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Morning Briefing: Cathie Wood calls out Wall Street's bet against her innovation
By Rachel
Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures were in negative territory early Friday morning after a choppy regular trading session ended with the S&P 500 slightly in the green.
- ARK Invest's Cathie Wood on Thursday defended her innovation-focused strategies in the wake of investors betting against her funds.
Market Snapshot
Stock futures were in negative territory early Friday morning after a choppy regular trading session ended with the $S&P 500 Index (.SPX.US)$ slightly in the green.
$Dow Jones Industrial Average (.DJI.US)$ futures dropped 104 points. Futures on the S&P 500 and $NASDAQ 100 Index (.NDX.US)$ futures were both also in negative territory.
Top News
Dow on track to erase August's gains as futures slide
U.S. stock futures declined, pointing to losses at the end of a week of choppy trading that saw major indexes pull back from records.
China passes one of the world's strictest data-privacy laws
China approved a sweeping privacy law that will curb data collection by technology companies, but that policy analysts say is unlikely to limit the state's widespread use of surveillance in the country.
U.K. consumer mood more cautious in August
Consumer confidence in the U.K. edged down in August but remained at pre-pandemic levels, according to GfK's latest indicator.
Bond market signals confidence in Fed policy outlook
The closely watched spread between five- and 30-year Treasury yields has hardly changed after falling sharply when the Federal Reserve shifted its message in June.
$Tesla (TSLA.US)$ will build a humanoid robot that can perform repetitive tasks, CEO Elon Musk said at an event around AI.
$Alphabet-A (GOOGL.US)$ health boss leaves to take over Cerner
David Feinberg, who joined Google two years ago to lead its healthcare push, is set to become CEO of $Cerner (CERN.US)$, which makes software and other tools for doctors and hospitals.
Read More:
Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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