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By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.
- David Marcus, head of Meta's cryptocurrency project, says he plans to leave at year's end to pursue entrepreneurial projects outside the company.
Market Snapshot
U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 302 points. $S&P 500 Index (.SPX.US)$ futures gained 1.18% and $NASDAQ 100 Index (.NDX.US)$ futures rose 1.35%.
Market Temperature
Read more: Market Temperature (12/1)
Top News
Stock futures gain as inflation, Omicron fears persist
U.S. stock futures advanced, suggesting Wall Street indexes would extend their volatile trading amid anxiety around the Omicron variant and persistent inflation. Brent crude prices gained.
OPEC+ at crossroads as oil prices drop
Major oil producers face a difficult decision on production levels when they meet this week, as a recovery in energy demand hit a setback with the discovery of the Omicron variant of the coronavirus.
White House considers Cordray as top Fed banking regulator
Ohio attorney Richard Cordray served as the first confirmed director of the Consumer Financial Protection Bureau.
Powell lays groundwork for faster end to stimulus as inflation outlook worsens
The Fed chairman hints at a pivot in weighing inflation and unemployment risks amid renewed coronavirus threat
Microsoft shareholders force company to disclose sexual harassment data
The tech giant $Microsoft (MSFT.US)$ had recommended a vote against the disclosure proposal, which was approved at the company's annual meeting.
Twitter bans sharing of private people's photos, videos without consent
The social-media company $Twitter (Delisted) (TWTR.US)$ said users will no longer be able to share private media, such as photos and videos, of another person without their permission, a move aimed at improving privacy and security.
David Marcus, head of Meta's cryptocurrency project, steps down
The executive says he plans to leave at year's end to pursue entrepreneurial projects outside the company. $Meta Platforms (FB.US)$
Read More
7 tech stocks that could rally in December
Most active stock options for Nov 29: A for apex tech company Apple
Do you think Microsoft is going to plunge from Bill Gates' sexual harassment?
Lucid stock is more than fully priced, but it has a beautiful car
How do you pronounce 'Omicron'?
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.
- David Marcus, head of Meta's cryptocurrency project, says he plans to leave at year's end to pursue entrepreneurial projects outside the company.
Market Snapshot
U.S. stock futures were higher in early morning trading on Wednesday, following a Tuesday sell-off on Wall Street over fears about the new Omicron covid variant and the Federal Reserve mulling a quicker-than-planned taper.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 302 points. $S&P 500 Index (.SPX.US)$ futures gained 1.18% and $NASDAQ 100 Index (.NDX.US)$ futures rose 1.35%.
Market Temperature
Read more: Market Temperature (12/1)
Top News
Stock futures gain as inflation, Omicron fears persist
U.S. stock futures advanced, suggesting Wall Street indexes would extend their volatile trading amid anxiety around the Omicron variant and persistent inflation. Brent crude prices gained.
OPEC+ at crossroads as oil prices drop
Major oil producers face a difficult decision on production levels when they meet this week, as a recovery in energy demand hit a setback with the discovery of the Omicron variant of the coronavirus.
White House considers Cordray as top Fed banking regulator
Ohio attorney Richard Cordray served as the first confirmed director of the Consumer Financial Protection Bureau.
Powell lays groundwork for faster end to stimulus as inflation outlook worsens
The Fed chairman hints at a pivot in weighing inflation and unemployment risks amid renewed coronavirus threat
Microsoft shareholders force company to disclose sexual harassment data
The tech giant $Microsoft (MSFT.US)$ had recommended a vote against the disclosure proposal, which was approved at the company's annual meeting.
Twitter bans sharing of private people's photos, videos without consent
The social-media company $Twitter (Delisted) (TWTR.US)$ said users will no longer be able to share private media, such as photos and videos, of another person without their permission, a move aimed at improving privacy and security.
David Marcus, head of Meta's cryptocurrency project, steps down
The executive says he plans to leave at year's end to pursue entrepreneurial projects outside the company. $Meta Platforms (FB.US)$
Read More
7 tech stocks that could rally in December
Most active stock options for Nov 29: A for apex tech company Apple
Do you think Microsoft is going to plunge from Bill Gates' sexual harassment?
Lucid stock is more than fully priced, but it has a beautiful car
How do you pronounce 'Omicron'?
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
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Consumers logged online Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data released Tuesday by Adobe Analytics. This year's tally marks the first time that Adobe has tracked a slowdown in spending on major shopping days. ![]()
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Cyber Week (from Thanksgiving Day through Cyber Monday) generated $33.9 billion in online spending, down 1.4% YoY, as Black Friday dipped 1.3% YoY at $8.9 billion vs $9 billion (2020) and Thanksgiving Day stayed flat at $5.1 billion.
Consumer spending on Cyber Monday is not growing as fast as it did last year. It reaffirms that many consumers had fulfilled their shopping urge earlier in the season. When all is said and done however, we still expect to see a record season and year for e-commerce.”
—— said Vivek Pandya, lead analyst of Adobe Digital Insights.
Last Cyber Monday, retailers rang up $10.8 billion in sales on the web, as more people stayed home and avoided shopping in retailers' stores due to the ongoing coronavirus pandemic. It marked a record day for e-commerce purchases in the U.S.
Mooers, did you shop online and what did you buy on Cyber Monday?![]()
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Source: Forbes, CNBC, Foxbusiness
Cyber Week (from Thanksgiving Day through Cyber Monday) generated $33.9 billion in online spending, down 1.4% YoY, as Black Friday dipped 1.3% YoY at $8.9 billion vs $9 billion (2020) and Thanksgiving Day stayed flat at $5.1 billion.
Consumer spending on Cyber Monday is not growing as fast as it did last year. It reaffirms that many consumers had fulfilled their shopping urge earlier in the season. When all is said and done however, we still expect to see a record season and year for e-commerce.”
—— said Vivek Pandya, lead analyst of Adobe Digital Insights.
Last Cyber Monday, retailers rang up $10.8 billion in sales on the web, as more people stayed home and avoided shopping in retailers' stores due to the ongoing coronavirus pandemic. It marked a record day for e-commerce purchases in the U.S.
Mooers, did you shop online and what did you buy on Cyber Monday?
Source: Forbes, CNBC, Foxbusiness
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