10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, LULU)

Reuters/Jason Lee

Here is what you need to know.

Stocks dive following report Trump will crack down on Chinese companies investing in the US. The Dow Jones industrial average fell 600 points from its highs on Tuesday after reports surfaced suggesting the Trump administration could move to block China from investing in certain types of US tech companies.

Global markets are under pressure. Hong Kong’s Hang Seng (-2.5%) led the decline in Asia and Germany’s DAX (-1.28%) trails in Europe. The S&P 500 is set to open lower by 0.14% near 2,609.

The choppy trading that’s rocking stocks is an ominous sign for the future of the bull market. Bank of America Merrill Lynch argues the uptick in volatility is characteristic of a late-cycle environment — the type that normally precedes significant equity losses.

The 10-year yield is near a 2-month low. The benchmark yield is down 2 basis points at 2.75%, and at its lowest level since the beginning of February. It peaked at 2.95% on Febraury 21.

Xi Jinping and Kim Jong Un met in China on Monday. During the meeting, which was the North Korean leader’s first with a world leader since he assumed power in 2011, Kim reportedly said North Korea was “committed to denuclearization on the peninsula.”

Egg prices are surging into Easter. The wholesale cost of a dozen eggs in the Midwest has jumped to $2.71, leaving it within reach of the record high of $2.77 set in August 2015, Bloomberg says, citing US Department of Agriculture data.