5 things to know before the stock market opens on Thursday

Happy Thursday. It was a big night for the Knicks, and for a New York City bar that used prediction markets to hedge against customer taboos.

S&P 500 futures are down this morning. Major indexes continue to have declining days.

Here are five important things investors need to know to start their trading day.

Stocks fell sharply yesterday, weighed down by rising oil prices and US Treasury yields on the back of recent concerns about war with Iran. the result, S&P500 The longest winning streak in over a year has come to an end.

Here’s what you need to know:

In an interview with CNBC’s Sarah Eisen yesterday, Israeli Prime Minister Benjamin Netanyahu said that although he and US President Donald Trump have “tactical differences” over how to handle the Iran war, the two leaders “agree on the main points.”

Prime Minister Netanyahu also told CNBC that alternative means of transporting oil through the Strait of Hormuz are being developed and that he expects regime change in Iran, but “we cannot predict when that will happen.”

Hours after the exclusive interview, Israel and Lebanon announced in a joint statement with the United States that they had agreed to implement a ceasefire. Meanwhile, the Republican-led House of Representatives passed a resolution limiting President Trump’s war powers in an unprecedented rebuke to him.

SpaceX has set a fixed price of $135 per share ahead of its public market debut, according to a regulatory filing yesterday. Elon Musk’s space startup said it plans to sell 555.6 million shares, representing a $75 billion financing.

Assuming the EchoStar spectrum and Cursor deals close, SpaceX would be worth $1.77 trillion. As CNBC’s Leslie Picker and Annie Palmer note, that would make the company the seventh-largest company in the U.S. by market capitalization. Musk’s net worth could also exceed $1 trillion.

But SpaceX investors should be prepared for tough times, at least initially. Data shows that after a major IPO, stock prices tend to decline significantly in the first year.

broadcom The chipmaker’s shares fell 15% in after-hours trading after missing second-quarter revenue expectations yesterday. CEO Hock Tan further disappointed investors by leaving his full-year sales forecast for artificial intelligence chips unchanged.

Still, Broadcom said revenue was up 48% year over year, a sign of surging demand for its custom AI chips. The California-based company also said it expects earnings to beat expectations for the current quarter.

cloud strike Stock prices suffered a similar fate. Cybersecurity stocks fell about 10% overnight, even though both stocks performed well in the first quarter. The company also announced a 4-for-1 stock split.

The biggest World Cup in history begins next week, and public health officials are preparing to face their own enemy: infectious disease.

The Ebola outbreaks in Congo and Uganda have been declared a “public health emergency of international concern” by the World Health Organization. But infectious disease experts told CNBC’s Annika Kim Constantino that the risk of widespread Ebola transmission during the World Cup is low.

Instead, they are watching out for more contagious diseases that can be difficult to contain during large events that draw international visitors. The list includes measles, COVID-19 and influenza.

Sen. Thom Tillis (R.N.C.) yesterday slammed President Trump’s nomination of Bill Peult to head the U.S. National Intelligence Service. Regarding Pulte’s chances of being confirmed by the Senate, Tillis said in an interview with CNBC:

—CNBC’s Sean Conlon, Hugh Song, Hugh Leask, Chloe Taylor, Dan Mangan, Emma Graham, Kevin Brueninger, Leslie Picker, Annie Palmer, Sarah Min, Ali Levy, Kif Leswing, Samantha Subin, Annika Kim Constantino and Reuter contributed to this report.

CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.