Morning Briefing: SoftBank sold shares in big tech last quarter

Moomoo Breakfast US wrote a column · Aug 18, 2021 05:36

Morning Briefing: SoftBank sold shares in big tech last quarter

By Julianna

Hey, moomooers! Here are things you need to know before the opening bell:

- Stock futures fell slightly on Wednesday, pointing to another day of declines for the Dow Jones Industrial average after it snapped a 5-day winning streak on Tuesday.

- SoftBank Group liquidated its stakes in several listed companies that worth around USD14 billion in total last quarter, nearly 3x the amount for the corresponding period of previous year.

Market Snapshot

Stock futures fell slightly on Wednesday, pointing to another day of declines for the Dow Jones Industrial average after it snapped a 5-day winning streak on Tuesday.

$Dow Jones Industrial Average(.DJI.US)$ futures shed 89 points, or 0.2%. $S&P 500 index(.SPX.US)$ futures and $NASDAQ 100 Index(.NDX.US)$ futures fell slightly.

Source: Bloomberg

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