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By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose early Monday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.
- Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.
Market Snapshot
Stock futures rose early Monday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.
$Dow Jones Industrial Average (.DJI.US)$ futures traded 76 points higher, or 0.2%. $S&P 500 Index (.SPX.US)$ futures inched up 0.3% and $NASDAQ 100 Index (.NDX.US)$ futures were up 0.35%.
Market Temperature
Read more: Market Temperature (12/13)
Top News
Stock futures edge up after S&P 500 hits record
U.S. stock futures pointed to muted gains for major indexes as investors sat tight ahead of Wednesday's Federal Reserve monetary-policy decision. The Fed is expected to accelerate the paring of its bond-buying program and to signal that it will raise interest rates next year.
Inflation surge pushes U.S. real interest rates deeper into negative territory
By standing still, the Federal Reserve's policy has provided more stimulus to the economy this year.
Economy week ahead: Retail, factories, central banks
The Federal Reserve's two-day policy meeting, which wraps up Wednesday, is the highlight of this week's economic calendar.
Biden aims to win pivotal Democrat's support for $2 trillion spending plan
The backing of West Virginia Sen. Joe Manchin would be crucial for passage of social-policy and climate bill.
Pfizer boosters are effective against Omicron, Israeli study says
The findings also show that those who had their second Pfizer dose five months ago or more had little protection against the variant. $Pfizer (PFE.US)$
Sirius hires top builder of Disney+ streaming service
The satellite radio company is betting on one of streaming tech's key designers to help attract listeners beyond the car. $Sirius XM (SIRI.US)$ $Disney (DIS.US)$
Uber, Lyft drivers want more protection amid rising crime
Ride-sharing drivers are wearing bulletproof vests. Others are avoiding nights, exacerbating the ongoing labor shortage. $Uber Technologies (UBER.US)$ $Lyft Inc (LYFT.US)$
Read More
Do you want a Birkin bag that you could never touch?
PM Modi's Twitter account hacked with announcement India would adopt Bitcoin
ETF inflows top $1 trillion for first time
Will Omicron crash the global stock market?
Apple to bring nudity-detection in messages on iPhone, iPad with new update, says expert
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg, Barron's
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose early Monday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.
- Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.
Market Snapshot
Stock futures rose early Monday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.
$Dow Jones Industrial Average (.DJI.US)$ futures traded 76 points higher, or 0.2%. $S&P 500 Index (.SPX.US)$ futures inched up 0.3% and $NASDAQ 100 Index (.NDX.US)$ futures were up 0.35%.
Market Temperature
Read more: Market Temperature (12/13)
Top News
Stock futures edge up after S&P 500 hits record
U.S. stock futures pointed to muted gains for major indexes as investors sat tight ahead of Wednesday's Federal Reserve monetary-policy decision. The Fed is expected to accelerate the paring of its bond-buying program and to signal that it will raise interest rates next year.
Inflation surge pushes U.S. real interest rates deeper into negative territory
By standing still, the Federal Reserve's policy has provided more stimulus to the economy this year.
Economy week ahead: Retail, factories, central banks
The Federal Reserve's two-day policy meeting, which wraps up Wednesday, is the highlight of this week's economic calendar.
Biden aims to win pivotal Democrat's support for $2 trillion spending plan
The backing of West Virginia Sen. Joe Manchin would be crucial for passage of social-policy and climate bill.
Pfizer boosters are effective against Omicron, Israeli study says
The findings also show that those who had their second Pfizer dose five months ago or more had little protection against the variant. $Pfizer (PFE.US)$
Sirius hires top builder of Disney+ streaming service
The satellite radio company is betting on one of streaming tech's key designers to help attract listeners beyond the car. $Sirius XM (SIRI.US)$ $Disney (DIS.US)$
Uber, Lyft drivers want more protection amid rising crime
Ride-sharing drivers are wearing bulletproof vests. Others are avoiding nights, exacerbating the ongoing labor shortage. $Uber Technologies (UBER.US)$ $Lyft Inc (LYFT.US)$
Read More
Do you want a Birkin bag that you could never touch?
PM Modi's Twitter account hacked with announcement India would adopt Bitcoin
ETF inflows top $1 trillion for first time
Will Omicron crash the global stock market?
Apple to bring nudity-detection in messages on iPhone, iPad with new update, says expert
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg, Barron's
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As one of the most popular financial technologies, cryptocurrency is well known by most investors. How exactly cryptocurrency was considered to be the future of the monetary system by its supporters?
Bitcoin was only supported by a handful of enthusiasts at the time it was first introduced to the public in a white paper published under the pseudonym Satoshi Nakamoto back in 2008. However, cryptocurrency is now grown into one of the most popular technological developments in the world. The importance of crypto has developed so far that even Federal Reserve is considering issuing the digital dollar. Federal Reserve Governor Lael Brainard propose a cryptocurrency backed by the central bank in May 2021.
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Bitcoin was only supported by a handful of enthusiasts at the time it was first introduced to the public in a white paper published under the pseudonym Satoshi Nakamoto back in 2008. However, cryptocurrency is now grown into one of the most popular technological developments in the world. The importance of crypto has developed so far that even Federal Reserve is considering issuing the digital dollar. Federal Reserve Governor Lael Brainard propose a cryptocurrency backed by the central bank in May 2021.
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$SoFi Technologies (SOFI.US)$ Why it drops! 😫😫
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