US Morning News Call | Elon Musk Becomes First Person Worth $600 Billion
Key Takeaways:
• Non-Farm Payrolls Are Released Today
• Nasdaq Moves Toward 24/5 Stock Trading
• Elon Musk Becomes First Person Worth $600 Billion
Before the Bell
Stock futures dipped on Tuesday as markets awaited the release of the November jobs report.
$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went down by 0.39%;
$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went down by 0.25%;
$E-mini Dow Futures (MAR6) (YMmain.US)$ went down by 0.16%.
Nasdaq Moves Toward 24/5 Stock Trading
Nasdaq plans to file with the U.S. Securities and Exchange Commission (SEC) to introduce near round-the-clock stock trading, expanding hours to 23 hours a day, five days a week. The exchange is targeting a launch in the second half of 2026 to meet rising global demand for U.S. equities.
Elon Musk Becomes First Person Worth $600 Billion
Elon Musk has become the world's first individual with a net worth exceeding $600 billion, primarily driven by the soaring valuation of SpaceX, which was recently valued at $800 billion. $Tesla (TSLA.US)$ $Destiny Tech100 (DXYZ.US)$
Ford Shifts EV Strategy, Drops Current Lightning Production
$Ford Motor (F.US)$ has announced a shift in its electric vehicle (EV) strategy, taking a $19.5 billion write-down and dropping the current production of the F-150 Lightning.
Crypto News
Bitcoin Sees One-Year Low in Active Addresses
Bitcoin has recorded a one-year low in active addresses, raising fresh concerns over blockspace demand.
Market Events
Key Economic Events
08:30 AM Non Farm Payrolls
08:30 AM Unemployment Rate
08:30 AM Retail Sales MoM
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