5 things to know before the stock market opens Monday

Traders work on the floor of the New York Stock Exchange on March 30, 2022 in New York City.

After Friday's plunge on Wall Street, stock futures pointed to a decline. Concerns about how aggressive the Federal Reserve will be with interest rates hikes to fight inflation sent the stock market down for the fourth week in a row. For the third straight week, the S&P 500 and the Nasdaq lost ground. The market closed in a bear market. The yield on the 10-year Treasury retreated from last week's highs.

Resident in a so-called containment building looking out of their balconies on April 24, 2022 in Shanghai, China as the city battles its worst Covid outbreak since the start of the pandemic.

Concerns over how long Covid lockdowns in Shanghai and further increases to U.S. rates might hurt global growth and crude demand led to a 4.5% decline in oil prices on Monday. China's struggle to contain its worst Covid outbreak in its biggest city and rising cases in Beijing slammed Chinese stocks. The Shenzhen component fell by 6. The Hang Seng index fell in Hong Kong. The Japanese stock market dropped nearly 2%.

Bottles of Coca Cola products are displayed in a cooler at Colonial Liquors on February 10, 2022 in Corte Madera, California.

Consumers drank more of Coca-Cola's trademark soda, Powerade and other beverages as the company's earnings and revenue topped expectations. Despite the suspension of its Russian business, the company maintained its full-year revenue and earnings outlooks. This week is the busiest of the earnings season, with about 160 companies in the S&P 500 expected to report.

Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. 

There are reports that the company could reach a deal with Musk as early as today. Musk offered to buy the social media company earlier this month, but it became more receptive after Musk revealed $46.5 billion in secured financing. A source close to the situation told CNBC that the board met Sunday to discuss Musk's financing plan.

Ukraine’s President Volodymyr Zelenskiy attends a meeting with U.S. Secretary of State Antony Blinken and U.S. Defense Secretary Lloyd Austin, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine April 24, 2022. Picture taken April 24, 2022. 

The Secretary of State and Defense Secretary visited Ukraine on Sunday to discuss military aid with the president. The highest-level visit to Ukraine by U.S. officials since the invasion began was held in Kyiv, where the US pledged $700 million in military financing. Russia's invasion of Ukraine entered its third month on Sunday.

CNBC's Sarah Min, Amelia Lucas, Jessica Bursztynsky,Natasha Turak, Holly Ellyatt, and others contributed to the report.

For the CNBC Investing Club to follow Jim Cramer, sign up now. You can follow the broader market action on CNBC Pro.