Stocks Plunge, Week Ahead, Tesla, Gas, Bitcoin – 5 Things To Know

Here are five things you must know for Monday, June 13:

1. — Stock Futures Tumble As Recession Alarm Flashes Red

US equity futures plunged lower Monday, while Treasury bond yields surged to the point where short-term rates signaled recession, as investors bet on faster and deeper rate hikes from the Federal Reserve following last week’s hotter-than-expected inflation data.

US consumer prices rose by the fastest annual pace in more than four decades last month, the Commerce Department said, thanks in part to soaring energy and food prices. Core CPI, however, also marched higher, putting paid to any suggestion that inflation dynamics are set to ease over the coming months.

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