By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were mildly lower in early morning trading on Tuesday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%.
- The deal for Canada-based Scanline is the latest in a string of acquisitions by Netflix.
Market Snapshot
U.S. stock futures were mildly lower in early morning trading on Tuesday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%.
$Dow Jones Industrial Average (.DJI.US)$ futures gained 16 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both traded below the flatline.
Market Temperature
Read more: Market Temperature (11/23)
Top News
Biden will tap Powell for new term as Fed chairman
President Biden plans to nominate Fed Chairman Jerome Powell for a second term, opting for policy continuity despite resistance from some progressives. Lael Brainard will be nominated as vice chairwoman.
S&P 500 falls as investors digest Fed nomination
U.S. stocks pared earlier gains and finished lower after the news that President Biden would nominate Jerome Powell for a second term as chairman of the Federal Reserve. Treasury yields and the dollar rose.
U.S. home sales on track for biggest year in 15 years
Existing-home sales increased 0.8% in October from the prior month to a seasonally adjusted annual rate of 6.34 million, the highest pace since January.
Minimum tax proposal would create complications for investors and companies, tax experts say
The House on Friday passed President Biden's $2 trillion social spending plan that, among other things, would set a minimum 15% federal tax rate on big companies.
Macy's turns Thanksgiving Day parade balloons into NFTs
Department store chain is auctioning off 10 digital images of parade balloons, including a floating firefighter from the 1940s. Bids are already above $2,500. $Macy's(M.US)$
Netflix to buy special-effects firm behind 'Stranger Things,' 'Game of Thrones'
The deal for Canada-based Scanline is the latest in a string of acquisitions by the streaming company. $Netflix(NFLX.US)$
What's open on Thanksgiving? Target, Walmart and more are set to close
Some retailers said closures during the Covid-19 pandemic proved popular with customers-and employees. $Target(TGT.US)$$Walmart(WMT.US)$
American, JetBlue ask court to toss antitrust suit over airline alliance
The carriers pushed back against a Justice Department lawsuit over their partnership, saying there is no evidence it has harmed competition. $American Airlines(AAL.US)$$JetBlue Airways(JBLU.US)$
Read More
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg