Before the Bell | Ford scraps plan to develop an electric vehicle with Rivian

Moomoo Breakfast US wrote a column · Nov 22, 2021 04:40

By Danilo

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

- Stock futures rose in early morning trading on Monday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.

- The auto makers mutually decided to focus on their own projects, backing away from an earlier strategic pact that led to a multibillion-dollar windfall for Ford.

Market Snapshot

Stock futures rose in early morning trading on Monday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.

Futures on the $Dow Jones Industrial Average(.DJI.US)$ gained 30 points. $S&P 500 Index(.SPX.US)$ futures and $NASDAQ 100 Index(.NDX.US)$ futures also both traded in positive territory.

Source: Bloomberg

Market Temperature

Before the Bell | Ford scraps plan to develop an electric vehicle with Rivian

Dow edges lower as bond yields, oil drop
U.S. stocks ended mixed Friday. Investors piled into the safety of the dollar and government bonds after new Covid-19 restrictions in Europe clouded the prospects for the global economic recovery. $Dow Jones Industrial Average(.DJI.US)$

Economy week ahead: home sales, consumer spending, inflation
Minutes from the latest Federal Reserve policy meeting are also on deck in the coming days.

Supply-chain problems show signs of easing
Bottlenecks are clearing in some places, executives and economists say, but the prospect of more Covid-19 outbreaks raises concerns that some supply-chain snarls could persist into next year.

Biden nears endgame on Fed chair decision
President Biden is expected to reveal as soon as this week his choice to lead the Federal Reserve, with Democrats divided over whether to offer Jerome Powell a second term or replace him with Lael Brainard.

Ford scraps plan to develop an electric vehicle with Rivian
The auto makers mutually decided to focus on their own projects, backing away from an earlier strategic pact that led to a multibillion-dollar windfall for $Ford Motor(F.US)$. $Rivian Automotive(RIVN.US)$

Activision Blizzard CEO says he would consider leaving if he can't quickly fix problems
Bobby Kotick stopped short of saying he would step down in a Friday meeting with executives. $Activision Blizzard(ATVI.US)$

DoorDash investors gobble up European takeout
The food-delivery company's investors may have too high of hopes for the Wolt opportunity in Europe.$DoorDash(DASH.US)$

Stocks may see an uptrend in the Thanksgiving week

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