Stocks set to open mixed this week with inflation, omicron news

The busy week kicks off with inflation and omicron top of mind for investors, and U.S. stocks are set to open mixed.

The Dow Jones Industrial Average went up over 300 points or 0.9%, while the S&P 500 gained 0.3%. The Nasdaq Composite fell over 0.4%.

The National Association of Business Economists released a new survey on Monday, which showed that inflationary pressures may increase. The CPI inflation is expected to remain elevated at 2.8% year-over-year by the end of 2022, compared to September's forecast of 2.4%.

Data on the Consumer Price Index will be released on Friday.

In stocks, Kohl's shares are in focus after activist firm Engine Capital called for the retailer to sell itself or break up.

Shares of Lucid Motors traded down after the company disclosed it was subject to a probe by the Securities and Exchange Commission via subpoena over the SPAC deal that took the company public.

After Reuters reported that the SEC is looking into its Solar City arm and issues with its solar panels, Tesla is in focus.

After a volatile week, investors are eyeingbitcoin, which saw the price of the coin below the $50,000 level it remained on Monday.

European shares went up after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after the troubled Chinese property developer Evergrande warned it may run out of money.

China s central bank has cut the amount of funds banks are required to keep in reserve in order to reassure investors and keep growth from stalling. It freed up 1.2 trillion yuan $190 billion for banks to lend.