10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA)

pulse

February 28, 2017 11:41 AM

This is what traders are talking about.

Student leader Joshua Wong with a sign saying "defend judicial independence" during a confrontation with security guards at a news conference held by Carrie Lam in Hong Kong.

Here is what you need to know.

The Dow's on the verge of making history. The Dow Jones industrial average edged up 0.08% on Monday to book its 12th straight close in record territory. The record for most consecutive all-time highs is 13 days, set back in January 1987.

A Fed rate hike in March is now a coin flip. World Interest Rate Probability data provided by Bloomberg shows the market is pricing in a 50% chance the Fed hikes its key interest rate 25 bps at its upcoming meeting. That's up from a 34% chance on February 23.

Trump gets ready to address Congress. President Donald Trump will address Congress on Tuesday evening about "

Wilbur Ross is confirmed. Billionaire investor Wilbur Ross was confirmed as Commerce secretary by a Senate vote of 72 to 27.

Saudi Arabia wants higher oil prices.

Samsung's vice chairman has been charged. has been charged with

CLSA America is shutting down a large chunk of its business. The firm is closing down its US-based research business, which will lead to the termination of about 90 jobs. CLSA will continue to offer execution and trading services, according to a statement.

Stock markets around the world trade mixed. Hong Kong's Hang Seng (-0.8%) lagged in Asia and Britain's FTSE (+0.1%) holds a small gain in Europe. The S&P 500 is set to open little changed near 2,371.

Earnings reports keep coming. AutoZone, Domino's Pizza, Target, and Valeant Pharmaceuticals are among the names releasing their quarterly reports ahead of the opening bell while Ross Stores, Salesforce.com, and Weight Watchers report after markets close.

US economic data is heavy. GDP will be announced at 8:30 a.m. ET before S&P Case-Shiller home prices and Chicago PMI cross the wires at 9 a.m. ET and 9:45 a.m. ET, respectively. Data concludes with the 10 a.m. ET release of consumer confidence. The US 10-year yield is unchanged at 2.36%.

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