Before the Bell | Sony looks to sell its own electric vehicles

Moomoo Breakfast US wrote a column · Jan 5, 2022 18:54

By Danilo

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

- Stock futures were slightly lower in early morning trading Wednesday after the Dow Jones Industrial Average notched a record close the previous day as investors flocked to shares that stand to benefit from an economic recovery.

- The maker of PlayStation videogame consoles Sony said it plans to create a car unit and explore entering the EV market.

Market Snapshot

Stock futures were slightly lower in early morning trading Wednesday after the Dow Jones Industrial Average notched a record close the previous day as investors flocked to shares that stand to benefit from an economic recovery.

Futures on the blue-chip $Dow Jones Industrial Average (.DJI.US)$ gained 45 points. $S&P 500 Index (.SPX.US)$ futures were flat and $NASDAQ 100 Index (.NDX.US)$ futures edged 0.19% lower.

Source: Bloomberg

Market Temperature

Before the Bell | Sony looks to sell its own electric vehicles

Stock futures creep lower ahead of Fed minutes
U.S. stock futures edged down as investors awaited minutes from the Federal Reserve's recent policy meeting in the hope of gleaning fresh clues about plans to wean markets off pandemic-era stimulus measures.

U.S. prevails over Canada in dairy dispute under new trade deal
Canada has until Feb. 3 to comply with the U.S.-Mexico-Canada Agreement or the U.S. could begin the process of initiating tariffs or other countermeasures.

Fed's Neel Kashkari now sees two 2022 rate rises amid inflation surge
The Minneapolis Fed leader also said he supported the central bank's decision last month to accelerate the drawdown of its asset-buying stimulus effort.

Factories took a small step back toward normal
December's slip in the ISM's manufacturing index suggests that supply-chain problems are easing and that demand is beginning to be more easily met

Sony looks to sell its own electric vehicles
The maker of PlayStation videogame consoles said it plans to create a car unit and explore entering the EV market. $Sony (SONY.US)$

California finds PG&E responsible for Dixie fire
$PG&E Corp (PCGU.US)$ power lines sparked last year's massive wildfire, which exploded to become the second-largest in California history.

Wells Fargo's Chief Risk Officer to depart
$Wells Fargo & Co (WFC.US)$ Chief Risk Officer Amanda Norton will retire this summer, Chief Executive Charles Scharf said.

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