5 things to know before the stock market opens Monday

Here are the most important news investors need to start their trading day:

Stock futures fell on Monday as trading kicked off in the final week of June. Stocks tumbled last week as summer kicked off. All major U.S. stock indexes fell more than 1% for the week after rising.high-tech Nasdaq Stocks have been especially strong as the economic downturn snapped an eight-week winning streak. Data that will help shape the market this week include consumer confidence and new home sales on Tuesday, as well as pending home sales and a third reading on first-quarter GDP on Thursday. Follow live market updates here.

Russia has repelled a mutiny by Yevgeny Prigozhin, head of the mercenary Wagner Group that has supplemented President Vladimir Putin’s forces in a brutal assault on Ukraine. Prigozhin stepped down on Sunday, just hours after his personal militia took control of Rostov-on-Don, a key city in southern Russia, and began advancing on Moscow. Global markets monitor potential threats to the power structure of the major energy producer.oil price Ruble takes a hit as it gives up earlier gains Near 15-month low against the dollar on Monday. While the long-term impact of the insurgency remains unclear, the incident could mark the biggest threat to Putin’s hold on power in more than two decades. Follow live updates from Russia here.

The ongoing turmoil in Russia will probably be most evident in the global oil market.Russia is world’s third largest crude oil producer, accounting for about 11% of global supply. Important energy infrastructure is located near Rostov-on-Don, the city occupied by Prigozhin’s troops. U.S. and global benchmarks West Texas Intermediate (WTI) and Brent crude (Brent) both rose about 0.6% on Monday after surging as traders focused on the rebellion.

The Supreme Court will conclude a series of opinions in the coming days. It could rule on two major cases as early as Tuesday.U.S. Supreme Court to rule on fate of President Joe Biden’s plan Forgive up to $20,000 of student debt per borrower, an outcome that would affect as many as 40 million Americans. The opinion will affect the budgeting and financial planning of households across the country, as well as their spending potential on goods and services. The Supreme Court will also decide whether colleges can use race as part of their admissions decisions. The affirmative action ruling could alter years of efforts by colleges to make student bodies that better reflect the nation’s racial makeup.

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