Today's stock futures are predicted to open lower, while oil prices decline.

BY THE NUMBERS

Wall Street began the week with a slight dip in U.S. stock futures, with Dow futures indicating an opening decline of about 160 points. Meanwhile, S&P 500 and Nasdaq futures were also in the red. At the same time, the 10-year Treasury yield rose to 2.76% to start the week. (CNBC)

Last week, the Nasdaq Composite experienced the largest decline, falling approximately 3.9%, as investors anticipated more aggressive policy tightening from the Federal Reserve. Meanwhile, the S&P 500 decreased by 1.27%, ending a three-week winning streak, and the Dow Jones Industrial Average dropped 0.28%. The Dow has now fallen for two consecutive weeks.

On Monday, U.S. benchmark West Texas Intermediate crude futures fell below $94 per barrel as oil prices dropped by more than 4%, while international benchmark Brent dropped about 4.1% to around $98.50 per barrel. (Reuters)

IN THE NEWS

On Monday, Twitter's shares fell in premarket trading after CEO Parag Agrawal announced on Sunday night that Elon Musk would not be joining the social network's board of directors. Agrawal did not disclose the reasons for Musk's decision, but warned about "distractions ahead." Despite this, Agrawal stated that Twitter would remain open to Musk's input. (Source: CNBC)

Inflation in China exceeded expectations in March, as the world's second-largest economy grapples with its worst wave of Covid infections since the start of the pandemic in early 2020.

Ukrainian President Volodymyr Zelenskyy urged South Korean lawmakers to provide military aid, stating that the country's sanctions on Russia alone cannot put an end to Moscow's invasion of Ukraine. In his video address, Zelenskyy emphasized that the "war is far from over" and indicated that tens of thousands of citizens in the port city of Mariupol have likely been killed. (Associated Press)

French leader Emmanuel Macron and far-right rival Marine Le Pen are set to face off in a final vote after exit polls showed the two politicians leading the first round of French presidential elections. Macron, who is the incumbent, was in first place, while Le Pen was second. The runoff is set for April 24. (CNBC)

STOCKS TO WATCH

The stock price of NIO dropped 8.4% in premarket trading after the company halted production due to supply chain disruptions caused by Covid-19.

JBLU is reducing its summer schedule to prevent flight disruptions while increasing hiring efforts. The airline's New York-based operations saw a 1% increase in premarket trading.

The Food and Drug Administration will review the evidence of efficacy for the experimental drug of (VERU) for treating hospitalized Covid-19 patients. The drugmaker reported “overwhelming” evidence of efficacy.

After agreeing to be acquired by private-equity firm Thoma Bravo for $6.9 billion or $65.25 per share, the cybersecurity company SAIL's premarket trading soared 29.5%.

The e-commerce platform company's stock price increased by 1.1% in the premarket after announcing a 10-for-1 stock split and the creation of a new "founder share" that would give CEO Tobi Lutke 40% more voting power.

After completing the spin-off of its WarnerMedia unit to Discovery Communications, Warner Brothers Discovery (WBD) added 1.9% in the premarket. The stock of the newly combined company will begin trading today under its new name and ticker symbol. Additionally, Deutsche Bank named Warner Brothers Discovery a "top pick" due to its strong entertainment content.

Nvidia slid 3% in premarket action after announcing it would seek shareholder approval to double the number of authorized shares. This would allow the semiconductor firm to take actions like stock splits and issuing equity incentives without requiring a further shareholder vote.

The home improvement retailer (LOW) experienced a 1% decline in the premarket following the announcement of David Denton's departure as chief financial officer. Denton is leaving to take up the same position at drugmaker (PFE). He will be replaced by Senior Vice President Brandon Sink on April 30.