📈 Stock Market Today: SHLX, ABNB, MAR and DOGE - Here's what you need to know:
Markets started the week mixed today. Here's what's happening in the markets today, Monday, May 10th.
Stock Market Today | May 10, 2021 - Here's What You Need To Know:
Here's what's happening in the markets today, Monday, May 10th.
Markets started the week mixed today.
Digesting the jobs report: Data on Friday showed that U.S. jobs rose by 266,000 in April, trailing estimates for a one million jump, marking a huge miss by economists and raising questions over what data they're using.
Crude Oil: Hackers stole almost 100 gigabytes of data from Colonial Pipeline's networks - , before locking its computers with ransomware and demanding payment. Multiple sources have confirmed that a cybercriminal gang called DarkSide was behind the attack, and some evidence has emerged linking the group to Russia or elsewhere in Eastern Europe. It’s the largest pipeline: 5,500-mile long and carries 2.5M barrels a day to the East Coast, or 45% of its supply of diesel, gasoline and jet fuel. It’s owned by Shell Midstream Partners (SHLX) and others,
This year alone has brought us GameStop mania, a ship stuck in the Suez Canal, the Archegos collapse, a shortage of literally everything, someone named Beeple selling an NFT for $69 million, and Dogecoin:
Dogecoin (DOGE-USD) is down as much as 46% after trading as high as $0.74 before Elon Musk's appearance on Saturday Night Live. Musk tweeted SpaceX (SPACE) would launch a mission to the moon in 2022 - named Doge-1 (all funded by Dogecoin).
Everything is getting more expensive:
Lumber, Copper, Corn, Soybeans - Should we sound the inflation alarm?
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell have argued that the current sticker shock is only temporary. "An episode of one-time price increases as the economy reopens is not the same thing as—and is not likely to lead to—persistently higher year over year inflation into the future,” Powell said.
This week:
We’ll get an even clearer picture of inflation when the government releases the consumer price index (CPI) on Wednesday.
Earnings are winding down: Airbnb (ABNB), DoorDash (DASH) Marriott (MAR), Electronic Arts (EA), Palantir (PLTR), Coinbase (COIN), Disney (DIS), and Alibaba (BABA)
set to report earnings this week.
President Biden will go on a big push this week to secure bipartisan support for his domestic infrastructure package. On Wednesday, Biden will host his first meeting with Republican and Democratic leaders from the House and Senate since taking office.
Microsoft (MSFT): Melinda Gates had been working with lawyers on a split from Bill since 2019, according to the WSJ.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this channel.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket
Here's what's happening in the markets today, Monday, May 10th.
Markets started the week mixed today.
Digesting the jobs report: Data on Friday showed that U.S. jobs rose by 266,000 in April, trailing estimates for a one million jump, marking a huge miss by economists and raising questions over what data they're using.
Crude Oil: Hackers stole almost 100 gigabytes of data from Colonial Pipeline's networks - , before locking its computers with ransomware and demanding payment. Multiple sources have confirmed that a cybercriminal gang called DarkSide was behind the attack, and some evidence has emerged linking the group to Russia or elsewhere in Eastern Europe. It’s the largest pipeline: 5,500-mile long and carries 2.5M barrels a day to the East Coast, or 45% of its supply of diesel, gasoline and jet fuel. It’s owned by Shell Midstream Partners (SHLX) and others,
This year alone has brought us GameStop mania, a ship stuck in the Suez Canal, the Archegos collapse, a shortage of literally everything, someone named Beeple selling an NFT for $69 million, and Dogecoin:
Dogecoin (DOGE-USD) is down as much as 46% after trading as high as $0.74 before Elon Musk's appearance on Saturday Night Live. Musk tweeted SpaceX (SPACE) would launch a mission to the moon in 2022 - named Doge-1 (all funded by Dogecoin).
Everything is getting more expensive:
Lumber, Copper, Corn, Soybeans - Should we sound the inflation alarm?
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell have argued that the current sticker shock is only temporary. "An episode of one-time price increases as the economy reopens is not the same thing as—and is not likely to lead to—persistently higher year over year inflation into the future,” Powell said.
This week:
We’ll get an even clearer picture of inflation when the government releases the consumer price index (CPI) on Wednesday.
Earnings are winding down: Airbnb (ABNB), DoorDash (DASH) Marriott (MAR), Electronic Arts (EA), Palantir (PLTR), Coinbase (COIN), Disney (DIS), and Alibaba (BABA)
set to report earnings this week.
President Biden will go on a big push this week to secure bipartisan support for his domestic infrastructure package. On Wednesday, Biden will host his first meeting with Republican and Democratic leaders from the House and Senate since taking office.
Microsoft (MSFT): Melinda Gates had been working with lawyers on a split from Bill since 2019, according to the WSJ.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this channel.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket