Morning Briefing: Investors drive up Trump-linked SPAC by more than 350%
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were muted in early morning trading Friday after disappointing earnings reports from technology companies.
- The social-media company Snap posted revenue and user growth in the latest quarter but expects growth to slow.
- U.S. stock futures were muted in early morning trading Friday after disappointing earnings reports from technology companies.
- The social-media company Snap posted revenue and user growth in the latest quarter but expects growth to slow.
Market Snapshot
U.S. stock futures were muted in early morning trading Friday after disappointing earnings reports from technology companies.
$Dow Jones Industrial Average(.DJI.US$ futures gained 12 points. $S&P 500 Index(.SPX.US$ futures and $NASDAQ 100 Index(.NDX.US$ futures both traded in mildly negative territory.
Market Temperature
Top News
S&P 500 edges higher to record
The S&P 500 inched ahead to a record close, continuing a weekslong upward march driven by strong corporate earnings and optimistic numbers on the labor market.
The S&P 500 inched ahead to a record close, continuing a weekslong upward march driven by strong corporate earnings and optimistic numbers on the labor market.
Democrats weigh tax alternatives to fund $2 trillion package
Sen. Kyrsten Sinema objected to any increases in top marginal rates on corporations, individuals or capital gains.
Sen. Kyrsten Sinema objected to any increases in top marginal rates on corporations, individuals or capital gains.
Bitcoin is back near record highs, and a Houston Pension Plan dives in
The fund for the city's firefighters buys $25 million of the cryptocurrencies bitcoin and ether, as digital assets attract institutional investors.
The fund for the city's firefighters buys $25 million of the cryptocurrencies bitcoin and ether, as digital assets attract institutional investors.
Fed imposes new restrictions on officials' investment activities
Rules prohibiting trading of individual stocks and bonds, when officials can buy diversified securities, follow revelations of active trading last year as the Fed responded to Covid-19.
Rules prohibiting trading of individual stocks and bonds, when officials can buy diversified securities, follow revelations of active trading last year as the Fed responded to Covid-19.
WeWork shares rise on first day of trading, two years after failed IPO
The shared-office company, which combined with a SPAC, has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19. $WeWork(WE.US$
Snap's stock drops as it blames Apple for hurting its ad business
The social-media company posted revenue and user growth in the latest quarter but expects growth to slow. $Snap Inc(SNAP.US$ $Apple(AAPL.US$
The shared-office company, which combined with a SPAC, has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19. $WeWork(WE.US$
Snap's stock drops as it blames Apple for hurting its ad business
The social-media company posted revenue and user growth in the latest quarter but expects growth to slow. $Snap Inc(SNAP.US$ $Apple(AAPL.US$
Facebook is rebuked by oversight board over transparency
The board said the company hadn't been forthcoming about how it exempts high-profile users from its rules and that it is drafting recommendations for how to overhaul the system, following a WSJ investigation. $Facebook(FB.US$
The board said the company hadn't been forthcoming about how it exempts high-profile users from its rules and that it is drafting recommendations for how to overhaul the system, following a WSJ investigation. $Facebook(FB.US$
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Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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