1. Tesla to remain public: Shares in Tesla were poised to slump 5% on Monday after CEO Elon Musk said that he had given up on plans to take the electric-car company private. There was heavy trading in Tesla stock ahead of the opening bell.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +68.00 | | +28.75 | | +6.50 | | +0.26% | | +0.38% | | +0.23% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +197.87 | | +51.47 | | +14.27 | | 22,799.64 | | 2,780.90 | | 7,577.49 | | +0.88% | | +1.89% | | +0.19% | | | |
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| | | Biggest Winners | | Advanced Micro Devices Inc | +2.59% | | | | Twitter Inc | +1.72% | | | | Micron Technology Inc | +1.58% | | | | Netflix Inc | +1.52% | | | Biggest Losers | | Johnson & Johnson | -0.56% | | | | Deere & Co | -0.48% | | | | Bank of America Corp | -0.16% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Tesla reaction; NAFTA talks; Didi in trouble | | By Alanna Petroff | | | | 1. Tesla to remain public: Shares in Tesla were poised to slump 5% on Monday after CEO Elon Musk said that he had given up on plans to take the electric-car company private. | | | | There was heavy trading in Tesla stock ahead of the opening bell. | | | | The billionaire entrepreneur stunned investors earlier this month when he tweeted that he had secured funding to remove the firm from the stock market. | | | | Shares in Tesla jumped about 11% on August 7, the day Musk tweeted about his plan to take the company private. But the stock has tumbled 15% since then as doubts mounted and regulators reportedly looked into whether funding had been secured. | | | | Musk said his change of heart came after talking to Tesla investors and realizing that taking the company private would be harder than he originally thought. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 2. NAFTA breakthrough? The United States and Mexico could be nearing a deal after weeks of bilateral talks over NAFTA, the key North American trade agreement that's faced an uncertain fate for more than a year. | | | | Reuters reported Sunday that Mexico's Economy Minister Ildefonso Guajardo said the talks were in the "final hours." | | | | On Saturday, President Donald Trump said in a tweet that America's "relationship with Mexico is getting closer by the hour" and that "a big Trade Agreement with Mexico could be happening soon!" | | | | | | | 3. Didi in trouble: Didi Chuxing is suspending one of its services for the second time this year after a driver was accused of raping and killing a female passenger. | | | | China's biggest ride-hailing company apologized for "disappointing mistakes" and said that two senior managers have been removed from their jobs. | | | | SoftBank and Apple are among the companies that have invested in Didi. Uber also ended up with a big stake in exchange for its China operations, which it sold to Didi in 2016. | | | | 4. Global stock market overview: US stock futures were higher, suggesting that Monday could be another record-setting day on Wall Street. | | | | The S&P 500 rallied by 0.6% on Friday to hit an all-time high. The Nasdaq added 0.9% to hit a record high of its own. The Dow Jones industrial average surged 0.5%, but remains below its January peak. | | | | European markets were mostly positive in early trading. UK stock markets were closed for a holiday. | | | | Asian markets ended with gains. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Tuesday — Best Buy, H&R Block, Box and Tiffany earnings; US home price data released for June
Wednesday — Salesforce and Brown-Forman earnings
Thursday — Abercrombie & Fitch, Campbell Soup, Lululemon and Dollar Tree earnings
Friday — Eurozone unemployment data released for July | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $68.45 | -0.27 / -0.39% | | | Gold | $1,210.70 | +16.70 / +1.40% | | | 10-yr | 2.83% | +0.01 / +0.18% | | | Euro | $1.16 | -0.00 / -0.28% | | | |
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