5 things to know before the stock market opens Monday, June 6

Here are the most important news, trends and analysis that investors need to start their trading day:

Wall Street was set to take premarket increases into Monday’s open after a rough session Friday, led lower by the Nasdaq’s nearly 2.5% decline. The Nasdaq and the S&P 500 logged their eighth down week in the past nine but held the bulk of the prior week’s respective 6.8% and 6.6% gains. The Dow Jones Industrial Average dropped for its ninth week out of the last 10 but also kept more of the prior week’s more than 6.2% advance.

• Tech stocks, including Apple, rose in the premarket. Apple is set to hold its annual developers’ conference Monday. Shares of Amazon rose 1.5% to $124 each in the premarket, as the company’s 20-for-1 stock split goes into effect at Monday’s open. Crypto prices, which have recently traded in tandem with tech, bounced Monday, with bitcoin above $31,000.
• At the end of this trading week, investors and the Federal Reserve get a look at the latest consumer price index. Economists see inflation at the retail level in May rising a robust 8.2% year over year but again ticking lower for the second straight month.

Whether the U.S. has seen peak inflation or not, the surge in gas prices is showing no signs of abating. The national average at the pump reached nearly $4.87 per gallon as of Monday, according to AAA. California continued as the highest of any state, with gas costing an average of $6.34 per gallon there.

The reasons for the dizzying increases: more demand ahead of the summer driving season and a continued to rise in oil prices. In fact, West Texas Intermediate and Brent crude traded to…