5 things to know before markets open on Tuesday

Happy Tuesday. Warren Buffett is teaming up with the NBA’s Stephen Curry to bring back his iconic charity lunch.

Stock futures are rising this morning. of S&P500 Yesterday’s session ended within range of the modified area.

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

Average U.S. gasoline prices reached $4 per gallon today for the first time since 2022. It’s an unwelcome development as Wall Street comes to the end of a tough month in which stocks were hit by soaring oil prices due to the war between the U.S. and Iran.

The trends in stocks and assets in March, with one business day left in the month, are as follows:

All three major indexes are on track to post their worst monthly and quarterly losses since 2022. Dow Jones Industrial Average He is on track to end his 10-month winning streak. CBOE Volatility IndexThe index, known as Wall Street’s fear gauge, rose more than 50% in March. By 2026, it will more than double.West Texas IntermediateMay futures are recording their highest monthly rate of increase in about six years. WTI crossed the $100 mark yesterday for the first time since 2022. Meanwhile, May futures on international benchmark Brent have soared about 55% this month. If these gains hold today, it would be the benchmark’s largest monthly gain in history. Meanwhile, gold and silver fell more than 13% and 24%, respectively, as investors fled precious metals following a monster rally. Stock futures are rising this morning after reports that President Donald Trump has told aides he is willing to end the war even if the Strait of Hormuz remains largely closed. Follow live market updates here.

Federal Reserve Chairman Jerome Powell yesterday offered some reassurance to investors worried that soaring oil prices could lead to interest rate hikes. Powell, speaking at Harvard University, said the outlook for inflation was stable, meaning the central bank did not need to increase borrowing costs due to oil prices.

He also said he thinks the current interest rate target is “the right place” for the Fed to assess how wars and tariffs will affect prices. After Chairman Powell appeared on the scene, traders’ odds of a rate hike plummeted.

Meanwhile, Fed President Stephen Milan told CNBC yesterday that monetary policymakers could ignore rising energy prices and lower interest rates. Milan said there were no signs of a wage price spiral or rising inflation expectations that would concern oil costs.

Opendoor is acquiring part of Doma, a real estate technology company that uses artificial intelligence to make real estate closings more affordable. As CNBC’s Diana Orrick reports, Opendoor will take over Doma’s closing and escrow business.

The partnership is an effort to lower mortgage refinancing costs and comes as the real estate industry anticipates a decline in mortgage refinancing applications. Mortgage interest rates rose sharply due to the Iran war.

novo nordisk is launching a multi-month Wegovy subscription to help you catch up Eli Lilly We are in the race to acquire GLP-1 users.

The drug company announced this morning that eligible patients can choose a three-, six-, or 12-month subscription for injections or doses of the new Wegovy tablets. As CNBC’s Annika Kim Constantino reports, long-term packages come with lower monthly fees, which can save users hundreds of dollars.

The product launch comes as Novo prepares for a new oral GLP-1 from rival Eli Lilly, expected later this year. Eli Lilly currently leads the U.S. branded GLP-1 market with an estimated 60% share.

jet blue is increasing its checked baggage fees by at least $4 to combat rising fuel costs. The New York-based airline said price increases are “never ideal” and that such changes would be made “only when necessary.”

This is not the only example of companies passing costs on to consumers. In China, manufacturers of everything from pickleball paddles to scarves told CNBC’s Eunice Yun that Americans should be prepared to pay more. Some suppliers have warned that the United States could also start experiencing product shortages if the Strait of Hormuz is closed for an extended period.

CNBC’s Matt Peterson recently spoke with Tyler Goodspeed, who led the White House Council of Economic Advisers during the Trump administration. Read the full Q&A here.

—CNBC’s Sean Conlon, Spencer Kimball, Lisa Han, Jeff Cox, Diana Orrick, Annika Kim Constantino, Leslie Josephs, Eunice Yun and Matt Peterson contributed to this report. Josephine Rozzelle edited this version.