Before the Bell | Nvidia's deal setback eased by soaring chip demand

Moomoo Breakfast US wrote a column · Dec 6, 2021 18:54

By Julianna

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

- Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve's move to tighten policy.

- The FTC has sued to block $NVIDIA (NVDA.US)$'s proposed takeover of Arm Holdings. But analysts say exploding growth in semiconductor demand is expected to ease the setback facing the chip maker if it can't complete the deal.

Market Snapshot

Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve's move to tighten policy.

Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ jumped 76 points. $S&P 500 Index (.SPX.US)$ futures were flat, while $Nasdaq Composite Index (.IXIC.US)$ futures were down 90 points.

Source: Bloomberg

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Before the Bell | Nvidia's deal setback eased by soaring chip demand

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