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5 things to know before the stock market opens Monday

  • The S&P 500 closed above 5,000 on Friday as major U.S. stock averages notched their fifth straight positive week.
  • The Kansas City Chiefs won their second straight Super Bowl.
  • The Senate advanced a long stalled bill to send aid to Ukraine, Israel and Taiwan.

Here are the most important news items that investors need to start their trading day:

The S&P 500 closed above 5,000 on Friday for the first time as U.S. stocks continued their steady climb. The S&P, Dow Jones Industrial Average and Nasdaq have all risen for five straight weeks. A slate of earnings and a handful of key economic data points will help to determine whether equities notch more records this week. Consumer price index inflation data due Tuesday will help to chart the Federal Reserve's interest rate policy path. January retail sales figures set for Thursday will also offer another gauge of consumer health. Follow live market updates here.

The Kansas City Chiefs won their second straight Super Bowl on Sunday, and their third in the last five years. They defeated the San Francisco 49ers 25-22 in only the second NFL championship game that has gone to overtime. As always, advertisers jockeyed for the spotlight. They included mainstays like Budweiser and PepsiCo, along with newer faces such as DoorDash. Microsoft touted AI, while Kia showcased a new electric vehicle. Meanwhile, Beyoncé used a Verizon ad to announce she will release a new album in late March.

The Senate on Sunday advanced a long jammed up bill that includes $95 billion in aid to Ukraine, Israel and Taiwan. The measure moved forward with 67 votes and could pass in the coming days. A larger version of the plan, which included border security measures Republicans opposed, previously failed.

Read more on cnbc.com
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