Here are the top news, trends and analysis that investors need to start their trading day:
1. Stock futures lose steam as the 10-year Treasury yield hits a three-year high
Traders on the floor of the New York Stock Exchange, April 7, 2022.
Wall Street is set for a mixed open on Friday. US stock futures lost his strength Like 10-year treasury bond yield Pushed to its highest level in three years after Federal Reserve He indicated earlier in the week that more stringent measures are needed to fight inflation. Tech stocks received the brunt of the accompanying rise in Treasury yields, sending Nasdaq It is down more than 2.5% to Thursday’s close, on track to break a three-week winning streak. The Standard & Poor’s 500 It was also tracking its first weekly loss in four weeks, down 1% from Monday to Thursday. The Dow Jones Industrial Average It’s down nearly 0.7% for the week so far, which would be the second consecutive weekly loss. Next week, banks start their last quarterly earnings season.
2. Bond yields continue to rise led by the Fed; Oil heads for weekly losses
10-year treasury bond yield ticked top Friday, topping the previous day’s high of 2.667% to March 2019 and keeping it above 2 year return. They flipped last week for the first time since 2019.
Another major Treasury yield spread – is 5 years And 30 years I stayed on my side on Friday Inverted after flipping last week for the first time since 2006. Flips are big because historically they happened before recessions.
Oil prices in the United States slight height Friday, but remained below $100 a barrel. West Texas Intermediate Crude It’s down more than 3% so far this week after last week’s drop of nearly 13% as the United States announced its largest-ever release of Strategic Petroleum Reserve and International Energy Agency member nations join Efforts to combat high oil and gasoline prices.
3. More than 30 people were killed in a Russian missile attack on a Ukrainian train station
Ukrainian police inspect the remnants of a large rocket with the inscription in Russian “For Our Children” next to the main building of a train station in Kramatorsk, eastern Ukraine, that was used to evacuate civilians, after a missile strike wounded at least 35 people, on April 8, 2022.
Fadel Al-Sunnah | AFP | Getty Images
Russian missile attack More than 30 people were killed and more than 100 injured at a railway station in eastern Ukraine on Friday. The station was packed with evacuees waiting to travel to safer areas of the war-torn country. Ukrainian leaders have warned that fighting in the Donbass region, where Russia has been conducting military operations for years, is expected to resemble World War Two. Meanwhile, the Kremlin admitted that the Russian forces, not expecting to meet such stiff resistance, had suffered “significant losses” in their unprovoked invasion of Ukraine.
4. Twitter plans Elon Musk Q&A as Tesla CEO opens new car plant in Texas
Twitter Planning to host a question-and-answer session with Elon Muskthe largest contributor to the social network and a new board member, According to the Washington Post, citing internal company messages. Twitter CEO Parag Agrawal announced the city council session in a company-wide email after a week of internal anger that an outspoken Tesla and SpaceX CEO would hurt company culture and make their jobs more difficult, The Post reports.
Tesla Motors CEO Elon Musk speaks at the grand opening ceremony of the Tesla Giga Texas manufacturing “Cyber Rodeo” on April 7, 2022 in Austin, Texas.
Susan Cordero | AFP | Getty Images
Musk, the world’s richest person, spoke Thursday night at the grand opening of a new $1.1 billion electric car plant near Austin Airport in Texas. chief executive officer He said at this event Tesla aims to manufacture 500,000 units of the Model Y in one year in Austin and the company also hopes to start production of the Cybertruck there next year. Two weeks ago, Musk opened a new factory for Tesla in Germany.
5. Peter Thiel Calls Warren Buffett “A Sociopath Grandpa from Omaha”
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, indicates he is speaking during the Bitcoin 2022 conference at the Miami Beach Convention Center on April 7, 2022 in Miami, Florida.
Marco Bello | Getty Images
Venture Capital Billionaire Peter Thiel He said at a Bitcoin conference on Thursday that Warren Buffett He tops the “enemy list” of people trying to stop the world’s largest cryptocurrency. Till called the legendary investor a Sociopath Grandpa from Omaha Referring to the city of Nebraska where Buffett’s Berkshire Hathaway headquarters is located. Tell also in JP Morgan Executive Director Jimmy Damon And Black stone Executive Director Larry Fink As part of the “Government of Aging” that manages global finance. The Miami speech is Thiel’s latest and most daring public attack on people he sees as standing in the way of bitcoin, which he has invested heavily in.
CNBC correspondents Sarah MinAnd Natasha TurakAnd Laura Kolodny And Jennifer Elias Reuters and The Associated Press also contributed to this report.
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