5 things to know before the stock market opens Monday

• Stock futures slipped Monday morning after polishing off a winning week.
• Market expectations for an interest rate reduction dropped after job and wage growth in May came in better than expected.
• French President Emmanuel Macron is dissolving the nation's parliament and calling for a new legislative election.

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

Stock futures slipped Monday morning after polishing off a winning week on Friday. Dow Jones Industrial Average futures fell by about 0.2%, while S&P 500 futures and Nasdaq 100 futures ticked fractionally lower. Nvidia stock, increasingly a market driver of late, was also down in premarket trading. Shares of the AI-enabling chipmaker were down 0.2% after a 10-1 split took effect. Shares now trade for around $120 apiece. Follow live market updates.

Good jobs news Friday was bad news for investors waiting for the Federal Reserve to cut rates. Market expectations for an interest rate reduction dropped after job and wage growth in May came in better than expected. Fed funds futures pricing now indicates almost no chance of a rate cut at policy meetings this month and next month, and only a 54% probability in September. Hopes for easier monetary policy — and bigger stock market returns that could come with it — have dwindled this year as inflation remains higher than the Fed's 2% target. The consumer price index due Wednesday and the producer price index set for Thursday will both help to determine the central bank's rate path ahead.

GameStop came back to Earth on Friday. The video game retailer's shares tumbled 40% after it reported sales fell 29% in the first quarter, and it said it planned to sell more stock. Not even a livestream from the