Before the Bell | Meta appoints DoorDash CEO Tony Xu to its board

Moomoo Breakfast US wrote a column · Jan 12, 2022 18:58

By Danilo

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

- Stock futures rose slightly early Wednesday as investors awaited an important inflation report expected to show prices rising at the fastest pace in nearly 40 years.

- Tony Xu joins Meta's board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg.

Market Snapshot

Stock futures rose slightly early Wednesday as investors awaited an important inflation report expected to show prices rising at the fastest pace in nearly 40 years.

Futures on the $Dow Jones Industrial Average (.DJI.US)$ inched up 22 points. $S&P 500 Index (.SPX.US)$ futures were flat, and $NASDAQ 100 Index (.NDX.US)$ futures rose 0.2%.

Source: Bloomberg

Market Temperature

Before the Bell | Meta appoints DoorDash CEO Tony Xu to its board

Stock futures edge higher ahead of inflation data
U.S. stock futures crept higher ahead of data that are expected to show the largest annual increase in prices in four decades.

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Calling inflation a severe threat, Chairman Jerome Powell said the central bank is preparing to raise rates and shrink asset holdings.

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Central bank chairman's comments come after three Fed officials announced resignation plans following reports of their market transactions.

Facebook owner Meta names Doordash CEO to board
Tony Xu joins a board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg. $Meta Platforms (FB.US)$

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The auto maker $General Motors (GM.US)$'s new CarBravo a marketplace will let U.S. GM dealers sell used cars online, a move that adds new competition to the used-vehicle market and reflects a strategic shift for GM. $Carvana (CVNA.US)$ $Vroom (VRM.US)$

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