5 things to know before the stock market opens on Monday, August 22

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

Summer Rally has entered its dog days. US stock markets were Preparing to open on Monday less, even after Wall Street grew poorly close to last week. Investors are still chewing on whether they think the Federal Reserve will continue to raise interest rates to curb inflation. They’ll be looking for clues from Federal Reserve Chairman Jerome Powell He is scheduled to speak on Friday In Jackson Hole, Wyoming. Before that, you will hear the markets from many companies. Earnings season is over for the most part, although there are some well-known names on the table this week: Palo Alto Networks scheduled to report after the bell Monday, Messi Nordstrom announces Tuesday, Salesforce and nvidia They go up Wednesday, and Peloton goes on Thursday.

Now that earnings season is largely over, it’s time to pick some winners. Goldman Sachs has named many names, including companies with direct consumer exposure, such as Amazon and Uber. Read this CNBC Pro Piece for more details about the main meals of the bank. And also – is the rally actually a loser or is it just a hard hit? JPMorgan Strategists I think growth stocks, like the tech names that fell significantly earlier this year, still have more power this year. For more analysis and insight, check out CNBC Pro.

While the United States raises interest rates to fight inflation, China cut them As it faces an economic slowdown caused by the tightening Covid restrictions and turmoil in the country’s housing market. Analysts’ reactions were mixed. Some said it’s an encouraging sign that the People’s Bank of China is ready to boost liquidity, even if this latest move has not had a significant impact. David Chow, an Invesco analyst, said lower rates have not translated into higher property sales yet “due to a lack of confidence in big developers” and the state’s pre-sale model, which allows for mortgage payments on unfinished homes.

South Korea and the United States started The largest joint military exercise between them since 2017. The corona virus disease pandemic A temporary shift in the South’s diplomatic approach to North Korea has led to a decline in such exercises. South Korean President Yoon Seok-yeol, who has been in office since May, pressed for the resumption of exercises after his predecessor pushed for more open dialogue with the North’s authoritarian Kim Jong Un government. “Maintaining peace on the Korean peninsula is built on our tight security posture,” Reuters quoted Yoon as telling his cabinet. Officials have warned that North Korea has launched several missiles this year and could conduct another nuclear test soon.

Earlier this year, Elon Musk Tesla It raised the prices of its cars, citing supply chain issues and High material costs. Now auto maker Prepare to increase the price of its premium driver assistance system, which the company calls fully autonomous driving, will increase 25% next month. “Following the massive release of FSD Beta 10.69.2, the price of the FSD will increase to $15,000 in North America on September 5th,” musk Tweet over the weekend. Tesla customers pay either a $12,000 up front or $199 in monthly subscription fee for the FSD, which has features meant to automatically help cars slow down and signals, among other things. FSD has Decree Regulatory Examination From state and federal authorities.

Sarah Min, Su Lin Tan, Carmen Renick and CNBC’s Laura Kolodny contributed to this report.

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