Stock futures rose Data on retail sales and producer prices are expected on Tuesday. Here’s what we watch before the first bell on Tuesday.
- S&P 500 futures were up 0.1%, suggesting the overall benchmark index could break Monday’s all-time high. Nasdaq-100 futures are up 0.2%, indicating increase in technological reserves after the first call.
What will happen next
- USA producer prices for May must be completed at 8:30 am ET. Economists polled by The Wall Street Journal expect producer price index to rise 0.5% in May from the previous month.
- Retail sales data for May is also due at 8:30 am. Economists estimate that a Commerce Department report will show retail sales declined 0.7% in a month.
- Profit due of
as well as
Markets to watch out for
Shares fell nearly 5% ahead of the opening after the California-based company increased its offerings overnight.
fell about 2% after a sharp drop in copper prices on Tuesday morning. The metal fell in price by almost 4%.
rose 1.5% after rising 15% on Monday. Among other shares of memes,
in the premarket grew by 6.8%, and
- Cannabis company
Russian stocks traded in the US surged more than 1% premarket even after the company said its loss increased in the third quarter of fiscal 2021, citing a difficult period.
- According to Dealogic, non-financial companies issued $ 1.7 trillion in US bonds last year, nearly $ 600 billion more than the previous high. Their total debt stood at $ 11.2 trillion by the end of March, according to the Federal Reserve. about half the size of the US economy…
- Bitcoin has reached its goal the highest level in more than two weeks On Monday, trading reached $ 41,046.77, helped by MicroStrategy’s completion of a $ 500 million junk bond offer to buy bitcoins and fresh comments from Tesla CEO Elon Musk. By Tuesday morning, the price had dropped to $ 40,320.
- On this day in 1215, King John of England signed the Magna Carta, which listed the principles of limited government, free trade, private property, and the liquidation of assets to pay off debts.
Schedule of the day
- Lordstown Motors probably won’t be the only one electric car company pull off the road even before she started selling her core product, writes Heard on the Street editor Stephen Wilmot.
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