Before the Bell | Musk claims he will pay more than $11b in taxes this year

Moomoo Breakfast US wrote a column · Dec 20, 2021 04:56

By Danilo

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

- Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.

- Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history.“For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday.

Market Snapshot

Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.

Futures on the $Dow Jones Industrial Average(.DJI.US)$ dropped 433 points, or 1.29%. $S&P 500 Index(.SPX.US)$ futures dipped 1.38% and $NASDAQ 100 Index(.NDX.US)$ futures declined 1.59%.

Source: Bloomberg

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Before the Bell | Musk claims he will pay more than $11b in taxes this year

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