Here are the most important news, trends and analyses that investors need to start a trading day:
1. Wall Street looks higher after defeating a few days in a row
New York Stock Exchange Floor Trader, March 18, 2022.
Source: NYSE
2. Ukraine recaptures the outskirts of Kyiv.Biden says Putin “towards the wall”
Ukrainian military personnel are visible on a tank located outside the settlement of Makalifu on March 4, 2022, near Zhytomyr, Ukraine, as Russia invades Ukraine.
Maxim Levin | Reuters
Ukrainian troops said earlier Tuesday that they had rebuilt a strategically important suburb of Kyiv. However, Russia continued to oppress other areas near the capital, and the attacks on Mariupol’s embarrassed southern harbor continued to rage.
- U.S. President Joe Biden, heading to Europe later in the week to meet his allies, said on Monday that Russian President Vladimir Putin’s “back is against the wall” could rely on the use of chemical weapons. Stated.
- The White House also warned of potential cyberattacks and urged US companies to strengthen their defenses “immediately.”
3. Dow Jones Industrial Average: Nike Earnings, Boeing Crash Probe, Disney Strike
Dow Jones Industrial Average Nike rose about 5% in the premarket on Tuesday. This is the morning after reporting third-quarter earnings and earnings above expectations. Nike quoted strong demand in North America, but chose not to provide forward guidance due to uncertainty about inflation, Russia’s Ukrainian war, and supply chain blockages.
Boeing CEO Dave Calhoun told employees that the aircraft manufacturer provided full technical expert assistance in investigating the crash of China Eastern Airlines 737-800, which has 132 passengers on board. .. The jet crashed in a mountain in southern China early Monday. The Dow Jones Industrial Average rose moderately in pre-market trading the day after it fell 3.6%.
Dow Jones Industrial Average is stable in the premarket, protesting CEO Bob Chapek’s delay in blaming Florida’s so-called Don’t Say Gay bill before a week-long employee strike starting Tuesday. I did. Mr Chapek said on Monday that the company made a mistake because it had previously been silent about the laws of the state that Disney World is based on.
4. Alibaba raises share buyback program to $ 25 billion
The Alibaba Group logo will be seen on August 8, 2021 at the Alibaba Xixi Campus in Hangzhou, Zhejiang Province, China.
Shen Ryusen | Visual China Group | Getty Images
Alibaba’s stock surged more than 9% in US premarket trading on Tuesday after China’s e-commerce giant announced that it would increase its share buyback program by 66% to $ 25 billion. Alibaba has repurchased approximately $ 56.2 million worth of American Depositary Receipts worth approximately $ 9.2 billion under a previously announced repurchase program. ADR is a US-listed stock that acts as an agent for foreign companies. Alibaba aims to increase investor confidence as its stock price has lost about two-thirds of its value since it hit a record high in October 2020.
5. Elon Musk opens Tesla’s long-delayed new Berlin plant
Berlin, Germany-September 2: Tesla’s head Elon Musk arrives at the CDU / CSU Bundestag retreat of the Christian Democratic Union of Germany on September 2, 2020 in Berlin, Germany. Musk is currently in Germany and met with vaccine maker CureVac. Tesla is working yesterday to build a device for producing RNA vaccines. Today, he is also rumored to be at the location of a new Gigafactory under construction near Berlin.
Maja Hitij | Getty Images News | Getty Images
Tesla CEO Elon Musk will open its first manufacturing facility in Europe for electric vehicle manufacturers on Tuesday and will cut ribbons at its Berlin plant. Tesla estimates that the plant produces up to 500,000 vehicles annually. Due to the significant delay in licensing the facility, Tesla had to serve previous European orders from its Shanghai plant, increasing logistics costs. The client selected on Tuesday will get the Model Y made in Berlin. Musk said new orders from the factory could be delivered soon next month.
— CNBC reports that Arjun Kharpal, Sam Shead, Lauren Thomas, and the Associated Press and Reuters contributed to this report.
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