Before the Bell | Nike sues Lululemon for patent infringement
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Dow futures edged higher in early trading Thursday after the major U.S. stock averages fell sharply in the first losing regular trading session of the year.
- Sneaker giant Nike says apparel maker Lululemon's fitness device and apps use technology invented and patented by Nike.
Market Snapshot
Dow futures edged higher in early trading Thursday after the major U.S. stock averages fell sharply in the first losing regular trading session of the year.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ gained 74 points, or 0.2%. $S&P 500 Index (.SPX.US)$ futures were nearly flat and $NASDAQ 100 Index (.NDX.US)$ futures declined slightly.
Market Temperature
Tech stocks set for more losses after Nasdaq sinks
Technology stocks were poised for further losses after getting clobbered by investors concerned about likely interest-rate rises. Treasury yields were on track to rise for a fourth consecutive day.
Technology stocks were poised for further losses after getting clobbered by investors concerned about likely interest-rate rises. Treasury yields were on track to rise for a fourth consecutive day.
Fed minutes point to possible rate increase in March
Federal Reserve officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio.
Federal Reserve officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio.
Private sector adds 807,000 jobs, double expectations
The private sector added more than 800,000 jobs in December as employment sped up ahead of the holiday season.
The private sector added more than 800,000 jobs in December as employment sped up ahead of the holiday season.
U.S. crude supplies fall, but fuel inventories rise sharply
U.S. crude-oil inventories declined last week but gasoline and diesel stockpiles rose dramatically, according to data released Wednesday by the Energy Information Administration.
U.S. crude-oil inventories declined last week but gasoline and diesel stockpiles rose dramatically, according to data released Wednesday by the Energy Information Administration.
Nike sues Lululemon for patent infringement over mirror fitness technology
Sneaker giant $Nike (NKE.US)$ says apparel maker $Lululemon Athletica (LULU.US)$'s fitness device and apps use technology invented and patented by Nike.
Sneaker giant $Nike (NKE.US)$ says apparel maker $Lululemon Athletica (LULU.US)$'s fitness device and apps use technology invented and patented by Nike.
Auto makers supercharge move into electric vehicles
$General Motors (GM.US)$, Chrysler and $Sony (SONY.US)$ unveiled their future plans as the push toward battery-powered vehicles intensifies.
$General Motors (GM.US)$, Chrysler and $Sony (SONY.US)$ unveiled their future plans as the push toward battery-powered vehicles intensifies.
Salesforce.com shares, software companies stumble to start year
Swings in software companies coincide with broader volatility in technology stocks. $Salesforce (CRM.US)$
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Swings in software companies coincide with broader volatility in technology stocks. $Salesforce (CRM.US)$
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Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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