5 things to know before the stock market opens Wednesday, April 6

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stock futures sink in what would add to Tuesday’s drop on Fed worries

Traders on the floor of the NYSE, March 31, 2022.

Source: NYSE

2. Bond yield rise, pushing up mortgage rates, driving down home loan demand

3. Oil CEOs, Yellen to testify at separate hearings on Russia-Ukraine war

4. JetBlue tops Frontier with $3.6 billion all-cash offer for Spirit Airlines

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

JetBlue Airways made an unsolicited $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit’s deal to combine with rival discount carrier Frontier Airlines. Spirit said its board was evaluating JetBlue’s proposal, which is 33% higher than Frontier’s stock-and-cash offer. Trading in Spirit shares was halted before Tuesday’s market close after the stock spiked more than 22%. Spirit’s shares were lower in Wednesday’s premarket. Frontier was also lower in the premarket.

5. Musk spent $2.64 billion on Twitter shares so far this year, filing shows

Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan.

Rebecca Cook | Reuters


Jinggo B Danuarta

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