1. Futures plunge, with S&P 500 poised to fall back into a bear market U.S. stock futures sank Monday after the worst week on Wall Street since January.

The Dow Jones Industrial Average is set to open down 500 points, or 1.7%, on Monday, sinking further into a correction.

2. Soaring bond yields slam stocks as concerns about a recession mount The 2-year Treasury yield on Monday hit its highest level since 2007, trading around 3.16%.

3. The Fed is expected to hike rates 0.5% this week, but markets want more The Fed is set to hold its June meeting on Tuesday and Wednesday, with a 0.5% rate increase expected.

4. Bitcoin tumbles below $24,000 as the entire crypto market sells off Bitcoin tumbled 14%, to below $24,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto in a broader sell-off in risk assets.

5. The first post-SPAC electric vehicle maker declares bankruptcy EVstartup Electric Last Mile Solutions plans to file for Chapter 7 bankruptcy less than a year after going public.

First post-SPAC electric carmaker to declare bankruptcy. Chairman and founder Jason Luo and then-CEO Jim Taylor resigned in February after an internal inquiry discovered incorrect financial statements.

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