5 Things to Know Before the Stock Market Opens [Video]

The global market selloff is deepening, following Friday’s U.S. markets rout triggered by a weaker-than-expected jobs report that spurred fears of slowing growth and increasing skepticism that huge outlays by the Magnificent Seven into artificial intelligence (AI) may not pay off. U.S. stock futures and bond yields are slumping as Federal Reserve rate-cut bets rise, while Japan’s Nikkei plunged; bitcoin (BTC) is trading under $52,000 to its lowest level since February as investors abandon risk-on assets; Kellanova (K) is a rare bright spot today, as shares of the Pop-Tarts and Pringles maker are jumping in premarket trading on a report that candy giant Mars is in advanced talks to buy it; Palantir Technologies (PLTR) shares are tanking, dragged lower with much of the market and ahead of second-quarter earnings after the closing bell as investors await updates on its commercial segment growth and AI platform; and CrowdStrike (…