STOCKS/ECONOMY
-Stock futures are mixed after Thursday's 451-point loss for the Dow, smaller 0.4 percent decline for the S&P 500, and a 0.5 percent fall for the Nasdaq. Investors are still a bit spooked by Walmart's profit warning for the current year.
-The yield on the 10-year Treasury bond is down to 4.48 percent.
-Gold is at the $2,946 per ounce level. Bitcoin is up to the $99,300 level.
-Asian markets closed higher today, led by a massive 4 percent rally for the Hang Seng. The Nikkei gained 0.3 percent, and the Shenzhen rose 1.8 percent.
-The Hang Seng rally was fueled by a big rally in Alibaba shares after the e-commerce giant reported strong profits.
OIL/ENERGY
-U.S. crude prices are down and back to the $71 a barrel level.
-Gasoline prices are holding at $3.16 a gallon, national average.
BITCOIN CASE
-Crypto trading platform and exchange Coinbase (COIN) says the SEC has dropped the enforcement action against it. Its shares are up 4 percent in the premarket.
UNH CASE
-United HealthCare (UNH) is reportedly now the target of a Justice Department investigation for allegedly fraudulent Medicare billing practices. UNH shares are down 11 percent in the premarket.
META MONEY
-Meta’s (META) executive officers can now earn a bonus of 200 percent of their base salary under the company’s new executive bonus plan, up from the 75 percent cap that had been in place in the past. The move comes just after Facebook slashed 5 percent of its workforce to cut costs. Meta shares are up 1 percent in the premarket.
BLOCK DOWN
-Fintech company Block (XYZ) reported weaker than expected quarterly profits and revenues. Its shares are down 9 percent in the premarket.
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