5 Things to Know Before the Stock Market Opens

Stock futures pointed lower early Monday after the S&P 500 notched its longest winning streak in 20 years and market watchers readied for this week’s Fed meeting.

Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett announced his retirement plans as the conglomerate reported falling earnings and larger cash holdings; investors are watching Palantir (PLTR) and Ford (F) ahead of their earnings reports later today; Netflix (NFLX), Comcast (CMCSA) and Disney (DIS) shares were lower after President Trump called for tariffs on foreign-made films; market watchers prepare for the Federal Reserve’s interest rate decision later this week.

Here’s what investors need to know today.

1. US Stock Futures Fall as S&P 500 Starts Week on Longest Winning Streak in 20 Years

Stock futures moved lower as investors looked to build on the recent winning streak in markets ahead of this week’s Federal Reserve interest rate decision and a raft of earnings reports.

S&P 500 futures were down 0.8% premarket after the benchmark index rose 3% in the prior week as it extended its winning streak to nine straight sessions, its longest rally in 20 years. Nasdaq futures were down by more than 0.9%, while Dow Jones Industrial Average futures were lower by 0.6%. Those indexes also advanced last week. Bitcoin (BTCUSD) slipped, trading around $94,500. The yield on the 10-year Treasury note was around 4.3%. Gold futures gained to move past $3,300 an ounce, while oil futures dipped.

2. Buffett Announces Plans to Retire, Criticizes Tariffs As Berkshire Earnings Fall

Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett at the company’s weekend annual shareholder meeting said that he would retire at the end of the year after leading the conglomerate since 1965. The announcement came after the company reported first-quarter operating earnings that dropped 14.1% year-over-year as its insurance underwriting business took a hit and it increased its cash holdings. Buffett also criticized President Donald Trump’s tariffs policy, arguing that “trade should not be a weapon.” Berkshire Hathaway shares were lower by around 2% in premarket trading.

3. Investors Watch Palantir, Ford Shares Ahead of Earnings

Investors are watching Palantir (PLTR) and Ford (F) ahead of their earnings reports scheduled for after the market’s close today. Palantir shares pointed higher in premarket trading as analysts tracked by Visible Alpha anticipate that the artificial intelligence software firm will report a 36% year-over-year jump in revenue to increase adjusted earnings per share to 13 cents. Ford shares were little changed; the automaker’s report comes as Trump’s tariffs on vehicles and parts threatens to increase the company’s costs. Tyson Foods (TSN), Clorox (CLX) and Onsemi (ON) are also scheduled to report today.

4. Netflix, Disney, Comcast Fall After Trump’s Call for Film Tariffs

Shares of movie studios fell after Trump announced in a weekend Truth Social post that he would impose 100% tariffs on foreign-made films to rescue what he called a “dying” U.S. film industry. Trump cited incentives by foreign countries to entice studios to film movies there. Netflix (NFLX) shares were lower by 5% in premarket trading while shares of Universal Pictures parent Comcast (CMCSA) were down by 0.75%. Disney (DIS) shares were lower by 2% on Trump’s announcement. Tthe studio recorded $76 million in opening weekend action for its Marvel film “Thunderbolts.”

5. Investors Await Fed Decision, Economic Data, More Earnings

Investors were preparing for this week’s Federal Reserve interest rate decision which comes after a jobs report showed that employers continued to add jobs in April. The Fed is expected to keep interest rates at their current levels when it concludes its meeting on Wednesday. Market watchers were also eyeing other upcoming economic and earnings releases, including services sector data today, trade balance data on Tuesday and consumer credit on Wednesday. Investors are also watching for earnings from Advanced Micro Devices (AMD), Uber Technologies (UBER) and Walt Disney (DIS) in the coming days.