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-- 19.330 Before the Bell | AAPL record-high streak continues as stock approaches $171
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures rose in early trading on Wednesday, after stocks continued their upward climb overnight from the omicron sell-off.
- Last year, Apple became the first American company to record a market value of $2 trillion. Another 6.8% gain will send its market cap to $3 trillion.
Market Snapshot
U.S. stock futures rose in early trading on Wednesday, after stocks continued their upward climb overnight from the omicron sell-off.
$Dow Jones Industrial Average (.DJI.US)$ futures lost 24 points, while $S&P 500 Index (.SPX.US)$ futures gained 2 points and $NASDAQ 100 Index (.NDX.US)$ futures were up by 0.2%.
Market Temperature
Futures point to more gains for u.s. stocks
U.S. stocks were poised for further gains, potentially pushing the S&P 500 toward record territory, amid optimism that the economic impact of Omicron will be less drastic than first feared. European and Asian indexes also broadly gained, while oil prices edged lower.
U.S. stocks were poised for further gains, potentially pushing the S&P 500 toward record territory, amid optimism that the economic impact of Omicron will be less drastic than first feared. European and Asian indexes also broadly gained, while oil prices edged lower.
House votes to approve bill setting up process for lifting debt limit
House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the borrowing limit.
House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the borrowing limit.
Companies plan big raises for workers in 2022
Companies are planning for steeper wage increases next year than at any point since the 2007-2009 recession, according to a new report, amid a tight labor market and the highest inflation in three decades.
Companies are planning for steeper wage increases next year than at any point since the 2007-2009 recession, according to a new report, amid a tight labor market and the highest inflation in three decades.
U.S. boosted oil and food exports in october, as the trade deficit narrowed
An increase in exports of energy and agricultural commodities outpaced growth in imports, which were restrained by a backlog at U.S. ports.
An increase in exports of energy and agricultural commodities outpaced growth in imports, which were restrained by a backlog at U.S. ports.
Supply-chain snags likely to persist, three ceos say
The chiefs of $Intel (INTC.US)$, $Wayfair (W.US)$ and $Accenture (ACN.US)$ each said that the disruptions rippling across the U.S. economy are improving for some companies but that long-term fixes might take much longer.
The chiefs of $Intel (INTC.US)$, $Wayfair (W.US)$ and $Accenture (ACN.US)$ each said that the disruptions rippling across the U.S. economy are improving for some companies but that long-term fixes might take much longer.
Facebook's head of messenger to leave company next year
Stan Chudnovsky's resignation is the latest in a series of high-profile departures from the social-media company. $Meta Platforms (FB.US)$
Stan Chudnovsky's resignation is the latest in a series of high-profile departures from the social-media company. $Meta Platforms (FB.US)$
BlackRock to pull $2 trillion in assets from State Street
State Street was sole custodian for the investing firm's U.S. exchange-traded fund business for more than a decade. $Blackrock (BLK.US)$ $State Street (STT.US)$
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State Street was sole custodian for the investing firm's U.S. exchange-traded fund business for more than a decade. $Blackrock (BLK.US)$ $State Street (STT.US)$
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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