Before the Bell | Russia says some troops pulling back from Ukraine border

Moomoo Breakfast US wrote a column · Feb 16, 2022 05:06

By Danilo

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

- U.S. stock index futures edged lower during morning trading Wednesday, after registering gains the previous day amid signs of tensions easing between Russia and Ukraine.

- Airbnb posted record revenue last year, becoming one of the biggest beneficiaries of a battered travel industry as consumers sought suburban rentals, and projected continued growth as it emerges from the pandemic.

Market Snapshot

U.S. stock index futures edged lower during morning trading Wednesday, after registering gains the previous day amid signs of tensions easing between Russia and Ukraine.

Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$ slipped 53 points, or 0.15%. $S&P 500 Index(.SPX.US)$ futures were nearly flat and $NASDAQ 100 Index(.NDX.US)$ futures were down 0.15%.

Source: Bloomberg

Market Temperature

Before the Bell | Russia says some troops pulling back from Ukraine border

Stock futures edge up as investors seek clarity on Ukraine
U.S. stock futures edged up after major Wall Street indexes snapped a three-day losing streak as investors cautiously monitored the situation on the Ukrainian borde

Russia says some troops pulling back from Ukraine border, as diplomatic solution sought
U.S. and European officials say they see no evidence of a significant drawdown of forces.

Biden administration seeking additional $30 billion for Covid-19 response
The request includes funds for antivirals, testing capacity and fighting future variants. Republicans are wary of further spending.

Senate Republicans block vote on Biden's Fed nominees
GOP lawmakers registered their opposition to the candidacy of Sarah Bloom Raskin as a top banking regulator.

Super Bowl wagers rise to records as online sports betting sweeps U.S.
FanDuel, DraftKings and BetMGM are grappling over market share as access to legal sportsbooks booms across the country. $DraftKings(DKNG.US)$

Airbnb sees number of bookings in first-quarter exceeding pre-pandemic levels for first time
The company posted record revenue last year, becoming one of the biggest beneficiaries of a battered travel industry as consumers sought suburban rentals, and projected continued growth as it emerges from the pandemic. $Airbnb(ABNB.US)$

Intel pays up for foundry expertise
For anyone doubting Intel's ambitions to make chips for others, the company's acquisition of Tower Semiconductor should lay their doubts to rest. $Intel(INTC.US)$ $Tower Semiconductor(TSEM.US)$

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