Morning Briefing: Ark fans breathe sighs of relief as Cathie Wood mounts comeback
By Jimmy
Good morning moomooers! Here are things you need to know before the opening bell:
- Futures contracts tied to the major U.S. stock indexes rose early Monday morning after the S&P 500 notched its best week since February, as well as a new record, on Friday.
- Stocks making the biggest moves in the premarket: Intellia Therapeutics, Reshape Lifesciences, Alfi Inc, Virgin Galatic Holding& more
Market Snapshot
Futures contracts tied to the major U.S. stock indexes rose early Monday morning after the S&P 500 notched its best week since February, as well as a new record, on Friday.
Futures tied to $S&P 500 Index(.SPX.US$hovered above the flatline and those linked to the $Dow Jones Industrial Average(.DJI.US$fell 17 points. $Nasdaq Composite Index(.IXIC.US$futures traded mildly higher.
Futures contracts tied to the major U.S. stock indexes rose early Monday morning after the S&P 500 notched its best week since February, as well as a new record, on Friday.
Futures tied to $S&P 500 Index(.SPX.US$hovered above the flatline and those linked to the $Dow Jones Industrial Average(.DJI.US$fell 17 points. $Nasdaq Composite Index(.IXIC.US$futures traded mildly higher.
Crypto
The apex cryptocurrency $Bitcoin(BTC.CC$traded 5.90% higher at $34,803.90 at press time over 24 hours. $Ethereum(ETH.CC$traded 12.14% higher at $2,057.34 at press time over 24 hours.
The apex cryptocurrency $Bitcoin(BTC.CC$traded 5.90% higher at $34,803.90 at press time over 24 hours. $Ethereum(ETH.CC$traded 12.14% higher at $2,057.34 at press time over 24 hours.
$Dogecoin(DOGE.CC$traded in the green higher by 4.84% at $0.2573 over 24 hours. For the week, DOGE traded 5.46% lower.
Britain's Financial Conduct Authority said that Binance Markets Limited "is not permitted to undertake any regulated activity in the U.K." From June 30, Binance must notify U.K. users of the FCA's action in a prominent place on its website and apps. It's the latest sign of a growing crackdown on the crypto market from regulators around the world.
Premovers
Stocks making the biggest moves in the premarket: Intellia Therapeutics, Reshape Lifesciences, Alfi Inc, Virgin Galatic Holding& more
$Intellia Therapeutics(NTLA.US$Intellia Shares Up Premarket After Company and Regeneron Announced on Saturday Clinical Data Showing Deep Reduction in Disease-Causing Protein After Single Infusion of NTLA-2001 for Treatment of Transthyretin Amyloidosis.
Stocks making the biggest moves in the premarket: Intellia Therapeutics, Reshape Lifesciences, Alfi Inc, Virgin Galatic Holding& more
$Intellia Therapeutics(NTLA.US$Intellia Shares Up Premarket After Company and Regeneron Announced on Saturday Clinical Data Showing Deep Reduction in Disease-Causing Protein After Single Infusion of NTLA-2001 for Treatment of Transthyretin Amyloidosis.
$ReShape Lifesciences(RSLS.US$Up Market Research (UMR) announces the release of a new report, “Implantable Neurostimulator Sales Market Research Report 2021″. The statistics and insights provide an in-depth look into the market and opportunities. ReShape Lifesciences was mentioned in the report as one of the key players in the market.
$ALFI INC(ALF.US$ALFI Inc announced that its Board of Directors authorized a share repurchase program for up to $2 million of its outstanding common stock on Tuesday.
$Virgin Galactic(SPCE.US$Virgin Galatic gets FAA approval to fly customers to space
Richard Branson's company is competing with Blue Origin, founded by Jeff Bezos, in race to carry space tourists on short suborbital flights.
Richard Branson's company is competing with Blue Origin, founded by Jeff Bezos, in race to carry space tourists on short suborbital flights.
Top News
White House, Senate negotiators try to keep infrastructure deal alive
The bipartisan deal on a central plank of Biden administration policy faces an uncertain future as Democrats seek a broader antipoverty effort.
China's industrial profit growth slows in May on base effect
The country's industrial profits rose 36.4% from a year earlier in May, slowing from April's 57% growth, as a lower base comparison tapered off.
Commodities remain popular bet despite recent declines
Many commodities from copper to lumber have dropped from their peak pandemic prices, but investors remain bullish on many raw materials.
Fed's Rosengren says it is time to weigh pulling back stimulus
Federal Reserve Bank of Boston President Eric Rosengren said Friday he is ready to debate pulling back on the U.S. central bank's support for the economy, in part over concerns that ultra easy credit could destabilize it.
Americans leave unemployment rolls faster in states cutting benefits
Some Missouri businesses see an uptick in applications after the state set a June end to pandemic jobless aid.
Bitcoin slumps toward another 'crypto winter'
The digital currency's latest selloff from heady highs points to a possible period of flat trading.
Consumer spending is primed to fuel summer growth
Household spending leveled off last month as consumers pulled back on big-ticket goods purchases and spent more on services.
US and HK mid-year market recap: Short squeezes take turns; Major US indexes hit records
Money-losing companies have flooded the secondary market
How to perform stock market due diligence before you invest IV
10 Top-Traded HK Stocks for Monday (6/28)
Ark fans breathe sighs of relief as Cathie Wood mounts comeback
US and HK mid-year market recap: Short squeezes take turns; Major US indexes hit records
Money-losing companies have flooded the secondary market
How to perform stock market due diligence before you invest IV
10 Top-Traded HK Stocks for Monday (6/28)
Ark fans breathe sighs of relief as Cathie Wood mounts comeback
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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David W Clark : Good Quick Read. I like that you don't write in great detail but just simple important facts.
LOL I had to laugh at the statement, "people are leaving unemployment rolls fast or faster in states that are CUTTING OFF UNEMPLOYMENT BENEFITS". No Really????
Nagaraja Jenu : Really?