Stock futures are steady this morning after a subdued trading session on Wall Street.
Here are five key insights to kick off the trading day:
1. More Than Meets the Eye
While Monday appeared uneventful with the S&P 500 ending nearly flat and the Dow dropping just 60.95 points (0.11%) there were significant movements behind the scenes in several stocks.
2. Chip Values on the Rise
Nvidia announced it has reached agreements with leading Wall Street asset managers to turn its chips into tradable assets. Nvidia CEO Jensen Huang told CNBC that the $500 billion financing deal marks a historic shift, making technology chips an investable asset class for the first time.
3. Shrinking Stockpile
The U.S. Strategic Petroleum Reserve fell below 300 million barrels last week, hitting its lowest level since 1983, according to the Energy Department.
4. Vaccine Policy Update
President Trump signed an executive order aimed at reducing the number of routine vaccines for children, continuing his administration’s efforts to modify the childhood immunization schedule.
5. Expanding Horizons
Baby products company Frida is entering the kids’ personal care market, partnering with Walmart to launch products for children aged 6 to 11.
Source (CNBC)
