Before the Bell | Who will be the next Fed chair? It could be unveiled this week
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were little changed in early morning trading on Wednesday ahead of earnings reports from big-box retailers Target and Lowe's.
- The president is considering whether to reappoint Fed Chairman Jerome Powell when his four-year term expires in February or to pick someone else.
Market Snapshot
Stock futures were little changed in early morning trading on Wednesday ahead of earnings reports from big-box retailers Target and Lowe's.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ slipped by 5 points. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$ futures were little changed.
Market Temperature
Stocks edged higher as retail sales grow
U.S. stocks rose Tuesday after data showed consumers had stepped up spending, while Walmart and Home Depot reported higher sales.
U.S. stocks rose Tuesday after data showed consumers had stepped up spending, while Walmart and Home Depot reported higher sales.
Biden said Fed chair pick could be unveiled this week
The president is considering whether to reappoint Fed Chairman Jerome Powell when his four-year term expires in February or to pick someone else.
The president is considering whether to reappoint Fed Chairman Jerome Powell when his four-year term expires in February or to pick someone else.
U.S. could be unable to pay its bills as soon as Dec. 15, Yellen says
In a letter to Congress, Treasury Secretary Janet Yellen urged lawmakers to act to raise or suspend the federal borrowing limit.
In a letter to Congress, Treasury Secretary Janet Yellen urged lawmakers to act to raise or suspend the federal borrowing limit.
Two Fed officials at odds over how to deal with inflation
St. Louis Fed chief James Bullard said the central bank needs to move more forcefully to confront inflation, while San Francisco Fed leader Mary Daly stressed that moves to tamp down on price pressures prematurely could cause unneeded pain later should those pressures weaken.
St. Louis Fed chief James Bullard said the central bank needs to move more forcefully to confront inflation, while San Francisco Fed leader Mary Daly stressed that moves to tamp down on price pressures prematurely could cause unneeded pain later should those pressures weaken.
Qualcomm shares rose to record high
The chip company received a boost from the stock market as Chief Executive Cristiano Amon detailed its ambitions beyond smartphones. $Qualcomm(QCOM.US)$
The chip company received a boost from the stock market as Chief Executive Cristiano Amon detailed its ambitions beyond smartphones. $Qualcomm(QCOM.US)$
Electric-car startup Lucid overtook Ford in market value
The maker of high-end electric cars is now valued at $89 billion, in another example of how investor enthusiasm is intensifying for car companies that shun gasoline. $Lucid(LCID.US)$
The maker of high-end electric cars is now valued at $89 billion, in another example of how investor enthusiasm is intensifying for car companies that shun gasoline. $Lucid(LCID.US)$
Netflix changes how it ranks viewership
The streaming service will release a weekly top 10 of shows by total hours viewed, dropping a much-criticized two-minute metric. $Netflix(NFLX.US)$
Read More
The streaming service will release a weekly top 10 of shows by total hours viewed, dropping a much-criticized two-minute metric. $Netflix(NFLX.US)$
Read More
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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