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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.

1. Fearfuldeclined 1.84% to close the trading session at 5,346.56. The Nasdaq Composite fell 2.43% to finish at 16,776.16, leading to a more than 10% drop from the tech-heavy index's all-time high. The Dow Jones Industrial Average dropped 1.51% to close at 39,737.26. The index's session low was a drop of 989 points. On the jobs front, nonfarm payrolls increased by only 114,000 in July, according to the Labor Department.

CrowdStrike lawyer Michael Carlinsky, who is co-managing partner at Quinn Emanuel Urquhart & Sullivan, wrote to Delta's lawyer David Boies over the weekend, saying that Delta's litigation threats "contributed to a misleading narrative that CrowdStrike is responsible for Delta's IT decisions and response to the outage.

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