Before the Bell | Global stocks tumble amid inflation worries, dollar gains
Hey, mooers! Here are things you need to know before the opening bell:
Market Snapshot
Stock futures traded lower Thursday morning as a sell-off continues on Wall Street that's pushed the S&P 500 to the lowest in more than a year and to the cusp of a bear market.
Futures on the $Dow Jones Industrial Average(.DJI.US$ fell 0.64%, while $S&P 500 Index(.SPX.US$ futures dropped 0.87% and $Nasdaq Composite Index(.IXIC.US$ futures were down 1.44%.
Top News
Stock Futures Fall as Inflation Weighs on Markets
U.S. stock futures declined, pointing to a second day of turbulence in markets driven by stronger-than-expected U.S. inflation.
Fed's Bullard Is Still on Board With Half-Point Rate Rises
Federal Reserve Bank of St. Louis leader James Bullard said the latest round of inflation data leaves the central bank on track for more rate rises.
Global Stocks Tumble Amid Inflation Worries, Dollar Gains
Global stocks and US equity-index futures tumbled as stubborn inflation in the world's biggest economy bolstered the case for more aggressive monetary tightening by the Federal Reserve. The dollar rose on Thursday against all of its Group of 10 peers.
Bond Market Whipsawed By Inflation Data
U.S. Treasury yields were choppy Wednesday after new data showed inflation in April was higher than analysts had expected.
Foxconn Completes Acquisition of Lordstown Motors Electric Truck Factory
$Lordstown Motors(RIDE.US$ stock is trading 18.54% higher in the premarket session on Thursday. The beleaguered electric vehicle startup said on Wednesday it has closed a $230 million deal to sell its Ohio factory to Taiwan's Hon Hai Technology, better known as Foxconn, sending its shares higher after the bell.
Disney Reports Earnings Miss, but There Was Some Good News in Streaming
$Disney(DIS.US$ reported significantly worse-than-expected quarterly earnings per share on Wednesday, but narrowly exceeded expectations on the all-important streaming subscriber front.
SoftBank Reports $13 Billion Annual Loss, Hit by Tech-Share Slump
The publicly listed stocks that compose much of the Japanese technology investor's Vision Fund have fallen by more than half since the start of the year.
Apple Supplier Foxconn's First-Quarter Profit Rose 4.6%
Foxconn Technology Group, $Apple(AAPL.US$'s biggest supplier, delivered better-than-expected earnings for the first quarter. Its January-March net profit rose 4.6% to 29.45 billion New Taiwan dollars (US$989.6 million), while revenue rose 4.5% to NT$1.408 trillion, it said Thursday.
Beyond Meat Shares Drop as Losses Widen
A group of industry associations has created a set of compliance best practices laying out how money-services businesses can protect against illicit activity. $Beyond Meat(BYND.US$
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg, Yahoo Finance
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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