Everything You Need To Know
US futures are flat as the Dow closed at a record high yesterday. Retail sales surged 5.3% in January smashing the 1.2% estimate.
Asian and European markets are trading lower as investors watch rising US treasury yields.
Gold and silver are trading lower as the dollar and US treasury yields rise. Oil is trading higher amid Texas supply chain disruptions and potential OPEC+ production cuts.
Bitcoin continues its record breaking run and briefly crossed over $51,000. Bitcoin is currently trading around $50,690.
Goldman Sachs released Marcus invest a robo-advisory platform that allows customers to get started with a $1,000. SpaceX raised $850M at a $74b valuation.
Biggest Pre-Market Movers
Hilton Worldwide (HLT) is down 2.3% in premarket trading after reporting a quarterly loss. Shopify (SHOP) is up 1% after beating eps estimates. Chevron and Verizon are both up over 3% after Berkshire Hathaway bought a $4.1b and 8.6b stake in each company.
Chart of the Day
ERJ breakout imminent