5 things to know before the stock market opens Monday

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

who were at risk of losing their money because of a $250,000 cap on guaranteed deposits. The plan calls for FDIC insurance to cover depositors and won't rely on bailouts or taxpayer dollars, according to officials. The Treasury Department, Federal Reserve and FDIC issued a joint statement saying they were "taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustrationon the news of a government backstop for SVB, collectively gaining more than $70 billion in the 24 hours leading up to 2 a.m. ET and jumping back above $1 trillion. Silvergate Capital, which shuttered last week, SVB and Signature Bank were all friends of cryptocurrency, sending the digital coins on a wild trading ride.

 

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What Oscar’s have to do with markets opening ?

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