Morning Briefing: Microsoft announced a new $60 billion stock repurchase program
By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock futures were mildly higher in early morning trading on Wednesday after the Dow Jones Industrial Average dropped nearly 300 points on Tuesday — amid rising investor worries about the state of the economic recovery and the next action by the Federal Reserve.
-U.S. stocks fell, continuing a recent pullback even after fresh data showed inflation rose at a slower-than-expected pace.
Market Snapshot
U.S. stock futures were mildly higher in early morning trading on Wednesday after the Dow Jones Industrial Average dropped nearly 300 points on Tuesday — amid rising investor worries about the state of the economic recovery and the next action by the Federal Reserve.
$Dow Jones Industrial Average (.DJI.US)$futures ticked 88 points higher. $S&P 500 Index (.SPX.US)$and $NASDAQ 100 Index (.NDX.US)$futures both traded in mildly positive territory.
Top News
Stocks can't shake off downward pressure
Stocks can't shake off downward pressure
U.S. stocks fell, continuing a recent pullback even after fresh data showed inflation rose at a slower-than-expected pace.
U.S. casino stocks fall on fears of increased Macau regulations
U.S. casino stocks fall on fears of increased Macau regulations
The Macau government has launched a process for new gambling licenses.
Americans' incomes fell in 2020
Americans' incomes fell in 2020
Median household income was $67,500 in 2020, down 2.9% from the prior year, as the U.S. dealt with the economic fallout from the Covid-19 pandemic.
JPMorgan chases the online investing boom with senior hires
JPMorgan chases the online investing boom with senior hires
$JPMorgan (JPM.US)$The bank is adding two executives to reinvigorate its online investing platforms, which lagged behind rivals during the pandemic trading boom.
Inflation eased in August, though still high
Inflation eased in August, though still high
The consumer-price index rose 0.3% in August from July, as inflation cooled slightly but remained strong with shortages of labor and supplies continuing to drive up prices.
Activision Blizzard hit with federal labor complaint alleging mistreatment of protesting employees
Activision Blizzard hit with federal labor complaint alleging mistreatment of protesting employees
$Activision Blizzard (ATVI.US)$is facing additional charges of mistreating workers who had protested against the videogame maker's response to sexual harassment and discrimination allegations.
World's oil supply pressured by hurricane Ida, other outages
World's oil supply pressured by hurricane Ida, other outages
The impact of Hurricane Ida and other oil supply outages will take a sizable chunk out of global oil production this year, the International Energy Agency said.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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