Stock markets (^DJI, ^IXIC, ^GSPC) are showing signs of movement ahead of Friday’s opening, with the Dow Jones Industrial Average hoping to bounce back this week after yesterday’s drop after hitting the 40,000 milestone.
The Securities and Exchange Commission has approved an Ethereum ETF offering, giving the green light to Wall Street firms looking to offer Ethereum-related (ETH-USD) products to investors.
Tesla (TSLA) is reportedly cutting Model Y production at its Shanghai factory.
For more expert insights and the latest market trends, click here to listen to this entire episode of Morning Brief.
This post Luke Carberry Morgan.
Video Transcript
Three things you need to know this Friday morning, and a roadmap for the trading day, from Yahoo Finance’s J. Jennifer Shaver: More stock futures are on track to rise this morning as the Dow Jones Industrial Average recovers from its worst session since March 2023.
1 year ago.
Stocks are beginning to feel pressure this week after Fed minutes rekindled concerns about the outlook for interest rates and stagnant inflation progress led Goldman Sachs to postpone a possible rate cut from July to September.
The SEC approved the rule changes late Thursday, clearing the way for the ETF to be approved.
The next step is for regulators to give approval to the fund manager before the ETF product can be launched.
So the timing remains unclear and we’re keeping a close eye on Elon Musk this morning.
Auto giant Tesla is reportedly set to significantly cut production of its models at its Shanghai factory.
Given concerns about demand in the electric vehicle market, why refute reports that SpaceX is in talks to sell its existing shares for an undisclosed price, which could value the company at as much as $200 billion?
