5 things to know before the stock market opens on Monday, July 8

Here are the top five things investors need to know to start day trading:

of S&P 500 hit its record 34th shutout of the year on Friday. Its growth for 2024 has increased to 16.7%. of Nasdaq Composite also closed at a new high, led by Tesla AND Nvidia, and its profit from year to day has reached 22.3%. of Dow Jones Industrial Average, meanwhile, added 0.17%, or 67.87 points. Friday’s rally came as the latest jobs report revived hopes of a rate cut by the Federal Reserve. Investors will look ahead to more inflation data this week: June’s consumer price index will be released on Thursday, while producer price index data will be released on Friday. Follow live market updates.

Boeing agreed to plead guilty to a criminal fraud charge related to two 737 Max crashes in which 346 people died, the Justice Department said Sunday. US prosecutors had said the company had breached a 2021 agreement in which it was protected from prosecution. Under the new plea deal, Boeing agreed to pay a $243.6 million fine and install an independent monitor to oversee compliance at the company for three years. The settlement, which requires a judge’s approval, would also require the company to invest at least $455 million in compliance and safety programs, and Boeing agreed to have its board of directors meet with victims’ families. The deal spares Boeing the ordeal.

And we are back. David Ellison’s Skydance Media and Paramount Global announced late Sunday that they have agreed to merge after months of back and forth. Shari Redstone, Paramount’s controlling shareholder, will sell her family’s stake in the company in a complicated transaction that will culminate in a merger. The news comes just weeks after a previous deal fell through, in part because of what a person familiar with the matter said were concerns from Redstone that the deal had been changed too much. The new talks sweetened the deal for Redstone, increasing the family’s payout to $1.75 billion and increasing legal protection from potential shareholder lawsuits, Reuters reported. One caveat: The deal also gives Paramount 45 days to find a better offer, so there could still be more drama ahead.

President Joe Biden is heading into a big week as the House and Senate return from holiday recess and pressure mounts for him to drop out of the race. Some House Democrats have called for Biden to step down after a disastrous debate against his opponent, former President Donald Trump. Biden gave a long-awaited interview with ABC News on Friday night — his first since the debate — in which he defended his mental health and vowed to stay in the race. Sen. Chris Murphy, D-Conn., a close ally of the president, said Sunday on CNN that “the clock is ticking” and noted that the interview “didn’t answer all the questions that people in my state have.” NBC reported that Biden’s future as party leader was heavily in question during a call by House Democratic Leader Hakeem Jeffries, D-N.Y., to lawmakers on Sunday afternoon.

Tesla Shares rallied on Friday, officially erasing losses for 2024. It had a dismal start to the year, falling as low as $138.80 in April. But it rose 27% last week, closing Friday at $251.55 a share. The increase was driven by a better-than-expected second-quarter shipments report that was released on Tuesday. Deliveries fell 4.8% from a year earlier, but they topped Wall Street estimates and were less of a decline than the company’s decline in the first quarter. Tesla has been offering extensive discounts and incentives since last year to lure customers to its legacy lineup of electric vehicles.

– CNBC’s Pia Singh, Leslie Josephs, Lillian Rizzo, Alex Sherman Rebecca Picciotto and Lora Kolodny; NBC’s Julie Tsirkin, Scott Wong, Rebecca Kaplan and Syedah Asghar; and Reuters contributed to this report.

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