Before the Bell | Nike launches virtual play place on Roblox

Moomoo Breakfast US wrote a column · Nov 19, 2021 19:05

By Danilo

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

- Stock futures were mixed early Friday as concerns over a resurgence of pandemic weighed on global markets.

- The athletic-wear company Nike earlier filed trademark applications indicating it wanted to sell digital versions of its sneakers, clothing and other goods.

Market Snapshot

Stock futures were mixed early Friday as concerns over a resurgence of Covid-19 weighed on global markets.

Futures on the $Dow Jones Industrial Average (.DJI.US)$ fell 138 points, reversing course having earlier been in positive territory by a similar margin. $S&P 500 Index (.SPX.US)$ futures were marginally lower while $NASDAQ 100 Index (.NDX.US)$ futures gained 60 points.

Source: Bloomberg

Market Temperature

Before the Bell | Nike launches virtual play place on Roblox

S&P 500 sets another record following earnings from Macy's and Kohl's
Stocks rose to a record as Macy's and Kohl's posted strong earnings and unemployment data showed the labor market is continuing to recover. $Macy's(M.US)$$Kohl's Corp(KSS.US)$

House set to pass $2 trillion social spending and climate bill
Legislation would next go to the Senate, where it could face changes to paid leave, tax and immigration provisions.

In post-GameStop reform push, SEC seeks more stock-lending disclosure
The Securities and Exchange Commission is moving to bring greater transparency to the securities-lending market, where short-selling hedge funds borrow shares to bet against companies' stocks. $GameStop(GME.US)$

EV spat looms over Biden's meeting with Canadian, Mexican leaders
The U.S. president faces visitors who have accused his administration of promoting electric vehicles and union jobs at the expense of trading relationships.

Microsoft pressures Activision Blizzard
Microsoft's executive vice president of gaming told employees the company is evaluating its relationship with Activision Blizzard amid questions about the gaming company's handling of sexual-misconduct issues. $Microsoft(MSFT.US)$$Activision Blizzard(ATVI.US)$

Nike launches virtual play place on Roblox
The athletic-wear company earlier filed trademark applications indicating it wanted to sell digital versions of its sneakers, clothing and other goods. $Nike(NKE.US)$$Roblox(RBLX.US)$

Instagram's effects on children are being investigated by States
A bipartisan coalition of state attorneys general said it is investigating how Instagram recruits and affects young people, amping up the pressure on parent company Meta Platforms over the potential harms to its users. $Meta Platforms (FB.US)$

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