5 things to know before the stock market opens Friday, February 25

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

1. Futures reverse earlier losses as fighting in Ukraine is assessed

The Nasdaq MarketSite in New York, on Friday, Jan. 28, 2022.

Michael Nagle | Bloomberg | Getty Images

2. Key inflation gauge favored by the Fed is still hot

3. Ukraine’s capital under threat as Russia presses invasion

Russia pressed its invasion of Ukraine toward the capital on Friday. The Russian military said it’s seized of a strategic airport just outside Kyiv and the city off from the west. The assault, anticipated for weeks by the U.S. and Western allies, amounts to the largest ground war in Europe since World War II. Biden was to meet Friday morning with fellow leaders of NATO governments in what the White House described as an “extraordinary virtual summit” to discuss Ukraine.

4. CDC to significantly ease Covid mask guidelines Friday

The Biden administration will significantly loosen federal Covid mask guidelines on Friday, according to The Associated Press. Under the new recommendations from the Centers for Disease Control and Prevention, most Americans will no longer be advised to wear masks in indoor public settings. The move comes as the omicron variant-driven wave of infection in the U.S. has subsided. The latest seven-day average of new daily Covid cases of 74,750 is down 90% since January’s record highs of the pandemic.

5. Biden has made decision on Supreme Court nominee

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