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

1. Wall Street will start the week lower after Friday’s rally

Traders operate on the floor of the New York Stock Exchange (NYSE) in New York City on October 15, 2021.

Spencer Platt | Getty Images

Dow futures fell more than 150 points Monday on a busy week for corporate earnings on a backdrop of rising US oil prices and rising bond yields. The Dow component Disney also put pressure on the broader market, losing more than 2% in the premarket after Barclays downgraded the stock from overweight to the same weight as it cited concerns about a significant slowdown in growth for the Disney + streaming service. The Dow Jones Industrial Average, S&P 500, and Nasdaq rebounded on Friday and throughout last week.

  • The flood of profits pauses on Monday, but picks up again on Tuesday with coverage from Netflix, Johnson & Johnson, United Airlines and Procter & Gamble.
  • So far, according to data from FactSet, 41 S&P 500 companies have delivered third quarter results, 80% of which have exceeded EPS expectations.
  • Taking into account the previously published estimates and estimates for the rest, third quarter earnings growth would be 30%, the third highest quarterly earnings growth rate for S&P 500 companies since 2010.
  • The Dow was less than 1% from its record high on August 16. The S&P 500 was nearly 1.5% off its record high on September 2nd. The Nasdaq has traded at 3.1% since its record close on September 7th.

2. WTI exceeds $ 83 per barrel; Bond yields rise

US oil prices, as measured by West Texas Intermediate crude oil, rose another 1% to top $ 83 a barrel, their highest level since October 2014. Behind the rise is an ongoing recovery in demand as Covid-weakened business picks up. and so high, of course, gas and coal prices encourage the switch to heating oil and diesel in power generation. WTI had risen three sessions in a row, up 3.7% last week for the eighth positive week in a row, the best weekly winning streak in May 2015.

The 10-year US Treasury yield rose again towards 1.62% earlier in the week. Before this level was exceeded at the beginning of the month, it was the last time in June. The 10-year yield, which is contrary to price, was increased on Friday after data showed US retail sales rose 0.7% in September, versus an expected 0.2% decline. Industrial production numbers for September will be released at 9:15 a.m. ET, with estimates calling for a 0.2% increase after a 0.4% increase in August.

3.China’s GDP disappoints, Q3 growth slows to 4.9%

Many factories had to stop production at the end of September as a rise in coal prices and a power shortage caused local authorities to abruptly cut off electricity. In August, the struggles of giant developer China Evergrande came to the fore. Moody’s estimates that real estate and related industries account for about a quarter of China’s GDP.

4. According to ProShares, Bitcoin ETF will debut on Tuesday

Bitcoin on display.

Chesnot | Getty Images

Bitcoin crept near its all-time high in April near $ 65,000 and rose about 1.5% to more than $ 61,000 early Monday before heading lower. An ETF from ProShares, which tracks the Bitcoin futures market, will trade on the NYSE on Tuesday under the ticker BITO, the company confirmed. The world’s largest digital currency hit a six-month high of over $ 60,000 on Friday in anticipation of ETFs launch. After breaking its record in April, Bitcoin, known for its volatility, collapsed and even traded below $ 29,000 in June before rebounding.

5. Apple is likely to complete the transformation of its MacBook range

2020 MacBook Air with M1 chip

Todd Haselton | CNBC

Apple is holding a launch event on Monday to announce new products, including likely a redesigned MacBook Pro. The company has a chance to get its Macs going ahead of the holiday season, especially as it is expected to announce more computers that run on its own chips instead of Intel’s processors. Last month, Apple announced and subsequently released new iPhones, iPads, and Apple Watches, making Macs the main remaining line of products that wasn’t updated this fall. Apple is also likely to announce a release date for macOS Monterey, the latest version of Mac software that was announced in June but not officially released yet.

– Reuters contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.