Before the Bell | Ford unloads more shares of electric-vehicle startup Rivian
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Market Snapshot
Stock futures fell on Monday as the market attempts to rebound from a relentless sell-off that's punished tech stocks and pushed the S&P 500 to the brink of a bear market.
Futures on the $Dow Jones Industrial Average(.DJI.US$ fell 0.13%, while $S&P 500 Index(.SPX.US$ futures dropped 0.33% and $Nasdaq Composite Index(.IXIC.US$ futures were down 0.50%.
Top News
Stock Futures Slip to Start the Week
Stock futures ticked lower, suggesting major indexes would resume their downward trajectory after Wall Street stocks got a bump on Friday but still closed the week with losses.
Investors Stay Put, Because They Can't Think of Better Options
Even the worst markets are supposed to have havens. Some unnerved investors are wondering if this one doesn't.
Yellen Seeks to Win European Support for a Tax Deal Congress Hasn't Approved
The Treasury secretary wants to clinch EU approval of a global minimum tax on the profits of large corporations, hoping to smooth out Poland's objections in meetings next week.
Rising Food Prices Roil Developing World
Soaring prices are triggering shortages and protests as disruption from the Ukraine war adds to existing strains on global supplies of grains, meat and other foodstuffs.
Behind Fake-Account Issue That Musk Cited in Calling Twitter Deal 'On Hold'
Social media has grappled with phony accounts for years, raising questions about why $Tesla(TSLA.US$ CEO Elon Musk is talking about them again now. $Twitter (Delisted)(TWTR.US$
McDonald's to Exit from Russia
After more than 30 years of operations in the country, $McDonald's(MCD.US$ announced it will exit the Russian market and has initiated a process to sell its Russian business.
Ford Unloads More Shares of Electric-Vehicle Startup Rivian
$Ford Motor(F.US$ sold 7 million $Rivian Automotive(RIVN.US$ shares at a price of $26.88, the company says. That followed an 8-million-share sale earlier in the week at about the same price.
JetBlue to Launch Tender Offer for Spirit
$JetBlue Airways(JBLU.US$ plans to launch a hostile takeover attempt for discount carrier $Spirit Airlines(SAVE.US$, after Spirit rejected JetBlue's $3.6 billion offer in favor of an existing deal with Frontier Airlines.
Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay
Many managers leading the company's roughly 4,700 U.S. stores have been in their roles for at least a decade, and $Walmart(WMT.US$executives say they need to find a new generation to replace them.
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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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