By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock futures were lower in early morning trading Tuesday as bond yields see a continued rise that pressures growth pockets in the market.
-The popular video-sharing app announced the milestone after saying earlier this summer that it plans to let users post longer videos on the platform.
Market Snapshot
U.S. stock futures were lower in early morning trading Tuesday as bond yields see a continued rise that pressures growth pockets in the market.
$Dow Jones Industrial Average(.DJI.US)$futures declined 180 points. $S&P 500 Index(.SPX.US)$futures were lower while $NASDAQ 100 Index(.NDX.US)$futures traded in moderately negative territory.
Top News
Stocks finish mixed as energy rallies
U.S. share benchmarks wobbled, bond yields rose and oil hit its highest level in nearly three years, as investors bet on further economic reopening but remained concerned about supply-chain disruptions.
Fed's Williams: tapering bond buying 'may soon be warranted'
Federal Reserve Bank of New York President John Williams said the time for the central bank to pull back on asset buying is coming up, but he indicated rate rises still lie well off.
SEC panel backs letting ordinary investors into private equity
The SEC's Asset Management Advisory Committee recommended that the regulator increase ordinary investors' access to private-equity, private-debt and real-estate vehicles, a change long sought by asset managers.
Ford fortifies EV bet with four new U.S. factories
$Ford Motor(F.US)$The auto giant plans to spend $7 billion to build two battery factories in Kentucky and a third in western Tennessee-part of a collaboration with SK Innovation-as well as a factory for producing electric trucks.
U.S. units of Trane reach proposed $545 million settlement in bankruptcy
$Trane Technologies(TT.US)$Roughly 80,000 asbestos claims pushed the two units, Aldrich Pump and Murray Boiler, into chapter 11 last year. The settlement still requires bankruptcy court approval.
TikTok tops 1 billion monthly users
The popular video-sharing app announced the milestone after saying earlier this summer that it plans to let users post longer videos on the platform.
TSLA touches 7-month highs
$Tesla(TSLA.US)$'s shares surged after reporting its Shanghai factory is expected to produce 300k cars in its 1st 9 months despite the semi shortage as auto sector another area of outperformance today.
Read More
Merck nears deal to acquire Acceleron Pharma
Natural gas notching biggest one-day rise since February
Oil extends rally into 6th day on tight supply, Brent hitting three year high
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg