By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were little changed in early morning trading Tuesday, after the major averages started the week with muted moves as investors digested a jump in yields.
- Ohio's attorney general is suing Meta Platforms, alleging it misled the public about how it controlled its algorithm and the effects its products have on children.
Market Snapshot
U.S. stock index futures were little changed in early morning trading Tuesday, after the major averages started the week with muted moves as investors digested a jump in yields.
Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$ lost 22 points. $S&P 500 Index(.SPX.US)$ futures and $NASDAQ 100 Index(.NDX.US)$ futures both hovered in mildly negative territory.
Market Temperature
Read more: Market Temperature (11/16)
Top News
Fed's Barkin says more data is needed before raising rates
Federal Reserve Bank of Richmond President Thomas Barkin said the U.S. central bank needs more data before it can make the call on when it is time to raise its short-term rate target.
Dow industrials edge lower; Dollar Tree gains
U.S. stock indexes flitted between small gains and losses before ending the day near flat. Brent crude oil futures fell. $Dollar Tree(DLTR.US)$
Biden signs $1 trillion infrastructure bill into law
The passage of the bill to repair roads and bridges, upgrade the electrical grid and expand access to broadband internet marks a rare bipartisan policy win for the White House.
Inflation surge pushes gold to five-month high
The climb in the haven asset accompanies other signs investors are starting to seek more protection from rising consumer prices and interest rates.
Ohio sues Meta over impact on children
Ohio's attorney general is suing Meta Platforms, alleging it misled the public about how it controlled its algorithm and the effects its products have on children. $Meta Platforms(FB.US)$
Roblox looks to bring educational videogames to schools
Company is starting with a $10 million investment for nonprofits to develop games, its first such funding, amid a push to help build out the metaverse. $Roblox(RBLX.US)$
Twitter CFO says investing in crypto 'doesn't make sense right now'
Investing some of Twitter's corporate cash in crypto assets such as bitcoin "doesn't make sense right now," Chief Financial Officer Ned Segal said. $Twitter(TWTR.US)$
Read More
Buffett's Berkshire reveals new bets on Royalty Pharma, exits Merck in Q3
Jeff Bezos says he spends more on climate than space travel
Big Short's Burry spat with Elon Musk
Elon Musk is close to selling his last remaining house
Tesla shares approach bear market territory on prolonged selloff
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg