Everything You Need To Know
US futures are negative for the third straight day.
European and Asian stocks are trading lower today as global bond yields move higher.
Gold is up slightly after dropping over 1.5% yesterday. Silver is down almost 1% after dropping over 2% yesterday. Oil prices are up slightly as OPEC+ is meeting later today to discuss production cuts.
Bitcoin is down 3% and is currently trading around $49,333.
Snowflake doubled its quarterly sales, however; its losses also doubled. Fedex is investing $2b by 2040 to make their entire delivery fleet carbon neutral.
Biggest Pre-Market Movers
Okta is down 10.5% after announcing it is buying software provider Auth0 for $6.5b. Marvell Technology (MRVL) is down 5.9% after issuing a disappointing outlook after saying chip shortages could last throughout the year. Vroom (VRM) fell 14.9% after posting a bigger loss than expected. General Electric shares are up 2.2% after Morgan Stanley increased their price target to $17.
Chart of the Day
FB Breakout or Breakdown coming soon
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