Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Wall Street looks less after a two-session winning streak
Traders on the floor of the NYSE, April 4, 2022.
Source: NYSE
U.S. stock futures fell on Tuesday after a back-to-back gain on Wall Street. The Nasdaq rose nearly 2% earlier in the week as Elon Musk’s new partnership with the social network led to a rally in Twitter’s 27% rise in technology stocks. Twitter shares added another 1.5% to Tuesday’s premarket.
The stock market has entered a seasonally strong time, April is usually one of the best months for equity. In fact, according to MKM partners, the S&P 500 has grown an average of 2.4% in April over the last 20 years. The index has risen on April 16 in the last 17 years.
2. Musk Post Edit Button Twitter Poll; Amazon has signed a rocket deal
Hours after the 9.2% passive stack Twitter was released, Musk asked users of a poll platform if they wanted an edit button. More than 73% of the approximately 2.6 million respondents clicked “yse”, which was misspelled by Mask to make it clear that his ability to edit posts should be added to Twitter.
Twitter CEO Parag Agarwal retweeted Musk and urged people to “vote carefully” because the results would be “important.” The Tesla CEO’s investment, which has made him Twitter’s largest shareholder, comes after he considered creating a new social media platform.
Company rocket artist rendering, left to right: New Glenn, Vulcan Center and Arian 6.
Blue Origin / United Launch Alliance / Aryanspace
Amazon on Tuesday announced a major commercial rocket deal, with three companies signing its Project Kuiper Internet Satellite for 83 launches. One of the companies is Blue Origin by Amazon founder Jeff Bezos. Project Kuiper is Amazon’s plan to build a network of 3,236 satellites in low Earth orbit to provide high-speed Internet anywhere in the world. In 2020, the FCC approved Amazon’s system, which the company said would “invest more than 10 10 billion” to build.
3. Bond yields increase and are reversed; Oil prices rise
Treasury yields rose on Tuesday morning and key yields spread – 2-year / 10-year and 5-year / 30-year – reversed. This is a bond market phenomenon that has often preceded the economic downturn. Traders were selling bonds at the end of the yield curve due to concerns that the Federal Reserve would become more aggressive in its interest rate-tightening cycle. Bond prices go in the opposite direction of yield.
U.S. oil prices rose on Tuesday amid concerns over supply as Russia considers new sanctions against Moscow over alleged war crimes by Russian troops in Ukraine. West Texas Intermediate crude added 1%, rising more than 10 104 a barrel after breaking a two-session fall after rising 4% on Monday.
4. EU proposes ban on Russian coal imports, sources say
The two EU officials, who declined to be named because of the sensitivity of the talks, told CNBC on Tuesday that the European Commission would propose a ban on coal imports from Russia. Russia’s imposition of sanctions on the energy sector has become a challenge for the European Union, with some countries relying heavily on Moscow. Ukrainian President Volodymyr Zelensky will address a UN Security Council meeting on Tuesday as Russian troops withdraw from towns around Kiev, sparking atrocities.
5. Shanghai has extended the lockdown; BA.2 subvariant 72% in the US case
In the latest Kovid development:
- According to the director of the Shanghai Working Group on Epidemic Control, the outbreak of coronavirus in China’s largest city remains “extremely alarming”. Much of eastern Shanghai, which was due to reopen last Friday, was locked, including the western half of the city.
- According to the Center for Disease Control and Prevention, the more contagious Omicron BA.2 subverter now makes up 72% of genetically sequenced covid infections in the United States. BA.2 became dominant in the United States last week.
- Senate Republicans and Democrats reached an agreement Monday to buy therapeutics and vaccines with an additional িড 10 billion in Covid funds and to maintain the country’s testing capacity if another Covid wave hits the United States, less than half of what President Joe Biden first requested $ 22.5 billion.
– CNBC reporters Eun Lee, Samantha Subin, Pippa Stevens, Sam Shed, Michael Schitz, Vicky McKeever And Spencer Kimball As well as The Associated Press and Reuters contributed to this report.
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