Everything You Need To Know
US futures are trading lower as tech shares continue to show weakness amid rising yields.
European stocks are trading higher after tracking an improving US sentiment. Asian shares are mixed following a similar sentiment to Europe.
Gold and silver are trading lower as US yields rise. Gold is at a 3-week low and is below $1700 again. Oil is trading lower as Suez canal opens again and focus turns to OPEC+ production cuts.
Bitcoin is trading 2.5% higher and is currently trading around $59,121.
The Biden administration announced a plan to increase offshore wind power in the US. Visa will now allow customers to pay their bills with cryptocurrency.
Biggest Pre-Market Movers
Both Discovery and Viacom are trading over 1% higher after both companies lost more than 45% of their value in 5-days. McCormick & Co is trading 2.1% higher after beating earning and revenue estimates. Roku is trading higher after being upgraded from a hold to a buy by Truist. BioNTech is trading 4.9% after it raised its manufacturing goal to 2.5b covid-19 vaccine doses by 2021.
Chart of the Day
U Potential double bottom
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