Morning Briefing: Coinbase could jump 16% after earnings on Tuesday, trader says
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were little changed early Tuesday morning after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading on Monday.
- Coinbase could jump 12-16% after its Tuesday earnings report, Blue Line Capital founder and president Bill Baruch says.
Market Snapshot
U.S. stock futures were little changed early Tuesday morning after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading on Monday.
$Dow Jones Industrial Average (.DJI.US)$ futures dipped 28 points. $S&P 500 Index (.SPX.US)$ futures were flat while $NASDAQ 100 Index (.NDX.US)$ futures traded mildly higher.
Top News
U.S. stock futures waver as crude rebounds
U.S. stock futures wavered near the flat line as crude prices bounced back from a drop that had laid bare investor concerns about risks to the economy.
Democrats outline $3.5 trillion plan, senate to vote on Infrastructure Bill
Senate democrats released an outline of their antipoverty and climate plan, further detailing their ambitions for a major overhaul of the nation's education and healthcare systems that they hope to advance alongside a bipartisan infrastructure bill.
Treasurys' big rally gets help from skeptics of low rates
Yields are down to levels that few investors believed they would see at a time of strong growth and rising inflation.
Oil prices slide on worries that travel restrictions will crunch demand
Crude prices neared their lowest levels since May as investors worry that travel restrictions and delayed office reopenings will limit fuel consumption.
Coinbase Head of Capital Markets leaves after four months
Brett Redfearn, a former federal regulator who joined Coinbase Global earlier this year, has left the cryptocurrency exchange after about four months on the job.
Available jobs outnumber unemployed Americans seeking work
Unfilled job openings rose by 590,000 to a seasonally adjusted 10.1 million in June, the highest level since record-keeping began in 2000, the Labor Department said.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Coinbase (COIN.US)$ $Unity Software (U.US)$ $FuboTV (FUBO.US)$ $Upstart (UPST.US)$
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Coinbase (COIN.US)$ $Unity Software (U.US)$ $FuboTV (FUBO.US)$ $Upstart (UPST.US)$
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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