Fed governor Lael Brainard will be speaking at 12:00 p.m. ET about the U.S. economic outlook and monetary policy at the Society for Advancing Business Writing and Editing Conference.to seek regulatory clearances for its Covid-19 vaccine while shortages in raw materials slow the ramp-up in production of doses.
Tesla declined 5.3% in premarket trading. The company halted plans to expand its Shanghai production base due to uncertainties caused by current U.S.-China tensions, according to a Reuters report.Palantir is down 4.8%, extending a 10-day losing streak. It reported a net loss for the first quarter. Aspen Technology jumped 5.6% after S&P Dow Jones Indices said the company will be added to the S&P MidCap 400 index, replacing Avanos Medical .Hanesbrands plunged 8.2% after releasing guidance for the second quarter and the full year that came below analysts’ expectations.The Nasdaq Composite Index has fallen for seven of the past 10 trading sessions and has lost over 4% this month so far. Futures are suggesting another day of losses for tech stocks.
Venture-capital funding to Israeli cyber firms hit $1 billion last year, according to business-analytics firm Crunchbase, aboutThe MSCI All Country World Value Index is by 11.3 percentage points over the past 12 weeks. That’s its biggest advantage since mid-2009, when the equity market was climbing off the floor following the global financial crisis.Junk bond issuance is surging in Europe. Risky companies are getting ultralow borrowing costs and increasingly loose borrowing terms, such as “pick-your-poison” clauses.