5 Things You Should Know Before The Stock Market Opens Monday, October 11th

Date:

Here are the most important news, trends and analyses that investors need to start a trading day:

1. Wall Street is set to start a week lower when oil hits a seven-year high

The trader works on the floor of the New York Stock Exchange (NYSE) in New York City on October 4, 2021.

Spencer Platt | Getty Images

2. Oil jumps to over $ 82 a barrel as the global energy crisis continues

US oil prices, West Texas Intermediate Crude Oil, 3.5% surge on Monday Over $ 82 per barrel After rising nearly 4.6% last week. Gasoline price at the pump According to AAA, it was the highest in seven years, at around $ 3.27 per gallon. Crude oil prices expanded in weeks as the energy crisis surrounding the major global economies showed no signs of easing. The energy crisis is due to the recovery of business activities and the curtailment of supply from international producers. However, US rigs are taking advantage of this increase, adding five new oil rigs last week, increasing five times a week in a row.

3. Mega Bank Revenue Leads Report for Q3 of the Week

The photos in the combination file show Wells Fargo, Citibank, Morgan Stanley, JP Morgan Chase, Bank of America and Goldman Sachs.

Reuters

4. Yellen warns about debt caps when House is ready to vote for a deal

The US Capitol during the morning rush hour in Washington, DC, Wednesday morning, October 6, 2021.

Drew Angeler | Getty Images

Treasury Secretary Janet Yellen Sunday is “I’m on the verge of a huge crisis.” After the Senate approved only a short-term extension of the debt cap, it re-established the possibility of default in December if lawmakers were unable to make another transaction. “Failure to raise the debt cap will probably cause a recession,” Yellen said of the ABC program “this week.” House, which was scheduled to go out this week, will return on Tuesday to pass the bill.Senate Republican leader Mitch McConnell Sent a warning to the president on Friday Joe BidenThe Republican Party said, “We will never provide such assistance.”

5. Southwest Airlines cancels approximately 2,150 flights and blames weather and staffing

Southwest Airlines’ Boeing 737 MAX 8 aircraft was filmed March 18, 2019 at William P. Hobby Airport in Houston, Texas, in front of United Airlines aircraft, including the Boeing 737 MAX 9 model.

Lauren Elliott | Reuters

Southwest Airlines We canceled more than 1,800 flights this weekend. Confuse travel plans Of a flight crew stuck with thousands of customers. The airline has accused the meltdown of a combination of bad weather and a shortage of air traffic controllers and their staff. Other airlines have canceled a relatively small number of flights. Southwest Airlines, which did not comment on the inequality, canceled 9% of its schedule, or 349 flights, on Monday. According to FlightAware.. On Saturday, union officials said Southwest’s decision this week to join rivals by demanding a Covid vaccine from workers contributed to the distraction of aviators.

— Reuters and NBC News contributed to this report.Follow all market behavior like a pro CNBC Pro..Get the latest pandemic information at CNBC Coronavirus Coverage..

5 Things You Should Know Before The Stock Market Opens Monday, October 11th

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