Everything You Need To Know
Market Update
Dow futures are positive after a record close; however, the S&P500 and the Nasdaq futures are negative. The 10 year treasury yield is up 5 basis points and is currently 1.446%.
International Markets
Asian markets are trading higher after the Dow Jones finished at record levels. European markets were mixed on earnings data.
Commodities
Gold is trading lower as US Treasury yields rise. Silver is trading 0.4% higher this morning. Oil prices are as 52 week highs amid tighter supplies and the fed’s comments on low rates.
Crypto
Bitcoin is currently stabilizing around $50,000 after dropping over $12,000 in a multi-day span. Bitcoin is currently trading around $50,333.
Interesting News
The FDA said J&J’s single-dose coronavirus vaccine is safe and effective ahead of its meeting on whether to approve it. Moderna is beginning clinical trials of its new vaccine to offer better protection against the new strains. Snapchat shares hit record highs on sales growth and ad strategy.
Biggest Pre-Market Movers
GME surged 55.8% in premarket trading. Koss is up over 81%. Best Buy (BBY) shares fell 5.3% after beating earnings; however, they fell short on revenue estimates. Wayfair shares are down 9% after beating earnings; however, they missed revenue estimates. Teladoc Health (TDOC) is down 6.5% after reporting a larger loss than expected.
Chart of the Day
SDC – last time the reddit stocks short squeezed SDC went from $11 to $16 +45%
