Market trends today reveal rapid shifts in tech, finance, and global markets. From autonomous vehicles to Facebook’s data scandal, here’s what you need to know before the market opens.
SoftBank (SFTBF) and Toyota (TM) formed Monet, a joint venture developing driverless car services like mobile convenience stores. SoftBank holds 50% ownership, signaling strong tech-auto collaboration.
This follows SoftBank’s $2.3B investment in GM Cruise. Meanwhile, Honda (HMC) and GM (GM) partnered for autonomous vehicles, and BMW joined Baidu’s Apollo project.
Ireland’s Data Protection Commission launched a formal probe into Facebook’s (FB) breach affecting 50M accounts. The focus? Compliance with Europe’s strict GDPR laws enacted in May.
Though Facebook fixed the flaw, 90M users were logged out as a precaution. Key details—like the hackers’ motives—remain unknown.
The 10-year Treasury yield soared after upbeat job data. Analysts expect momentum to continue, driven by Federal Reserve rate hike expectations.
Societe Generale strategist Kit Juckes highlights thriving economic conditions, reinforcing bullish bond market trends.
Launching today, CNN Business shifts focus to tech’s disruption of global markets. The goal? Cover rapid adaptation in business and society.
US futures slipped after Asia’s weak session. The Dow rose 0.2%, while the S&P 500 and Nasdaq gained slightly. Shanghai’s market was closed for a holiday.
Constellation Brands (STZ) reports pre-market.
Costco (COST) posts earnings after the close.
Shares fell 3% as the US investigates its money laundering scandal.
Thursday: Costco earnings, CNN Business launch.
Friday: US jobs report—critical for market direction.
Market trends today highlight tech innovation, regulatory risks, and economic strength. Investors should monitor autonomous vehicle partnerships, Facebook’s probe, and bond yields for trading signals.
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