5 things to know before the stock market opens on Monday.

The S&P 500 is in its longest stretch without a 2% sell-off since the financial crisis.
Federal regulators found weaknesses with resolution plans for four of the eight largest banks.
Target has tapped Shopify to add sellers to its third-party marketplace.

Here are five key things stock market need to know to start the trading day:

1. Smooth sailing

Despite Friday’s 0.16% decline, the S&P 500 gained 0.6% for the week. Recent gains in the broad market index have been accompanied by relatively low volatility. According to FactSet data provided by CNBC, the S&P 500 has not sold 2.05% for 377 days, the longest stretch for the benchmark since the Great Financial Crisis. The Dow rose 1.45% for its highest weekly performance since May, while the Nasdaq Composite ended the week flat. Investors will be watching this week for data on the Fed’s preferred measure of inflation, which is expected to be released on Friday. Get real-time market updates.

2. Living wills

Banking officials said Friday they had found flaws in four of the eight largest U.S. lenders’ resolution plans, or “living wills.” Large financial firms have living wills that outline their credible strategies to divest themselves in the event of difficulty or collapse. The 2008 global financial crisis necessitated regulatory actions.

According to the Federal Reserve and the Federal Deposit Insurance Corporation, Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America submitted inadequate plans for 2023. , he took issue with businesses’ proposed unwinding of their large derivatives positions. Wall Street transactions linked to stocks, bonds, currencies or interest rates are known as derivatives. Of the four, Citigroup was deemed by the FDIC to have the more significant “deficiency.” its plan wouldn’t allow for an orderly resolution under the U.S. bankruptcy code, though the Fed didn’t concur.

3. Target plus Shopify

Target is exploring new product lines. Target Plus, its third-party marketplace, is open to companies partnering with e-commerce startup Shopify, the big-box retailer announced Monday. According to Target, the collaboration will enable them to identify popular products with lesser-known or emerging brands and make them instantly accessible to online consumers.

Target said its Marketplace has gained momentum, but has struggled with growth in recent quarters, particularly with its e-commerce segment. This is bringing the company together. Compared to rivals like Walmart and Amazon, Target’s third-party business is small, but these marketplaces are more profitable because retailers get a percentage of sellers’ revenue and can sell advertising.

4. Nvidia who?

Investors are hearing this name a lot. But outside the stock exchange? Not that way. With a market capitalization of more than $3 trillion, Nvidia this week surpassed Microsoft as the largest corporation globally. However, the company’s name awareness remains low despite its historic price increases. In fact, according to Interbrand’s current ranking of the most famous brands, it only makes it into the top 100 most prestigious names.

By the end of 2023, the top four brands worldwide are tech titans Apple, Microsoft, Amazon and Google. Notably, demand for artificial intelligence chips—which mostly comes from a small number of very large corporate buyers—has fueled Nvidia’s market share.

5. Sip on this

For some gay men, the traditional vodka soda has become their drink of choice and cultural symbol. Others are now starting to notice. Its place in the contemporary LGBTQ+ zeitgeist has drawn interest from local bar owners and makers of canned cocktails, among other business people. “It’s something you see everywhere,” remarked Lucas Hilderbrand, University of California, Irvine Professor of Cinema and Media Studies.

Prominent brands like Kylie Jenner’s Sprinter line and Boston Beer’s Truly brand are following suit with canned vodka sodas. World of Wonder, the company that produces “RuPaul’s Drag Race,” is also part of the trend, introducing a “Vodka Soda Citrus” canned drink earlier this year. More modestly sized businesses, such as July-founded Gay Water, are also interested to stake their claim in the aisles and represent LGBTQ+ customers in stores.

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