Russia's top diplomat comments keep futures markets stable.

BY THE NUMBERS

Goldman Sachs predicts that the market pullback will be more severe if Russia invades Ukraine than if it annexes Crimea.

Since 2019, the stock market has topped 2% for the first time after Thursday's 12-month gain in consumer prices since 1982 and again on Friday. Additionally, U.S. Secretary of State Antony Blinken stated that a Russian invasion in Ukraine could begin at any time. On Monday, the 10-year yield turned positive due to Lavrov comments, pushing back to 1.98%. (CNBC)

IN THE NEWS TODAY

On Monday, St. Louis Fed President James Bullard reiterated his desire to see interest rates rise by 100 basis points by July on CNBC. He emphasized the importance of maintaining credibility in dealing with inflation, and suggested that the Fed should "front-load" tightening. Bullard's rate call caused market turmoil on Thursday. (Source: CNBC)

On Friday, the Dow Jones Industrial Average tumbled 503 points, or 1.4%, while the S&P 500 dropped 1.9% and the Nasdaq Composite shed 2.8%. Despite this, all three stock benchmarks were lower for the week. Traders are pricing in about a 55% chance of seven Fed rate hikes this year, according to the CME. The central bank releases minutes from its January meeting on Wednesday. (Source: CNBC)

In the upcoming week, there will be crucial inflation data, including the January producer price index on Tuesday and the January consumer price index (CPI) report, which is expected to be hot after the CPI. The rising inflation has negatively impacted consumer sentiment, prompting economists to closely monitor consumer spending. As a result, January's retail sales data, which will be released on Wednesday, will be critical to observe. (Source: CNBC)

On Wednesday, there will be a final rush of big earnings from and , followed by Deere on Friday. Despite more than 70% of S&P 500 companies already having reported financial results, over three-quarters of them beat on earnings. However, 47% of S&P 500 names issued negative EPS guidance. (CNBC)

The Ambassador Bridge, which accounts for 25% of all trade between the U.S. and Canada, was reopened to traffic Sunday night after police in Windsor, Ontario, arrested 25 to 30 demonstrators and towed several vehicles. The busiest U.S.-Canada border crossing had been closed for nearly a week due to protests against Covid restrictions.

The FDA granted emergency use authorization to Eli Lilly's (LLY) new Covid-19 antibody drug for use in adults and adolescents, despite earlier Covid treatments receiving limitations due to their ineffectiveness against the omicron variant. (Reuters)

The women's figure skating competition at the Beijing Winter Olympics will not have a medal ceremony moment for Russian teenager Kamila Valieva, who has been cleared to compete despite failing a pre-Games drug test.

The Los Angeles Rams' Cooper Kupp, who was named Super Bowl MVP, had eight receptions for 92 yards and two touchdowns, including a 1-yard catch from quarterback Matthew Stafford with 1:25 remaining that gave the Rams a 23-20 win and their second Vince Lombardi Trophy. (AP)

Ivan Reitman, the producer of "Ghostbusters" and "National Lampoon's Animal House," has passed away at the age of 75. He was a key figure in bringing young baby boomers from fringe comedy clubs to blockbuster success.

STOCKS TO WATCH

According to The Wall Street Journal, Cisco Systems (CSCO) made a $20 billion takeover bid for cloud software company Splunk (SPLK), which would be the networking equipment maker's largest-ever acquisition. Splunk's shares surged 7.9% in the premarket, while Cisco shares fell 1%.

Australian casino operator Crown Resorts was acquired by Blackstone (BX) for $6.3 billion. The transaction is subject to shareholder and regulatory approval, and is expected to be completed during the second quarter. Blackstone's stock fell 2.6% in the premarket.

Lockheed Martin (LMT) has scrapped its $4.4 billion deal to acquire rocket motor manufacturer Aerojet Rocketdyne (AJRD) after federal regulators filed a lawsuit to block the transaction in January. As a result, Aerojet Rocketdyne's stock price dropped by 2.2% in premarket trading, while Lockheed Martin's stock price increased by 0.5%.

Nearly 20 million Rivian shares were bought by Soros Fund Management in the fourth quarter of 2021, worth about $2 billion at the time of purchase. However, the value of the stake has fallen to approximately $1.17 billion, with Rivian down 1.8% in premarket trading.

Jitse Groen, CEO of Just Eat Takeaway (GRUB), stated on a Dutch TV program that the company's decision to delist from the Nasdaq does not indicate any intention to sell its Grubhub unit. Groen explained that the delisting is a cost reduction measure. The company's shares fell 1.3% in premarket action.

The FDA granted emergency use authorization to Eli Lilly's new Covid-19 antibody drug for use in adults and adolescents, despite earlier Covid treatments receiving limitations due to their ineffectiveness against the omicron variant.