Before the Bell | Head of Meta's cryptocurrency project steps down

Moomoo Breakfast US wrote a column · Dec 1, 2021 18:57

By Danilo

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

- U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.

- David Marcus, head of Meta's cryptocurrency project, says he plans to leave at year's end to pursue entrepreneurial projects outside the company.

Market Snapshot

U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.

$Dow Jones Industrial Average (.DJI.US)$ futures rose 302 points. $S&P 500 Index (.SPX.US)$ futures gained 1.18% and $NASDAQ 100 Index (.NDX.US)$ futures rose 1.35%.

Source: Bloomberg

Market Temperature

Before the Bell | Head of Meta's cryptocurrency project steps down

Stock futures gain as inflation, Omicron fears persist
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David Marcus, head of Meta's cryptocurrency project, steps down
The executive says he plans to leave at year's end to pursue entrepreneurial projects outside the company. $Meta Platforms (FB.US)$

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