Before the bell | Biden's budget calls for increase in defense spending
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose Tuesday morning, putting the major averages on track to build on the previous session’s gains, as traders awaited key economic data.
- President Biden released a $5.8 trillion budget that envisions a substantial increase in defense spending, including aid to Ukraine, a sign of the administration's willingness to devote additional resources to military programs.
- Stock futures rose Tuesday morning, putting the major averages on track to build on the previous session’s gains, as traders awaited key economic data.
- President Biden released a $5.8 trillion budget that envisions a substantial increase in defense spending, including aid to Ukraine, a sign of the administration's willingness to devote additional resources to military programs.
Market Snapshot
Stock futures rose Tuesday morning, putting the major averages on track to build on the previous session’s gains, as traders awaited key economic data.
Futures on the $Dow Jones Industrial Average(.DJI.US$ rose 145 points, or 0.42%. $S&P 500 Index(.SPX.US$ futures were up 0.4%, while $NASDAQ 100 Index(.NDX.US$ futures climbed 0.36%.
Top News
Stock Futures Inch Up Amid Softer Oil Prices
U.S. stock futures edged up as a pullback in oil prices eased some concerns around near-term inflation.
Ukraine and Russia Prepare for Talks in Turkey as Russian Missiles Hit Cities
Negotiators were scheduled to travel to Istanbul for face-to-face cease-fire talks after Moscow's forces struck sites across Ukraine overnight.
Japan, U.S. to Communicate Closely on Forex Issues
The Japanese government will keep close communication with the U.S. about the foreign-exchange market, Japan's top currency diplomat said Tuesday after meeting with a U.S. Treasury official.
Ukraine War Increases Risk of Debt Defaults by Developing Countries
World Bank economist says countries that import a lot of wheat in Mideast and Africa are under extra pressure.
Biden's Budget Calls for Increase in Defense Spending
President Biden released a $5.8 trillion budget that envisions a substantial increase in defense spending, including aid to Ukraine, a sign of the administration's willingness to devote additional resources to military programs.
Transport Stocks Are Flashing Bullish Signals for Broader Market
The $Dow Jones Transportation Average(.DJT.US$, which tracks 20 companies ranging from $United Parcel Service(UPS.US$ to $Union Pacific(UNP.US$, has jumped ahead of other market gauges.
DOJ Backs Antitrust Bill Targeting Amazon, Google, Apple
The Justice Department told lawmakers in a letter that the rise of dominant platforms presents a threat to open markets and competition. $Amazon(AMZN.US$ $Alphabet-A(GOOGL.US$ $Apple(AAPL.US$
FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman
Raj Subramaniam, the current president and COO, is set to take over leadership of the global delivery network that moves millions of packages a day. $FedEx(FDX.US$
Tesla to Request Shareholder Approval for Stock Split
The electric-car maker didn't specify when such a split would take place or what the ratio of shares would be. $Tesla(TSLA.US$
HP Makes Bet on Hybrid Work With $1.7 Billion Deal
The PC maker agreed to buy Poly, a maker of workplace communications products, in a bet on the rise of hybrid work. $HP Inc(HPQ.US$ $Plantronics(POLY.US$
Walmart Stops Selling Cigarettes in Some Stores
After years of internal debate, Walmart is removing tobacco products from various markets. $Walmart(WMT.US$
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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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Evelynne : The company will also cut back on AirPods earphones production by 10 million units for 2022. '