyst. Breaking down intricate financial trends for informed decision-making.

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