Before the Bell | Elon Musk exercises a large number of stock options

Moomoo Breakfast US wrote a column · Nov 11, 2021 19:37

By Danilo

Hey, mooers! Here are things you need to know before the opening bell:

- U.S. stock futures were little changed in early morning trading on Thursday following a tech-driven sell-off on Wall Street.

- The Twitter Crypto group will set strategy to help the social-media app's creators.

Market Snapshot

U.S. stock futures rose in early morning trading on Thursday following a tech-driven sell-off on Wall Street.

$Dow Jones Industrial Average (.DJI.US)$ futures rose 46 points. $S&P 500 Index (.SPX.US)$ futures gained 16.5 points and $NASDAQ 100 Index (.NDX.US)$ futures rose 96.75 points.

Source: Bloomberg

Market Temperature

Before the Bell | Elon Musk exercises a large number of stock options

Stocks, bonds fall after inflation hits 30-year high
U.S. share benchmarks declined after data showed inflation hit a three-decade high in October, while the dollar and bond yields rose.

Home prices rose across U.S. in third quarter
The median sales price for single-family existing homes was higher in the quarter compared with a year before in 182 of the 183 metro areas tracked by the National Association of Realtors.

Federal deficit narrowed in October, ahead of debt-ceiling debate
The federal government ran a $165 billion deficit during October, a smaller gap when compared with a year earlier, as the government took in higher revenue from taxes and other receipts and pulled back on spending.

U.S. crude-oil inventories rise, fuel supplies fall
U.S. crude-oil inventories rose last week by 1 million barrels to 435.1 million barrels, according to the Energy Information Administration, compared with analysts' estimates of a 1.3-million barrel increase.

Elon Musk sells $1.1 billion in Tesla stock
Share disposal comes as the billionaire chief executive exercises a large number of stock options.$Tesla(TSLA.US)$

Twitter launches cryptocurrency team to explore Bitcoin and blockchain uses
The $Twitter(TWTR.US)$ Crypto group will set strategy to help the social-media app's creators.

Lordstown stock rallies 21% after EV maker and Foxconn seal deal to sell Ohio plant, develop new vehicles
Shares of $Lordstown Motors(RIDE.US)$ rallied more than 20% in the extended session Wednesday after the electric-vehicle maker cemented a deal to sell its plant to Foxconn for $230 million, providing Lordstown with much needed cash and giving the Taiwanese electronics contract maker a toehold in commercial EVs.

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