5 Key Points to be Aware of Before Monday Market Opening

Get ready for a smart start to your trading day with these important news updates:

Stock futures inched higher on Monday after a recent downturn. Last week, the Nasdaq and S&P 500 suffered their worst weeks since March, dropping 2.9% and 2.3% respectively. The Dow fell approximately 1.1%. As the new week begins, investors will closely monitor earnings reports and economic data, including inflation gauges in the consumer price index and the producer price index. Stay updated with live market updates here.

Walt Disney will be the highlight of another busy week of corporate earnings reports, which will greatly influence market trends. As of Friday, 84% of S&P 500 companies had reported their second-quarter earnings. Analysts surveyed by Refinitiv revealed that earnings dropped 4.2% compared to the same quarter last year, but still beat expectations by 7.7%. Revenue exceeded estimates by 1.7%. Keep an eye out for this week’s notable earnings.

Berkshire Hathaway, Warren Buffett’s conglomerate, announced that its cash reserves increased to $147.38 billion at the end of the second quarter. This is up from $130.62 billion in the previous quarter. The conglomerate also revealed that operating earnings from its companies, such as insurance and utilities, rose 6.6% to $10.04 billion. Additionally, Berkshire Hathaway reported a net income of $35.91 billion in the second quarter, compared to a net loss of $43.62 billion in the previous year. Furthermore, the conglomerate disclosed an unrealized gain of $26 billion from its stake in Apple.

Oil prices reached four-month highs on Monday before retracing their gains. Concerns about supply were amplified after Ukraine attacked a significant port for Russian oil exports. Russia, the world’s second-largest crude oil exporter, extended oil output cuts in an effort to raise prices, following the lead of Saudi Arabia, the largest crude exporter.

According to studio estimates, Warner Bros. Discovery’s blockbuster film “Barbie” was projected to surpass $1 billion at the global box office on Sunday. Director Greta Gerwig will become the second woman to direct a live-action billion-dollar movie, joining “Captain Marvel” co-director Anna Boden. “Barbie” injects life into the sluggish box office, becoming only the second film this year to cross the $1 billion mark, following “The Super Mario Bros. Movie.”

Note: CNBC’s Alex Harring, Robert Hum, Yun Li, Lee Ying Shan, and Sarah Whitten contributed to this report.

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