By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures were lower in early morning trading on Wednesday after the Dow Jones Industrial Average fell more than 200 points on Wednesday, as investors reassessed growth outlook following a smooth ride in the market this year.
- BlackRock raises $1 billion for first Chinese mutual fund run by foreign firm.
Market Snapshot
Stock futures were lower in early morning trading on Wednesday after the Dow Jones Industrial Average fell more than 200 points on Wednesday, as investors reassessed growth outlook following a smooth ride in the market this year.
$Dow Jones Industrial Average (.DJI.US)$Futures dipped 133 points. $S&P 500 Index (.SPX.US)$and $Nasdaq Composite Index (.IXIC.US)$futures were both also in mildly negative territory.
Top News
New Apple iPhone expected to be unveiled at Sept. 14 event
$Apple (AAPL.US)$After relatively significant upgrades last year, analysts are expecting more incremental changes for 2021.
U.K. is among first western nations to increase taxes to cover Covid-19 costs
The government will raise payroll taxes to help support a state-funded healthcare system that is struggling to manage the aftermath of the Covid-19 pandemic.
BlackRock raises $1 billion for first Chinese mutual fund run by foreign firm
$Blackrock (BLK.US)$The fundraising total, 6.68 billion yuan, marks a key milestone in U.S. and global asset managers' years-long quest for a bigger presence in the world's second-largest economy.
Ford hires Apple's Doug Field to advance technology role
$Ford Motor (F.US)$ $Apple (AAPL.US)$The executive played an important role in developing Tesla's Model 3 compact car and has been working on the iPhone maker's car project.
PayPal to acquire Japan-Based payments platform for $2.7 billion
$PayPal (PYPL.US)$has agreed to acquire Paidy, a Japanese payments company for approximately $2.7 billion, as the digital payment giant seeks to expand its business in the world's third-largest e-commerce market.
Wells Fargo isn't missing the party yet
$Wells Fargo & Co (WFC.US)$Shares of the big bank were hit by fresh Washington worries, but the stock's strong performance this year is more rooted in the rate environment.
The U.S. expected an economic takeoff
Covid's Delta variant has undone expectations of a recovery boost. Hiring and consumer spending gains have slowed in the face of fresh uncertainty, delayed office openings and doubt about schools.
Read More:
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Intel plans $95B chip plant In Europe, Robotaxi service
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg